Opinion: Despite the recent price drop, analysts predict that the negative trend of XRP will not last too long

Despite the recen t price drop, analysts predict a significant increase in the value of XRP, with some forecasting record highs. Indicators such as an increase in XRP trading volume and wallet numbers suggest that its adoption rate is growing. However, there are also bearish views predicting a sharp fall in prices due to regulatory challenges.

 

Although Ripple's XRP recorded an impressive price surge in 2023, bringing new hope for a large-scale bull m arket for investors, it has recently underperformed. Currently, its trading price is about $0.59 (according to CoinGecko data), down 5% monthly. However, many analysts believe this negative trend will not last too long and expect substantial growth within the next few months. Twitter user EGRAG CRYPTO predicts that XRP could rise to a historic high of $5 within the next 90 days, "marking the initial wave of a long-term bull market that could last several months."