XRP might decline significantly: Market analysts predict that XRP could decrease to 1.50 USD in the coming weeks, raising concerns for investors. It reached a peak of 2.90 USD in December but has started to show correction signs.
Potential impacts of transferring tokens: The transfer of 39.43 million XRP tokens, valued at about 95.5 million USD, to Coinbase raises fears among investors about possible actions from crypto whales that may influence market trends.
Weak crypto market conditions: The overall weak condition of the crypto market, particularly Bitcoin’s difficulty in staying above 100,000 USD, continues to exert pressure on XRP’s price, contributing to its recent downturn.