- XRP price witnessed a 10% price dip today, falling below the $3 mark.
- Bitcoin price briefly fell below $100,000 while major altcoins are dumping.
- Crypto experts are bullish on XRP, estimating another price rally.
XRP price declined over 10% today and fell below the $3 mark it surpassed earlier this month. Meanwhile, several other altcoins and Bitcoin are also witnessing price declines amidst bear pressure. While Bitcoin briefly fell below $100,000, altcoins such as Ether, Solana, XRP, Cardano, Dogecoin, Chainlink, and Tron are facing deep price dips.
XRP price declined by more than 10% today. During early Asian hours, the token was trading at around the $3.13 price level and then deeply plunged to as low as $2.71. However, the XRP token is currently trading at $2.91, with over 6% price dip in the last 24 hours.
Even though the market cap declined by more than 6% and is hovering above the $167 billion level, the trading volume is surging. A staggering 300% increase in its 24-hour trading volume is indicating a price increase. While the token price has declined sharply, its trading volume is telling another story.
Experts Remain Bullish on XRP
The Bollinger Bands are squeezing on the $XRP daily chart, signaling that a significant price move could be on the horizon. pic.twitter.com/Sv7miRidTb
— Ali (@ali_charts) January 27, 2025
Even though XRP witnessed a steep decline of over 10% today, several market experts remain bullish on XRP. Renowned crypto market analyst Ali Martinez posted on X earlier today, demonstrating Bollinger Bands technical indicator on the XRP price chart. He further emphasized that a significant price surge is on the horizon for XRP.
Another popular crypto expert BitBoy posted on his official X account recently saying,
“XRP has never sustained these prices before. Not a bad time to buy as it forms new support lines above $3.”
Even though the XRP fell below the support level at $3, it remains true that it’s been years since XRP witnessed sustained price surges. Nonetheless, XRP is set to witness another price surge with new favorable crypto regulations forming in the US.
