\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tXRP is “basically dead,” a popular analyst claimed.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Ripple\u2019s cross-border token has performed quite poorly over the last week, dropping by more than 7%.<\/p>\n
It just dipped below the psychological level of $1.00, and the analysts are split: some see this as a great buying opportunity, while others have declared the asset dead.<\/p>\n
Somewhat expected, XRP\u2019s pullback<\/a> to a 21-month low has infused panic across the community, while the pessimists have become more vocal. X user Crypto Bitlord, for instance, claimed<\/a> that the asset is \u201cbasically dead,\u201d adding that it has no future and \u201csomeone needs to fork it.\u201d<\/p>\n The post caused mixed reactions, with some members arguing that XRP still has a bright future ahead, but others agreed with the thesis and envisioned heavy bleeding.<\/p>\n X user Diana also chipped in, projecting<\/a> a drop to as low as $0.86 should the price decisively break below the $1 mark. On the other hand, they believe a strong reaction around that zone, followed by a reclaim of $1.036, could interrupt the bearish perspective and trigger a relief bounce.<\/p>\n Another crypto commentator who gave their two cents is ChartNerd. The X user opined<\/a> that XRP must reclaim the $1.02-$1.06 range, or it is likely to head further south.<\/p>\n Recent whale activity and other factors suggest that Ripple\u2019s native cryptocurrency could rebound in the near future. Earlier this week, Ali Martinez revealed<\/a> that large investors have accumulated over 380 million XRP (worth nearly $400 million at the time) in the span of just seven days.<\/p>\n This development reduces the number of tokens available on the open market and might trigger a price increase (if demand increases or remains constant). Additionally, it may encourage smaller players to follow suit, thus distributing fresh capital into the ecosystem.<\/p>\n Martinez provided another optimistic element, saying that XRP\u2019s TD Sequential indicator (on a monthly scale) has flashed a buy signal. He noted that on previous occasions, such a setup has been a precursor to a triple or even quadruple price surge.<\/p>\n It is worth mentioning that prior to that, the analyst outlined<\/a> $1.06 as a critical level, predicting a massive collapse to $0.62 if the price slips under it (as it happened).<\/p>\nThe Bullish Signals<\/h2>\n
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