The price of XRP can collapse 65%, Vickoff theoretical show

The price of the XRP suffered a sharp turnaround this month, crossing the bear market after falling almost 30% in January.

Ripple (XRP) The token crashed at low from $ 2,4335 on Wednesday, because it reduces the volume of trade and futures openly interest.

COIGULAM data show that Futures fell in 3.45 billion dollars on Wednesday, in January of $ 7.45 billion. This is a sign that demand for investors has fallen in the last few weeks. The living XRP volume fell to $ 4 billion of over $ 32 billion a week ago.

Several catalysts can press the price of XRP in the coming months. The contents of the polymeter on the SPOT Ripple ETF jumped over 80%. According to JPMorgan, Spot XRP ETFS can experience over $ 8 billion during the first year. That would be not wet ever Spot Etherum Etfs They accumulated only $ 3 billion inflows.

Ripple Laboratories continued to deal with ink to help become a leading player in the financial services industry. For example, he is associated with UNICAMBIO, a currency portuguese provider that will use its network for currency transactions.

Ripple also received permission for the money transmitter in New York and Texas, allowing him to manage his services in these two main American countries.

Further, Ripple USD continued to get a market share, with its everyday ox, which moves over $ 200 million, more than most others Stablecoins.

XRP price can be in danger of a deep dive

Vickoff Theory, which today has about 95 years, explains how funding are moving over time. Identifies four phases: Accumulation, marking, distribution and tag.

The price of the KSRP remained in the accumulation phase between 2022. and November 2024. This phase is characterized by consolidation and in the case of the KSRP, between 0.3260 and $ 0.9326.

Then in November, he moved the Market phase in November, because his price increased, which leads to fear that it will disappear among investors. This phase has more demand from delivery.

XRP is now transferred to the distribution phase, characterized by great volatility. If the theory works well, it will now go to the label phase, which can see to be supported at $ 0.9325. This support coincides with cutting points 78.6% and 61% below the current level.

The bear view will become invalid if the fishing price increases above the indicated year of $ 3.40.