Analysts continue to monitor XRP's price dynamics, discussing potential scenarios for its future amid a changing cryptocurrency market.
Prolonged Distribution Phase for XRP
João Wedson, founder and CEO of Alphractal, warns of a possible prolonged and volatile distribution phase for XRP until late 2025. This forecast is based on the Wyckoff distribution model.
Price Movement Scenarios for XRP
In his analysis, Wedson outlines two contrasting scenarios for XRP:
1. A drop below pandemic lows, possibly down to 10 cents.
2. A potential rise to around $6.80, which could mislead investors into expecting a long-term bullish market.
Market Influence on XRP
Wedson emphasizes that XRP's future is influenced by numerous interconnected factors such as liquidity, market makers, and retail investor behavior. Low on-chain activity and long-term holder behavior indicate a decline in investor confidence compared to previous bullish phases.
Despite significant uncertainty, Wedson maintains a cautiously optimistic view of the altcoin sector, suggesting that the cryptocurrency market may be on the verge of a breakout phase for altcoins.
