XRP continues to face downward pressure in the cryptocurrency market, and analysts are debating whether current price levels present a buying opportunity. This article reviews expert opinions on the token's state and prospects.
Current Situation with XRP
XRP maintains its position as the fourth-largest cryptocurrency despite emerging concerns regarding its technical indicators. Lark Davis, a well-known analyst, expressed caution regarding the current stability of the assets, noting that XRP has repeatedly approached its 200-day exponential moving average (EMA), considered a critical support level. Since late May, XRP has tested this level on four occasions without showing significant recovery, indicating persistent market uncertainty.
ETF Approval Speculation
According to Davis, the ongoing tests of the 200-day EMA may represent short-term trading opportunities. He pointed out that mass purchasing of XRP could be justified in light of potential news surrounding Exchange-Traded Fund (ETF) approvals, which the SEC is expected to review by October 2025. Davis suggests that if approval is granted, it could lead to increased investor interest and a potential price spike.
Alternative Opportunities and Forecasts
Davis also compared XRP to Litecoin (LTC), indicating that LTC offers greater upside potential, particularly if both assets receive ETF approvals. He explains that Litecoin’s market capitalization is around $6 billion, significantly smaller than XRP's estimated $120 billion, which allows LTC to respond more dramatically to positive developments. Another analyst, Arthur, argues that XRP remains overpriced and suggests waiting for lower price levels to achieve a better risk-reward ratio.
Expert opinions on XRP are divided. While some analysts see short-term opportunities based on the 200-day EMA and potential ETF approval as catalysts, others advise caution and recommend waiting for lower price levels for safer investments.
