The XRP price is currently facing a bearish trajectory despite its bullish fundamentals. As the Ripple coin experiences a daily decline of about 2% and a yearly plummet of about 30%, the community fears a continued downtrend.
However, market expert Brett believes that the current correction might be a deliberate ploy to frighten off retail investors, paving the way for a future price surge. Let’s unveil what the current XRP trend suggests and analyze the potential factors driving this trend.
XRP Price Falls By 2%: What Does It Mean?
Significantly, the year kicked off with a promising start for XRP. At the onset of 2025, the XRP price had hit levels last seen seven years ago. Despite this initial progress, Ripple’s token struggled to maintain momentum and slipped below $2.
While the XRP price fell by nearly 2% today, analysts like Brett see this as a tactical move. He believes that the price action doesn’t reflect the underlying developments. Instead, it is designed to test investors’ patience and weed out early supporters, stated Brett. His tweet read, “Price isn’t the truth. Price is just the distraction.”
As of press time, XRP is valued at $2.20, down 2%. However, the token has seen increases of 1.29% and 4.5%, respectively.
Ripple Price on the Cusp: Key Developments to Watch
Despite the prevailing negative market trends, represented by “red candles” in the price chart, Rippe and XRP are making significant progress behind the scenes. Citing Ripple’s potential developments, Brett posited that the XRP price is poised for a major uptrend. To be specific, Ripple is making strides with banking partnerships, regulatory advancements, and cross-border payment expansion, sparking optimism. One of the major developments is the much-anticipated settlement of the XRP lawsuit.
Thus, the analyst stated that the current negative sentiment contrasts with the real behind-the-scenes progress. The phrase “the quieter the setup” implies that a major breakthrough in XRP price is happening under the radar. Addressing the XRP market as a psychological game, Brett says that the narrative claiming XRP is ‘finished’ is a major misconception. Brett added,
Here’s the cold truth: Most of you will never see the real value of XRP. You’re too focused on price movements, too distracted by the short-term. The wealth is being built in the background, while retail chases illusions.
The post Here’s Why XRP Price is Down 2% Today appeared first on CoinGape.