Only thing is AT LEAST you know SOLO will always follow XRP’S / BITCOIN path that’s the ONLY HOPE people have. Literally.

- Technical Outlook: Can XRP Sustain Its Recovery? XRP price is fluctuating around $1.36, well below the 50-day exponential moving average of $1.76, the 100-day EMA of $1.97, and the 200-day EMA of $2.16. All three moving averages are trending downward, reinforcing the bearish trend. The Moving Average Convergence Divergence (MACD) remains below the signal line and under zero. Meanwhile, the red histogram bars are shrinking, indicating a slowdown in bearish momentum. However, the Relative Strength Index (RSI) at 32, close to oversold territory, suggests weakening market strength, while the downward trendline from the all-time high of $3.66 prevents any rebounds, with resistance near $2.13, limiting recovery attempts. Daily chart of XRP/USDT Although the MACD is still below the signal line, it is poised to cross above it. This scenario could encourage traders to take on more risk and support a steady recovery toward the start of this week at $1.43. Still, XRP remains volatile, and the correction could extend to its October 10 low of $1.25.

- The XRP MVRV-Z indicator suggests the possibility of reaching its lowest level: XRP has experienced a general downtrend amid price volatility since reaching its all-time high of $3.66 in July. The coin hit its lowest point of the year at $1.12 on February 6 amid overselling conditions. Although an immediate rebound pushed XRP to $1.54 on the same day, opposing factors still limit its upward movement. Meanwhile, the MVRV-Z indicator, a measure of whether XRP is overvalued or undervalued relative to its fair value, dropped into negative territory in early February, indicating that the coin may have reached its lows. Despite the varying durations that the MVRV-Z indicator remains in negative territory, historical data shows that sustainable recovery often precedes such scenarios. For example, in July 2024, when the MVRV-Z indicator hit -0.13, XRP's price rose from $0.45 to $2.91 by December of the same year. Therefore, there is a high likelihood that the digital asset has bottomed out and is on the verge of a prolonged recovery, as the MVRV-Z indicator remains at -0.13. XRP MVRV-Z Indicator | Source: Glassnode Despite the potential positive outlook suggested by the MVRV-Z indicator, rising foreign exchange reserves paint a different picture that could hinder recovery. According to Glassnode data, the cumulative cross-border remittance balance increased to approximately 12.99 billion XRP on Thursday, after a slight decrease to 12.93 billion XRP on February 8. Although this increase is relatively modest, caution is warranted, as it raises the amount of XRP available for sale in the open market. Investors are transferring their holdings to trading platforms amid market volatility, aiming to sell and reduce risk. XRP Trading Reserves | Source: Glassnode