XRP at stake: Analysts predict a serious correction ahead, urgently calling for bulls to enter the market

🌊 Crypto Assets analyst CoinsKid noted that XRP is currently at a critical juncture. The analyst expressed concern about the Token's near-term outlook and stressed the urgent need for bullish momentum to prevent a sharp decline.
Bull market should intervene quickly
In a post shared on X, CoinsKid highlighted that if the bulls don't step in soon, XRP could face a drastic "macro correction" and its price could fall to the $0.38 level. Prior to this warning, the price of XRP had fallen at one point, and the asset had been struggling to hold its value.
"It's time to squeak," the analyst said. TICK TOCK", highlighting the urgency and nervous expectations surrounding the XRP price action in the coming days.
🌀 This sentiment reflects widespread concerns among XRP investors and market watchers. The lack of bullish activity in the recent period has left XRP vulnerable to further losses, raising fears that it could fall to its lowest level in months.
A possible drop to $0.38 would mean a loss of value, signaling a new phase of uncertainty for Crypto Assets. At this time, the broader Crypto Assets market is experiencing its own challenges, with various assets facing downward pressure.
🌊XRP price action and bearish confirmation
XRP's recent market performance is far from reassuring its holders. Over the past week, the asset has fallen by more than 10%, and so far this bearish trend shows no signs of abating. The alternative coin is trading below $0.53, down nearly 5% in the last 24 hours.
🌀 Crypto Assets analyst Ali further confirmed the downward trajectory, noting that if XRP breaks above the $0.55 mark, the Token could fall to $0.34. Such a drop would take the alternative coin to a level not seen since April 2023, which is a worrying prospect for investors and the XRP community.
Still, XRP's daily trading volume has remained relatively stable, fluctuation between $1.4 billion and $1.2 billion over the past week. At the time of writing, Altcoin has around $1.28 billion in trading volume.
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