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Ripple CEO Silent Amid Speculation About XRP Price
Ripple and the cryptocurrency XRP are facing speculative rumors about the possibility of the price falling to 1.80 dollars, although there are no official warnings or comments indicating such risks. This event highlights concerns about market stability despite the lack of any verified warnings from executives or regulators, as XRP is facing significant trading activities and analysis. Market analysis Ripple, under the leadership of CEO Brad Garlinghouse, has seen XRP fall from $2.25 to around $2.16 amid significant selling pressure. There has been no official statement or blog from the management indicating the risk of a price drop to $1.80. Brad Garlinghouse, the CEO of Ripple, stated: "There are no indications from Ripple's leadership that XRP is about to face a fall to the level of $1.80." Analysts believe that the technical resistance level is forming around $2.19, not mentioning the catastrophic sell-off. Historical data shows a price trend decrease of 5–10% during the sell-off but lacks any legal or regulatory catalyst. The value of XRP has fallen due to increased trading volume, unrelated to new institutional sell-offs or changes in capital sources. Although forecasts indicate a lower threshold near $2.09, no panic sell-off has been recorded. According to an anonymous market analyst, "The current forecast maintains a lower threshold above $2.09 for XRP, indicating a stable outlook despite recent selling pressure." The basic stable factors, such as the Total Value Locked (TVL) and liquidity pools, indicate that there is no volatility due to panic in other major tokens like BTC or ETH. The absence of any warnings from regulators suggests limited price volatility potential for XRP.
Ripple's strong position amid speculative pressure shows that market behavior is still dominated by broad trading patterns. Despite the circulating theories, expert commentary tends to predict resistance, emphasizing that improvements in macro conditions will drive price increases.