XRP News: Price Decline Amid High Risk Sentiment, But Signs of Bottom and Lawyer’s Advice to Accumulate

In the latest development for Ripple’s XRP, the cryptocurrency experienced a 10% decline on Monday, trading at around $1.96. Despite the negative sentiment in the market, there are signs that the price may have bottomed out. Additionally, pro-XRP lawyer John Deaton is advising financial advisors to consider accumulating crypto assets, particularly XRP, in the current market environment.

Ripple (XRP) Price Analysis: Bettors Mount Pressure Amid Signs of Bottom

Ripple’s XRP declined 10% on Monday, trading around $1.96 at press time after odds of its price plunging below $2.00 skyrocketed to 81% on prediction platform Polymarket. Despite the high risk-off sentiment, XRP’s 30-day market Value to Realized Value (MVRV) Ratio indicates prices may have found a bottom.

John Deaton Urges Financial Advisors to Accumulate Crypto

Pro-XRP lawyer John Deaton is urging financial advisors to advocate for crypto accumulation amid evolving regulations and increasing institutional interest. Market uncertainty is testing investors’ confidence in the “buy the dip” strategy, but Deaton believes these factors indicate that a market rebound could be on the horizon. Despite the cryptocurrency market remaining in a bearish trend, Deaton sees potential in crypto assets.

Ripple (XRP) Price Predictions for This Week

XRP buyers are holding strong at $2, but face increasing pressure from sellers. Despite market volatility, XRP has managed to remain above $2, a level tested five times since December 2024. However, the bearish momentum is intensifying, and buyers need to push the price higher to maintain control. As long as XRP holds above $2, its bullish uptrend remains intact.

What Will XRP’s Price Be If SEC Dismissed Ripple Lawsuit This Month?

Ripple (XRP) is one of the leading tokens in the current cryptocurrency space. The token has spent most of the year fighting a legal battle with the US SEC. With XRP now part of Trump’s crypto reserve, there are speculations about the US SEC dismissing the highly anticipated XRP case, which could liberate XRP from legal barriers.