The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sign in to access this content
Sign InXRP continues to face selling pressure despite its ETFs recording $3.3 million in new inflows, even as on-chain activity on the XRP Ledger (XRPL) reached its second-highest level ever. Analysts highlight an unusual divergence between this surge in network utility and the unresponsive price action. Meanwhile, Standard Chartered has lowered its price target to $2.80, as Santiment data indicates the average wallet holds unrealized losses of 41%. These factors maintain the risk of a sharp 40% price correction below the $1.00 level in the near term. However, crypto experts are now urging investors to ignore current price weakness and focus on the significant institutional volume expected to flow through the blockchain in the future. Ripple remains committed to its ecosystem strategy to drive long-term growth and institutional adoption by 2027, as the market weighs network utility against technical bearishness.