BTC
$102,448.06
+0.97
ETH
$3,455.12
+3.44
LTC
$100.42
+11.31
DASH
$83.29
-28.94
XMR
$362.30
-0.81
NXT
$0.00
+0.97
ETC
$16.85
+5.88
DOGE
$0.18
+8.67
ZEC
$567.83
-9.79
BTS
$0.00
+6.15

XRP Price Dips 4% As Bayberry Capital Says It’s Undervalued

Join Our Telegram channel to stay up to date on breaking news coverage

The XRP price dropped 4.7% in the past 24 hours to trade at $2.32 as of 2:47 a.m. EST on trading volume that plunged 12% to $5.16 billion.

The slide comes even as analysts at Bayberry Capital argue the Ripple-affiliated token remains massively undervalued.

The private investment firm said XRP trades far below its intrinsic value and said the market continues to misprice XRP because it “misunderstands the asset’s purpose”. 

Bayberry thinks investors overlook its serious payment infrastructure and pointed to growing real-world usage, from Ripple’s banking partnerships to rising on-chain activity. 

XRP Price Stuck In Golden Pocket, Is A $5.20 Breakout Possible?

Despite the pullback, XRP’s chart shows both solid support and lingering resistance. On the 3-day timeframe, the coin remains above a major support zone between roughly $1.90 and $2.20 that cushioned the latest selloff. 

This region coincides with the 50% Fibonacci retracement ($1.94) of XRP’s 2024–25 bull run. Holding above that zone could prevent a deeper drop toward the next Fib supports around $1.60 (golden pocket) or even $1.12.

However, the XRP price also faces resistance overhead. The 50-day simple moving average near $2.75 has repeatedly capped recent bounce attempts. A decisive break above that level would be needed to signal any trend reversal.

On the flip side, the 200-day SMA around $1.71 sits far below as a firm backstop if things turn south. For now, the price is stuck consolidating just above the golden pocket region, indicating neither bulls nor bears have a clear upper hand. The chart’s coiling pattern could precede a sharp move in either direction.

However, if sentiment flips bullish again a significant upside target looms at around $5.20 according to the technical analysis. But the Ripple token needs to first reclaim the mid-$3 range, with $3.40 as a major hurdle. Clearing that resistance would open the door to new all-time highs.

If the conditions flip to favorable, a renewed rally could see XRP push into the $5+ range. Macro factors and regulation will likely play a big role in whether XRP can pull off a comeback through 2026. 

A move above $2.75 would likely confirm the start of a new uptrend, potentially propelling prices toward the $4–$5 range by late 2025 or early 2026. 

Conversely, a breakdown below $1.90 could invite deeper correction toward $1.60, where stronger long-term buyers may step in. Overall, XRP’s technical setup remains cautiously bullish, with clear support and resistance zones defining its next decisive move.

Related News:

Best Wallet – Diversify Your Crypto Portfolio

Best Wallet
  • Easy to Use, Feature-Driven Crypto Wallet
  • Get Early Access to Upcoming Token ICOs
  • Multi-Chain, Multi-Wallet, Non-Custodial
  • Now On App Store, Google Play
  • Stake To Earn Native Token $BEST
  • 250,000+ Monthly Active Users

Best Wallet


Join Our Telegram channel to stay up to date on breaking news coverage

Credit: Source link

Leave A Reply

Your email address will not be published.