XRP Price Volatility: Will It Drop to $0.87 or Spark a Bull Run?

Ripple's (XRP) price has been fluctuating in recent times, with some analysts predicting a drop to $0.87 and others forecasting a new bull run.

The asset currently trades at around $1.07, which is a 5% decline over the past week. According to X user Diana, if the price falls below $1.08, it could trigger a final shakeout to lower levels, potentially reaching the $0.90-$0.93 liquidity zone and then bouncing back above $1 before ultimately dropping to $0.87.

CryptoPotato also noted that the $1.08 level remains strong resistance, indicating a bias towards sellers and potential further declines in the short term.

An additional factor contributing to XRP's downward pressure is the waning interest in spot XRP ETFs, which has seen inflows consistently surpassing outflows until recently. This shift in investor sentiment may be a sign of growing bearishness in the market.