XRP Price Prediction: Is the Altcoin Market’s New Bullish Momentum Starting with XRP?

The XRP price today is $2.81, with a 24-hour trading volume of $7,035,163,846. The token has slipped 2.35% in the past day, ranking #4 by market cap at $166.89 billion.

With 59.48 billion XRP in circulation out of a 100 billion max supply, the asset is approaching key support levels that could determine whether it sparks the next altcoin rally.

Market Pressure Weighs on XRP

Ripple’s XRP has been struggling to reclaim ground above $3.00. A broader crypto selloff, triggered by Bitcoin’s slide to a seven-week low and Ethereum’s pullback after billions in expiring options, has amplified weakness across altcoins.

Tokens like Cardano (ADA), Dogecoin (DOGE), and Sui (SUI) also recorded steep losses.

Macro headwinds are adding to the pressure. Fed says rate cuts may come slower than expected, inflation and a strong US economy mean no demand for risk, Wall Street tech giants drag down equities after NVIDIA’s AI outlook softens, risk...

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