Buying Interest Plummets 11%... Ripple (XRP) Forecast to Hit $0.90

XRP's buying interest plummets... with a warning of a $1 collapse, a forecast of $0.90 emerges

▲ XRP/AI generated image ©

According to Watcher.Guru, a cryptocurrency specialized media outlet, on July 2 (local time), an analysis emerged that the possibility of further decline in the coming weeks is increasing as buying interest in XRP (Ripple) significantly weakened. TradingView data showed an 11% decrease in buying activity, and the outlet reported that if this trend continues, XRP could be pushed down to the $0.90 range.

The outlet analyzed that XRP is currently approaching a critical psychological support level, and its future price direction depends on market momentum. Long-term investors are not actively buying even at this year's lowest price levels, explaining that an atmosphere of waiting to enter after confirming the bottom is forming. Furthermore, with the weakening upward momentum of the overall cryptocurrency market, including Bitcoin (BTC) and Ethereum (ETH), meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) have also moved away from market interest, it added.

Watcher.Guru also raised the possibility that if buying pressure weakens further, XRP could follow a similar trend to Cardano's ADA. ADA is currently trading around $0.15, and it assessed that XRP could face a similar situation if it fails to regain investor interest.

The outlet analyzed that the recent shift of market funds to the artificial intelligence (AI) industry is also a burden on the cryptocurrency market. While the enterprise values of AI-related companies, power, high-bandwidth memory (HBM), and GPU chip suppliers continue to rise, the inflow of funds into the cryptocurrency market is slowing down, it explained.

Currently, XRP is trading around $1.05, testing the $1 mark. The outlet predicted that if XRP, which recorded an all-time high of $3.65 last July, falls to $0.90, it would represent a decline of approximately 71% from its peak, and would result in giving back most of the gains accumulated over more than a year.

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