to leave a comment.
▲ XRP/AI generated image ©
As XRP (Ripple) has maintained the $1 mark even in a bear market, an outlook has emerged that the current price level could be a favorable entry point for long-term investors.
According to cryptocurrency media Watcher.Guru on August 16 (local time), XRP showed strong support around the $1 mark, except for a brief dip below $1 during trading on the 11th. This is in contrast to past bear markets where the price consistently stayed below $0.50.
The media cited an increase in investors who purchased XRP around $1 after the lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) concluded last year as a key support factor. Although the current price is higher than in previous bear markets, it is explained that the $1 level could be the bottom of this downward cycle.
Across the broader market, Bitcoin (BTC) entering its mining cost range is also drawing attention. This range has historically been considered the area where bear market bottoms formed. If Bitcoin gradually returns to an upward trend, XRP, which tends to follow the market, could also see a rebound.
The XRP spot Exchange Traded Fund (ETF) launched last year was also mentioned as a potential future growth driver. Although its effect was limited at the time of launch as the bear market had already begun, analysis suggests that if the market downturn is nearing its end, ETF capital inflows could increase again.
ETF funds acted as a major price driver in the market in 2025. Just as Bitcoin and Ethereum (ETH) hit all-time highs fueled by ETF inflows, a similar trend could emerge for XRP. However, this outlook is based on the premise that Bitcoin forms a bottom and ETF inflows recover.
*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
Newsletter
Get key news delivered to your email every morning
to leave a comment.