Will the XRP Price Drop Further From Here? Here’s the Forecast

Crypto analyst Joao Wedson, in his assessment of $XRP price movements, indicated that the market may not have fully bottomed out yet. According to Wedson, current data suggests that a further short-term pullback for $XRP is possible.

In his analysis, Wedson particularly highlighted the “number of days in profit” metric. This indicator provides important clues about the market’s maturity level by measuring when the current price was last compared to higher levels in the past.

According to the analyst, historically, this metric reaches much higher levels during periods when market bottoms are formed. However, currently, $XRP appears to be remaining below these critical thresholds. This indicates that the market has not yet reached a level of maturity similar to the bottom structure seen in previous cycles.

Based on this data, Wedson states that $XRP either needs to spend more time or experience a further decline to form a healthier bottom structure. The analyst adds that the current outlook does not yet fully confirm classic bottom signals.

*This is not investment advice.