{"id":546187,"date":"2024-08-08T12:30:43","date_gmt":"2024-08-08T12:30:43","guid":{"rendered":"https:\/\/uniquehot.com\/?p=546187"},"modified":"2025-06-11T07:55:51","modified_gmt":"2025-06-11T07:55:51","slug":"crypto-analyst-deciphers-xrp-price-movement","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/crypto-analyst-deciphers-xrp-price-movement\/","title":{"rendered":"Crypto Analyst Deciphers XRP Price Movement: What’s Next For The Altcoin?"},"content":{"rendered":"

One of the leading names in the crypto analysis sector, Michael van de Poppe, recently shed light on XRP’s price movements. Known for his crypto observations, his latest tweet<\/a> has stirred conversations in the crypto community, especially pertaining to Ripple\u2019s native cryptocurrency, XRP.<\/span><\/p>\n

In his most recent analysis, van de Poppe indicated that XRP’s price movement is now at a critical juncture.\u00a0<\/span><\/p>\n

XRP Entering The ‘Area Of Interest’<\/span><\/h2>\n

Particularly, according to Michael van de Poppe’s tweet, XRP is currently moving into what he terms an ‘area of interest’ on its weekly chart. This essentially points towards potential pivotal moments in the coin’s price trajectory that can be significant for traders.<\/span><\/p>\n

Related Reading: Ripple Report Foresees Blockchain Saving Financial Institutions $10 Billion By 2030<\/a><\/p>\n

\n

It’s $XRP<\/a> which is getting into the area of interests.<\/p>\n

Just be able to buy the dip. pic.twitter.com\/mBc71YtC2j<\/a><\/p>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) August 7, 2023<\/a><\/p><\/blockquote>\n

Based on his analysis, the current position of XRP may soon pave the way<\/a> for a favorable long-trade entry, aligning with the upcoming market cycle. Further expanding on this, he advised traders to remain vigilant and consider buying the dip in the impending weeks.<\/span><\/p>\n

This comes at a time when XRP’s price has seen a decline of over 10% in the past two weeks, a movement influenced heavily by developments with the Securities and Exchange Commission (SEC)<\/a>. As recent data shows, the altcoin experienced a decrease of 10.8% over the previous seven days, positioning its trading value above $0.6.<\/span><\/p>\n

Understanding The Factors Behind The Dip<\/span><\/h2>\n

So, what prompted this dip in XRP’s value<\/a>? Van de Poppe’s analysis provides a perspective. He emphasizes that the significant price fall XRP experienced over the last month is majorly attributed to long-term holders. These holders, witnessing the surge or “heavy impulse” in XRP’s price, saw it as an opportune moment to offload their holdings<\/a>.<\/span><\/p>\n

\"XRP
XRP analysis by Micha\u00ebl van de Poppe. | Source: X (Twitter)<\/a><\/figcaption><\/figure>\n

Additionally, another notable observation from van de Poppe is the current “lack of interest” in the cryptocurrency markets. This diminished interest, according to the analyst, is responsible for more pronounced price corrections compared to what’s usually seen during bull market cycles. <\/span><\/p>\n

Such market sentiment can significantly influence how cryptocurrencies, including XRP, perform and are perceived by potential investors.<\/span><\/p>\n

Related Reading: XRP Journey To $10: Unveiling The Forces That Could Trigger An Upward Momentum<\/a><\/div>\n

Over the past 24 hours, XRP<\/a> has seen a slight dip of 0.5%. This price action has brought the altcoin to currently trade at a price of $0.61, at the time of writing. Notably, alongside its value, the asset’s market capitalization has also seen a significant plunge dropping by more than $4 billion, in the past week.<\/p>\n

XRP’s market cap is currently valued at $32.5 billion as of today, losing almost $4 billion compared to the value of $36.3 billion seen last Tuesday.<\/p>\n

\"XRP
XRP price is moving sideways on the 4-hour chart. Source: XRP\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

One of the leading names in the crypto analysis sector, Michael van de Poppe, recently shed light on XRP’s price movements. Known for his crypto observations, his latest tweet has stirred conversations in the crypto community, especially pertaining to Ripple\u2019s native cryptocurrency, XRP. In his most recent analysis, van de Poppe indicated that XRP’s price movement is now at a critical juncture.\u00a0 XRP Entering The ‘Area Of Interest’ Particularly, according to Michael van de Poppe’s tweet, XRP is currently moving into what he terms an ‘area of interest’ on its weekly chart. This essentially points towards potential pivotal moments in the coin’s price trajectory that can be significant for traders. Related Reading: Ripple Report Foresees Blockchain Saving Financial Institutions $10 Billion By 2030 It’s $XRP which is getting into the area of interests. Just be able to buy the dip. pic.twitter.com\/mBc71YtC2j \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) August 7, 2023 Based on his analysis, the current position of XRP may soon pave the way for a favorable long-trade entry, aligning with the upcoming market cycle. Further expanding on this, he advised traders to remain vigilant and consider buying the dip in the impending weeks. This comes at a time when XRP’s price has seen a decline of over 10% in the past two weeks, a movement influenced heavily by developments with the Securities and Exchange Commission (SEC). As recent data shows, the altcoin experienced a decrease of 10.8% over the previous seven days, positioning its trading value above $0.6. Understanding The Factors Behind The Dip So, what prompted this dip in XRP’s value? Van de Poppe’s analysis provides a perspective. He emphasizes that the significant price fall XRP experienced over the last month is majorly attributed to long-term holders. These holders, witnessing the surge or “heavy impulse” in XRP’s price, saw it as an opportune moment to offload their holdings. Additionally, another notable observation from van de Poppe is the current “lack of interest” in the cryptocurrency markets. This diminished interest, according to the analyst, is responsible for more pronounced price corrections compared to what’s usually seen during bull market cycles. Such market sentiment can significantly influence how cryptocurrencies, including XRP, perform and are perceived by potential investors. Related Reading: XRP Journey To $10: Unveiling The Forces That Could Trigger An Upward Momentum Over the past 24 hours, XRP has seen a slight dip of 0.5%. This price action has brought the altcoin to currently trade at a price of $0.61, at the time of writing. Notably, alongside its value, the asset’s market capitalization has also seen a significant plunge dropping by more than $4 billion, in the past week. XRP’s market cap is currently valued at $32.5 billion as of today, losing almost $4 billion compared to the value of $36.3 billion seen last Tuesday. Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":524613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[89062,6664,3680,4531,78763],"class_list":["post-546187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-altcoin-n","tag-crypto","tag-ripple","tag-xrp","tag-xrpusdt"],"acf":[],"yoast_head":"\nCrypto Analyst Deciphers XRP Price Movement: What's Next For The Altcoin?<\/title>\n<meta name=\"description\" content=\"One of the leading names in the crypto analysis sector, Michael van de Poppe, recently shed light on XRP price movements. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Deciphers XRP Price Movement: What’s Next For The Altcoin?","url":"http:\/\/uniquehot.com\/news\/ripple\/crypto-analyst-deciphers-xrp-price-movement\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ripple\/crypto-analyst-deciphers-xrp-price-movement\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/XRP-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/XRP-2.jpeg?fit=1140%2C815"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin n","crypto","ripple","xrp","xrpusdt"],"dateCreated":"2024-08-08T12:30:43Z","datePublished":"2024-08-08T12:30:43Z","dateModified":"2025-06-11T07:55:51Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Deciphers XRP Price Movement: What’s Next For The Altcoin?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/crypto-analyst-deciphers-xrp-price-movement\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/crypto-analyst-deciphers-xrp-price-movement\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/XRP-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/XRP-2.jpeg?fit=1140%2C815\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin n\",\"crypto\",\"ripple\",\"xrp\",\"xrpusdt\"],\"dateCreated\":\"2024-08-08T12:30:43Z\",\"datePublished\":\"2024-08-08T12:30:43Z\",\"dateModified\":\"2025-06-11T07:55:51Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/XRP-2.jpeg?fit=1140%2C815","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/546187"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=546187"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/546187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/524613"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=546187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=546187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=546187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}