Crypto analyst 589Bull has challenged the narrative that claims “XRP is dead,” describing it as a misleading statement. He elaborated on the realities of the altcoin, encouraging market participants to maintain a positive outlook despite current market conditions.
Why XRP Remains Resilient Against Current Market Trends
In a recent post on X, 589Bull dismissed the assertion that XRP is finished, instead asserting that the altcoin is being integrated into future financial systems. According to the analyst, Ripple is developing the infrastructure needed, utilizing XRP to digitize liquidity and establish essential corridors in the market, while also emphasizing that retail investors may be shaken off as institutions and automated bots take center stage.
He advised retail investors to avoid chasing short-term hype or anxiously awaiting specific dates related to XRP’s performance. Instead, he suggests that the key to success lies in outlasting the surrounding doubts to eventually profit from the affirmative developments in XRP’s trajectory. 589Bull is optimistic about the potential for a significant price increase in the altcoin, urging investors to hold their positions and not succumb to market volatility.
Understanding XRP’s Current Fundamentals
When questioned about why XRP, despite having sound fundamentals, remains approximately 30% below its high from 2025, 589Bull provided a straightforward explanation: price alone does not reflect the underlying value. He argues that current pricing dynamics could be a strategic move to unsettle weaker investors before a forthcoming surge of altcoins to new all-time highs (ATHs). The analyst emphasizes that the objective is not to reward early holders, but rather to drive them out of the market.
While the retail sector is focused on current declines, 589Bull noted that institutional players are actively launching futures contracts, potentially referencing the newly launched Teucrium XRP ETF. He pointed out that institutions are also introducing international ISINs, onboarding banks to distributed ledger technology corridors, and preparing ETF applications discreetly. According to him, this is a matter of perception, where the louder the fear expressed, the more concealed the economic setup appears.
The Countdown for XRP
In a separate commentary from crypto analyst CasiTrades, it was indicated that XRP’s market structure remains unchanged, but time is of the essence. She observed that XRP continues to trade within the same range, having neither established new highs nor new lows recently.
However, she remarked that the altcoin made an attempt to break out in line with Bitcoin’s price movements but encountered resistance at the 0.618 retracement level, a typical area signaling market fatigue. CasiTrades noted that the quick rejection from this level is pushing XRP back toward key support levels.
Additionally, she reassured that the broader market narrative concerning XRP remains intact. To support any breakout aspirations, she mentioned that XRP likely needs to retest critical support zones like $1.90 and $1.55. CasiTrades expressed that any prolonged stagnation is unlikely, as the momentum in the crypto sector typically shifts rapidly.
As of the latest updates, XRP is trading at approximately $2.07, witnessing a near 2% decline over the past 24 hours, according to CoinMarketCap data.
