Bitcoin and many altcoins gained value shortly before the halving, showing signs of market recovery. However, the recovery trend remained weak as XRP Coin failed to rise above the levels achieved last year. We highlight the current situation by reviewing current market forecasts and expectations for XRP Coin.

Weak Performance on XRP Coin

XRP Coin's performance in recent weeks may be due to the lack of interest shown by institutional investors in particular. According to CoinShares' report, while there was only an inflow of 100 thousand dollars into XRP, much higher amounts were invested in other altcoins.

The Future of XRP Coin

XRP Coin is going through difficult times due to increasing circulating supply and possible massive sell-offs. Although its price was around $0.61 at the time of writing, it remains below $0.65. The slowdown in network growth and the Ichimoku Cloud indicator show that the price is giving bearish signals. Additionally, inflation data in the US is expected to impact the market.

#BitcoinDunyamiz

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