$XRP Will decline for short term:
Analysts are generally divided about XRP's near-term movement, especially with the recent legal developments involving the SEC appeal. Some point to bearish indicators, including a drop in buying pressure and rising selling from short-term traders, as a sign of potential declines in XRP's price. If support levels break, XRP could see a further drop, possibly to $0.50 or even lower, around $0.38, according to some estimates. This is reinforced by a high Network Value to Transactions (NVT) ratio, suggesting XRP may be overvalued relative to its transaction volume, a potential warning signal for continued declines.
On the other hand, the long-term outlook remains more optimistic. Some analysts believe that XRP’s use case in cross-border payments and its strong position in the financial services industry could drive eventual recovery and growth, especially if broader crypto market conditions improve.
In the short term, however, much of XRP's trajectory may depend on broader market sentiment and any developments in its legal situation. Investors should closely watch key support and resistance levels to gauge the trend.