2024

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Shiba Inu

<ul>
 <li>XRP faces a bearish trend, down 11.99% Year-to-Date despite a 21.6% increase in 24-hour trading volume.</li>
 <li>XRP’s uptrend since July 2023 and a 42.09% growth over the past year counter criticisms within the community regarding its slower pace.</li>
 <li>Contrary to the current gloom, projections suggest a positive long-term outlook for XRP.</li>
</ul>
<p>XRP has grappled with a bearish commencement in 2024, witnessing a 0.80% decline in its price, settling at $0.547328 in the past 24 hours.&nbsp;</p>
<p>This downtrend is accentuated by an 11.99% Year-to-Date decline, positioning XRP as a comparatively underperforming asset within the crypto space. Amidst the prevailing gloom, however, a positive narrative emerges within the on-chain data.&nbsp;</p>
<p>Over the last 24 hours, <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">XRP</a> has experienced a noteworthy 21.6% surge in trading volume, reaching $1,113,770,780. Despite this surge in trading activity, a substantial price increase has yet to materialize, with the coin’s seven-day growth witnessing an 8.29% decline.</p>
<p>Critics within the XRP community have voiced concerns about the coin’s slower growth in comparison to its counterparts. Noteworthy figures such as Ripple CTO <a href="https://x.com/JoelKatz/status/1745157446145036477?s=20" rel="noopener noreferrer nofollow">David Schwartz</a> and market analyst DustyBC Crypto have staunchly defended XRP, highlighting its consistent uptrend throughout the past year.&nbsp;</p>
<p>DustyBC Crypto’s comprehensive chart, spanning from July 2023, delineates a predominant uptrend interspersed with corrective phases, countering the prevalent negativity.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">You can hate on <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> all you want, but it's been in an uptrend for over a year straight <a href="https://t.co/mQFNrV3pqJ" rel="noopener noreferrer nofollow">pic.twitter.com/mQFNrV3pqJ</a></p>— DustyBC Crypto (@TheDustyBC) <a href="https://twitter.com/TheDustyBC/status/1748163365829238914?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 19, 2024</a>
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<p>While XRP has encountered difficulty breaching the $1 resistance point since November 2021, the coin exhibits resilience, boasting a commendable 42.09% growth over the past year. Analysts, including market expert Dark Defender, inject a sense of optimism amid the current bearish sentiment. Dark Defender holds a <a href="https://x.com/DefendDark/status/1737552819127808276?s=20" rel="noopener noreferrer nofollow">positive outlook</a>, envisioning a potential ascent to $5.85 in the long term.</p>
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<p>The post <a href="https://cryptonewsland.com/xrp-faces-bearish-2024-start-but-analysts-predict-bullish-turnaround/" rel="noopener noreferrer nofollow">XRP Faces Bearish 2024 Start, but Analysts Predict Bullish Turnaround</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

XRP Faces Bearish 2024 Start, but Analysts Predict Bullish Turnaround

Crypto News Land

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