Is XRP\'s underperformance a sign to sell, or is "smart money" keeping it alive despite the sub-$1 price? While Bitcoin and Ethereum soared to new All-Time Highs (ATHs) during the 2nd half of the year, XRP struggled, failing to even cross the $1.50 threshold. Now, XRP is still trading under $1, even after the conclusion of its long-running legal battle with the SEC in August – the big bounce that many investors anticipated never materialized.
The question on every XRP holder\'s mind is: why? As the broader crypto market experiences a downturn, XRP has come under significant selling pressure, prompting discussions on how investors should respond. The XRP price prediction indicates strong resistance at $2.50 as whales unload large holdings, increasing selling pressure and limiting upward momentum. This raises serious concerns about XRP\'s ability to break free from its current slump.
However, the narrative isn\'t entirely bleak. While the ‘smart money’ buying in April can be comforting, other data points indicate the situation has yet to truly turn bullish once more. According to a Finbold report from [Date - insert current date or most relevant date for the Finbold report], there\'s evidence suggesting continued interest from institutional investors. This begs the question: Are these savvy investors accumulating XRP at these depressed prices, anticipating a future surge?
The argument for "smart money" accumulation rests on the potential of Ripple\'s technology and its use cases beyond simple cryptocurrency. The conclusion of the SEC case, while not a complete victory, did provide regulatory clarity that could attract further institutional investment. This regulatory clarity, coupled with Ripple\'s existing partnerships and focus on cross-border payments, positions XRP for potential long-term growth.
Ultimately, the decision of whether to hold or sell XRP depends on individual risk tolerance and investment horizon. While current market conditions are undeniably challenging, the presence of potential "smart money" accumulation suggests that some believe in XRP\'s long-term potential despite it being under $1. Careful research, diversification, and understanding the risks involved are crucial before making any investment decisions.