XRP traded sideways on Sunday after a volatile week in the broader crypto market, as holders digested mixed analyst signals.
Notably, over the past seven days, the cryptocurrency slipped by roughly 2%, reflecting broader selling pressure weighing on major digital assets.
Meanwhile, David Schwartz, CTO Emeritus at Ripple, sparked renewed debate within the XRP community after he clarified remarks he made years earlier about the asset’s price.
Schwartz addressed the frequently cited statement that “XRP cannot be dirt cheap,” explaining that his comment was often misunderstood.
According to him, the remark was never meant to promote a specific price target for investors, but rather to describe how the digital asset functions within payment systems.
 
He pointed to an earlier 2017 explanation to illustrate his reasoning. In that post, Schwartz argued that the absolute price of XRP is less important than the value being transferred in a transaction.
The clarification highlights a core design feature of the XRP Ledger; the token acts as a bridge asset that facilitates transfers between different currencies.
In such a system, the price per token primarily determines the number of units required for a transaction rather than the overall cost of moving value.
Additionally, analyst ChartNerd suggested that XRP may establish a strong price foundation in the coming years before launching into a major rally.
According to the pundit, 2026 could become a pivotal period for the asset as long-term developments within the Ripple ecosystem continue to expand.
“XRP will build a high-conviction price floor in 2026,” ChartNerd stated.
“Those foundations will set up the greatest uprising to date. Few are building out like Ripple, and few will keep up with XRP when the markets move,” he added.
However, the analyst also warned that the token could still face additional downside in the near term if key support levels fail. A potential retest of the $0.80 to $0.70 range, he noted, would align with the current structure of the XRP/BTC trading pair.
Furthermore, analyst CasiTrades echoed a cautious outlook, noting that XRP recently broke below the $1.31 support level.
According to the analyst, that breakdown could trigger further downside toward the $1.05–$1.09 zone, which aligns with a major Fibonacci retracement level.
The analyst believes such a move would complete a significant corrective wave before a potential short-term rebound. If that scenario unfolds, XRP could briefly bounce before experiencing one final decline toward the $0.87 macro support area.
Moreover, analyst Xaif Crypto pointed to XRP’s liquidation heatmap, highlighting two large liquidity clusters near $1.28 and $1.35.
With the asset currently trading near the midpoint of those levels, the analyst suggested that market makers could soon push the price toward one of the liquidity zones.
“Both sides are loaded,” Xaif Crypto said, adding that whichever direction the price moves next could trigger a sharp and volatile reaction.
At press time, XRP was trading at $1.34, reflecting a 4.80% surge in the past 24 hours.
Be the first to comment