Ripple Wins, Powell Speaks Out—But XRP Price Remains Unchanged: Reasons

XRP continues to surprise traders as it is almost unaffected by the major catalysts in the crypto market. Despite Ripple's court victory in the lawsuit against the SEC and Jerome Powell's recent speech at Jackson Hole sparking the bullish trend of Bitcoin and Ethereum, XRP still trades within a narrow range. This unusual separation has led investors to question why XRP is trading differently from other top altcoins. To understand XRP's subdued price reaction, it is necessary to take a closer look at liquidity, investor sentiment, regulatory oversight, and its practical utility. The price volatility of XRP is not random but is related to strong market factors and investor behavior shaping the volatility of this token. Below are some examples. Catalyst for price: The Ripple lawsuit against the SEC has dominated crypto news for years, with speculators reacting to every filing, ruling, and comment throughout the process. Due to this long-standing anticipation, most outcomes have been reflected in the pricing of XRP. Liquidity & Market Depth: Unlike smaller altcoins, XRP is traded with high liquidity on global exchanges. While a lesser-known altcoin may surge 30% due to speculation, XRP requires a large influx of capital to break through its established range. Investor sentiment: The "XRP Army" has long believed in Ripple's banking and payment story, with a long-term mindset. This creates a group of investors less influenced by short-term macro factors or legal updates. Instead, they are willing to wait for milestones in adoption and support from institutions, forming a more committed and resilient investor community. Weak correlation with macro events: Bitcoin and Ethereum are often seen as risk assets, reacting strongly to inflation reports, interest rate guidance, or speeches by the Federal Reserve. In contrast, XRP has historically had a weaker correlation with such macro events. XRP does not trade as a speculative channel or macro risk hedge but rather resembles a utility token, making its price less affected by Powell's tone or Treasury bond yields. XRP Price Prediction: Will It Reach $10? XRP has experienced a significant price drop over the past few months, resulting in bullish momentum only within a narrow range. Although the start of the trading month has been quite positive, the current chart patterns indicate that bullish strength is fading. The question is: what could happen next for the XRP bullish trend?

After breaking through the final resistance level and setting a new ATH, the price of XRP is consolidating within a narrow range between 0.618 FIB and 0.786 FIB. However, the price has surged beyond this range but did not reach 1 FIB. Interestingly, the monthly CMF line has remained flat since 2018, indicating that no large liquidity flows have entered since then, but it has not dipped into negative territory either. On the other hand, the monthly RSI indicator continues to maintain a bullish trend and has also entered the overbought zone. Therefore, the price of XRP continues to maintain a bullish range and may eventually reach a new ATH, but considering the above points, reaching 10 dollars could be a difficult task for the third largest coin.