The XRP market is facing short-term downward pressure due to multiple fundamental factors, including competitive pressure from SWIFT, significant sell-offs by whales, and tightening regulations in South Korea. Extreme RSI readings suggest a potential for a short-term rebound, but caution is advised until underlying concerns are resolved. The market bias is neutral, although bearish factors prevail.

Fundamental Analysis * Solana Treasury Companies Adopt Crypto Treasury Strategy The adoption of corporate crypto treasury strategies within the Solana ecosystem mirrors a trend initially set by Bitcoin and Ethereum, potentially contributing to SOL's price appreciation. When companies hold cryptocurrencies as treasury assets, it is expected to bolster market confidence and attract new capital inflows, potentially serving as a crucial factor for SOL's long-term price stability and growth. * Kalshi Raises $300 Million to Expand Prediction Markets to 140 Countries Kalshi's substantial funding round accelerates the growth and adoption of prediction markets. This expansion allows a broader investor base to trade on event outcomes, potentially creating new avenues into the cryptocurrency market. As prediction markets mature as financial instruments, they highlight diverse use cases for crypto, possibly leading to increased overall market activity. * SWIFT's Blockchain Challenges Ripple's Payment Dominance SWIFT's blockchain-based payment system initiative poses a significant competitive threat to the cross-border payments market, largely dominated by Ripple's XRP, owing to its high compatibility with existing international remittance infrastructure. Leveraging its established and extensive banking network is expected to facilitate the adoption of swift and cost-effective payment solutions. This development could potentially diminish XRP's market share and exert downward pressure on its price. * CZ Targeted by State-Sponsored Hackers in Google Account Attack The targeting of Binance co-founder CZ by state-sponsored hackers underscores the reality that major cryptocurrency exchanges and their key figures are prime targets for sophisticated cyberattacks. Such incidents can amplify concerns about overall market security, potentially deterring institutional investor participation. Any perceived impact on Binance's credibility could indirectly influence the price of BNB. * Bitcoin Price Drop to $118,000 Range Predicted, but Expected to be Short-Lived While a potential decline for Bitcoin towards the $118,000 range is indicated, analysts anticipate this correction to be temporary. This suggests a high likelihood that the market will maintain its medium-to-long-term upward trajectory despite short-term adjustments. A "healthy" reset, potentially driven by futures contract liquidations, is viewed as laying the groundwork for a more sustainable bull market. * XRP Faces Potential Price Decline Amid $50 Million Daily Whale Sell-offs Ongoing sell-offs by XRP whales (large holders) are exerting direct downward pressure on the price. Daily sell-offs amounting to $50 million could deteriorate short-term market sentiment, potentially triggering further declines. Analyses indicating that XRP's descending triangle pattern is targeting $2.20 suggest a continued bearish outlook, advising investors to exercise caution. * South Korea Intensifies Crypto Seizures, Including Cold Wallets South Korea's increased enforcement against cryptocurrency tax delinquents introduces a new risk factor for asset holders. The potential seizure of assets held even in cold wallets is a significant concern for privacy-conscious crypto users. This measure may heighten the psychological barrier to holding cryptocurrencies domestically, potentially driving capital flight from the market. * Jack Dorsey Advocates for Tax Exemption on Routine Bitcoin Payments Jack Dorsey, founder of Square, has advocated for tax exemptions on small-value Bitcoin transactions, a move that could promote the adoption of Bitcoin as an everyday payment method. If implemented, this proposal could increase transaction volume and enhance Bitcoin's utility, potentially driving long-term price appreciation. * EU Considers Euro-Denominated Stablecoin to Counter Dollar Dominance The European Union (EU) is exploring the creation of Euro-denominated stablecoins, a move aimed at reducing reliance on the US dollar and bolstering the Eurozone's financial sovereignty to counter dollar dominance. This initiative could foster competition within the stablecoin market and generate new investment opportunities. Widespread adoption of Euro-denominated stablecoins would likely improve the convenience of crypto payments across the EU, contributing to market expansion. * Bitdeer Doubles Down on Self-Mining Amid Weakening Rig Demand Bitdeer's strategic move to significantly scale up its self-mining operations, amid softening demand for mining rigs, signals structural shifts within the Bitcoin mining industry. In-house mining provides diversification of revenue streams and enhances cost efficiencies. This strategy is pertinent given the rising Bitcoin mining difficulty, which could impact the profitability of mining operators. Overall Summary While positive developments, such as ETF-related news facilitating institutional adoption and the expansion of prediction markets, provide tailwinds, counterbalancing factors including cybersecurity risks, regulatory tightening, and selling pressure from large holders introduce market uncertainty. Short-term price volatility is expected, but major cryptocurrencies, led by Bitcoin and Ethereum, appear poised to sustain their medium-to-long-term upward trend, underpinned by increasing utility and ongoing infrastructure advancements.

Key downside risks for XRP include competitive pressure from SWIFT, continued selling by whales, and stricter regulations in South Korea. These factors could undermine confidence and trigger further price declines. Following the recent sharp decline, short-term support levels appear vulnerable. The psychological threshold of $3.00 is critical, and breaking below it could lead to further declines. Whale outflows and regulatory developments are the primary factors to monitor.

Over the next 24-48 hours, volatility is likely to persist, caught between oversold conditions and selling pressure. Short-term bounces may prove unsustainable. In the medium term (1-week outlook), should selling pressure from whales continue, the bearish trend is likely to persist. A recovery hinges on the emergence of substantial buying demand. Partnership announcements involving Ripple and changes in whale activity are key catalysts to watch.

The XRP market faces multiple headwinds, including intensifying competition from SWIFT, persistent selling pressure from whales, and stricter regulations in South Korea, leading to a predominantly bearish short-term sentiment. However, extreme RSI readings suggest the possibility of a short-term technical bounce, indicating complex market dynamics. Overall, we assess XRP's short-to-medium term outlook as neutral, but far from bullish. A sustained uptrend is unlikely to form unless fundamental concerns are addressed. As for investment strategy, aggressive accumulation at this point is not recommended. Instead, cautious entries during further declines below $3.00, or short-term day trading on bounces, should be considered. Profit targets should be set in the $3.50-$4.00 range, with strict stop-loss levels placed below $3.00. This week, maintaining the $3.00 support level is the key monitoring point. A break below this level heightens the risk of further declines. Prioritizing risk management and keeping position sizes small is crucial. Let's execute strategies aligned with realistic risk tolerance, while remaining hopeful about the market's evolution.