XRP has dipped to a lower value of $0.5281 as of the time of writing. This signifies a 0.95% decrease in the last 24 hours, yet a 1.68% increase over the past 7 days. Of notable concern is the potential for XRP to experience further declines in the coming days, unless volatility subsides, allowing room for a bullish trend.

Two significant technical indicators suggest a bearish trend in the near term: the hourly MACD and Hourly RSI. The latter sits below 50 points, while the hourly MACD is trending towards the bearish zone. Any decrease in value may primarily impact traders looking to buy during dips.

The next notable support levels stand at $0.5250 and $0.5185, with resistance levels at $0.5350 and $0.5450. Bulls are currently striving to prevent further decline in XRP, aiming to keep the wave above the 61.8% Fib retracement level. However, there's a possibility of XRP dropping to $0.5015, potentially leading to further decline to $0.49.

These predictions for XRP's performance and valuation are subject to change. Although the token experienced a steady increase, maintaining $0.5420 for a while and even reaching a high of $0.5571, a new decline has begun from the recent peak.

Market conditions are unlikely to reverse without significant changes. Experts liken this trend to the patterns seen with Bitcoin and Ethereum, which previously consolidated within a narrow range before breaking out to higher levels. BTC is nearing the $70,000 mark, possibly reaching a new ATH beyond $75,000, while ETH is approaching a $4,000 valuation, driven by speculation surrounding the approval of the Spot ETH ETF.

For XRP, the goal is to uphold resistance levels and establish a new benchmark at $0.5650, far from its actual ATH above $2. Aligning factors could potentially propel the token to $0.800 by the end of this year and $1.5 or $2 by 2025.

At the time of drafting this article, there was a noticeable dip of 1.09% in market cap and a decrease of 36.915 in 24-hour trading volume.