Macro Analyst Reveals Why XRP Fails to Hold $3

Key Points

1. XRP briefly surpassed $3 on July 14 but quickly dropped by nearly 8%, with analysts attributing the volatility to profit-taking ahead of the ProShares XRP Futures ETF launch.

2. Versan claims XRP's real value is intentionally obscured due to its potential to disrupt traditional financial systems, citing its use in real-time settlement and cross-border liquidity.

3. XRP remains correlated with Bitcoin's four-year halving cycle, limiting its ability to move independently based on fundamental value.

4. The upcoming ProShares XRP Futures ETF is seen as a key catalyst, with analysts watching for a decisive close above $3.10 to signal further upside.

5. On-chain data shows robust accumulation and wallet activity, with traders predicting a potential 60% rally to $4.47 based on chart patterns.