Ripple’s XRP Token fell to $ 2,4335 with the daily trading volume and futures open positions on Wednesday. According to Coings data, futures open positions were $ 7.45 billion in January, while Wednesday fell to $ 3.45 billion.

This shows that the demand for investor has decreased significantly in the last few weeks. The XRP’s daily volume was over $ 32 billion last week, now it has declined to $ 4 billion.

In the coming months, there are several important factors that can withdraw the XRP price. The probability of Spot Ripple ETF in Polymarket has increased over 80 %. According to JPMorgan, Spot XRP ETFs can invest more than $ 8 billion in the first year.

This stands out as a remarkable figure, because Spot Ethereum ETFs only provided $ 3 billion input. If Spot XRP ETFs can meet this expectation, a significant rise in the XRP price may be seen.

Ripple Labs continues to make strategic agreements that will make it a leading player in the financial services sector. The company will establish a partnership with the Portuguese foreign exchange provider Unicambio to use Ripple’s network in money transactions. This move can help Ripple get more shares in the international money transfer market.

In addition, Ripple received a money transfer license in New York and Texas. These licenses allow Ripple to expand its services in two major economic centers of the United States and allow the company to reach more users.

Ripple USD increased its market share by increasing its daily volume above $ 200 million, leaving many Stablecoin behind with this performance. In particular, the increasing volume of Ripple USD can contribute to the increase in demand for XRP and have a positive impact on the price.

The future movements of the XRP price can be evaluated according to the Wyckoff Theory. The Wyckoff theory, which has a history of about 95 years, explains how financial assets act over time and involves four stages: accumulation, rise, distribution and decline.

The XRP price remained at the accumulation phase between 2022 and November 2024. This stage is usually characterized by consolidation and the XRP price fluctuated between $ 0.9326 and $ 0.9326 during this period.

With the rise of the price in November, the fear of kidnapping among investors (FOMO) was formed and the XRP rise. At this stage, the demand was higher than supply and the price increased rapidly. However, the XRP is currently in the distribution phase where high volatility is seen.

If the Wyckoff theory is correct, the XRP may switch to the next stage, the decline, which may cause the price to decline to $ 0.9325 support level. This support level corresponds to 78.6 %correction point and 61 %lower than the current level.

However, this decline in the XRP price may become invalid if Ripple’s price exceeds $ 3.40, the highest level since the beginning of the year.

If the XRP breaks this resistance, the price may rise again and attract the attention of investors again. However, market conditions and investor demand will be the main factors to determine the sustainability of this movement.