XRP Drops 10%, But a New All-Time High Could Still Be in Sight, Says Bitpanda Exec

Despite a steep 10% drop in XRP’s price over the last 24 hours, a top executive from Bitpanda believes a return to the token’s all-time high (ATH) may still be possible — provided market conditions remain supportive.

📉 XRP Takes a Hit — But All Hope Isn’t Lost

At the time of writing, XRP is trading at $3.21, marking a 10.2% decline in the past day, according to data from Nansen. The token had recently climbed to a yearly peak of $3.66, getting closer to its January 2018 ATH of $3.84.

But despite the pullback, Lukas Enzersdorfer-Konrad, Deputy CEO at Bitpanda, maintains that the longer-term outlook remains promising — especially if the broader market continues to favor altcoins.

“It’s hard to predict precise price levels in such a fast-paced market, but a move above the current ATH wouldn’t be surprising if Bitcoin dominance continues to ease and altcoin momentum holds,” he shared in an interview with Cointelegraph.

🪙 Market Conditions Are Key to XRP’s Upside

Enzersdorfer-Konrad emphasized that XRP’s trajectory is tightly linked to broader market sentiment, rather than any specific catalyst unique to Ripple’s ecosystem.

He pointed to the growing optimism around altcoins as a major driver, noting that CoinMarketCap’s Altcoin Season Index recently shifted from “Bitcoin Season” to “Altcoin Season,” indicating a higher appetite for altcoins among investors.

Over the past 30 days, Bitcoin dominance has dropped by over 5%, a common sign that capital is rotating into alternative cryptocurrencies — something that often benefits tokens like XRP.

💡 XRP Reacts to Altcoin Trends and Regulation News

According to Enzersdorfer-Konrad, XRP is particularly responsive to two things: general sentiment in the altcoin market and regulatory developments.

“If liquidity remains healthy and confidence in altcoins continues to build, XRP could see more upward pressure,” he said. “But whether this rally spreads across the altcoin space or stays limited will be a major factor in XRP’s next move.”

🔮 Analysts See Higher Potential — With a Caveat

Crypto analyst Dom recently suggested that if the market continues to rally, XRP could climb to $7 or even $10, depending on the intensity of the altcoin surge.

Technical indicators also provide some optimism. XRP is currently holding above its 50-day exponential moving average (EMA), a level often seen as a sign of ongoing strength. Meanwhile, its Relative Strength Index (RSI) has eased back to neutral territory, suggesting it’s not currently overbought or oversold.

Bottom line? XRP may be down in the short term, but analysts and executives alike aren’t ruling out a push toward — or even beyond — its previous record highs, especially if the altcoin bull cycle continues to unfold.