XRP Sees Largest Realized Loss Since 2022, History Points to Bullish Price Run: Report

In the latest XRP price movement projection, a new report shows that the token may be set for another bullish run. The firm highlighted that the coin has seen its largest realized loss since 2022, which was a precedent to its rally at the time.

XRP Price Could Be Set for Bullish Run, Santiment Says

Santiment said that the pace at which XRP investors’ realizing losses has grown rapidly over the past four years. The blockchain company announced that the number of realized losses has increased to around 908 million in the last week.

As Santiment explained in their post, the large realized losses are experienced when a large number of investors decide to sell their coins at a price lower than what they bought them for.

This usually happens when the market fear reaches its peak. This is then followed by investors deciding to panic-sell their coins at a loss instead of holding on to them.

According to the firm, a large number of realized losses can also be a good sign. They said that it has been a positive indicator for the price of XRP in the past. This shows that many weak hands are already out of the market, and the worst is already behind.

There are also other developments in the past weeks that support the bullish outlook. Last week, SBI Ripple Asia announced that it would start paying investors of its on-chain bonds in XRP. This is a good development for the use case of XRP.

Santiment particularly noted that it is true from a historical perspective. They said that the rise in realized losses has often led to the market bottom. The value of the XRP price experienced an increase of more than 114% in the next eight months in 2022.

Experts’ Price Forecasts Support Bull Case

It is also worth noting that more analysts are coming out to reaffirm the potential price rally for the Ripple coin. For example, top analyst EgragCrypto recently made a comparison to the 2022 cycle in a X post. He indicated that if the coin follows the same trend, it could go up by 2.8x.

Another analyst, CryptoBull, indicated that he is very confident that the XRP price will rally to around $15 next month and $70 by May.

On the other hand, some people are indicating that these predictions are not realistic, considering the current crypto market crash. Hopes are still there that other events might change the trend.

Ripple CEO Brad Garlinghouse also indicated in a recent FOX interview that the company plans to make more purchases to develop its ecosystem, following the announcement that it had spent up to $3 billion on acquisitions.