Quick Take
- Crypto investor Lark Davis says XRP will never reach $100, calling the implied valuation unrealistic.
- The token trades under both its key moving averages, and momentum still favors sellers despite an oversold reading.
- A support floor just below the $1 mark now carries the most weight for holders.
Lark Davis, a crypto investor followed by many retail traders, has told XRP holders to drop their hopes of a three-digit token.
His call lands during a rough stretch for XRP, which has slid for weeks and now trades well under its recent highs. For traders, the nearer question is whether buyers can hold the line before the slide deepens.
Lark Davis Says an $8 Trillion XRP Is Out of Reach
Davis attached no time frame or conditions to the call. He simply ruled the number out.
His reasoning rests on simple math. That price would give XRP a market value of about $8 trillion. Davis called that valuation “unrealistic.” For scale, that figure would put XRP well above the combined value of the entire crypto market today.
The live chart shows how wide the gap is. XRP trades near $1.10, so the target sits roughly 9,000% above the current price. No chart level stands anywhere near that height, so the debate is purely about valuation.
Proving Davis wrong would take a sustained repricing that no short squeeze or strong week could deliver.
XRP Trades Under Both Averages After a 22% Monthly Slide
The token has lost about 22% over the past month, with roughly 12% of that coming this week. The last 24 hours were flat. A quiet day after a steep slide looks like a pause, and the chart shows no sign of a turn yet.
Price now sits below both of its key moving averages. A moving average smooths out daily swings to show the underlying trend. The 50-day average stands near $1.29. The 200-day average sits higher, around $1.35.
Trading under both lines means sellers control the trend on short and long time frames. Those averages now act as ceilings.
The 50-day line is the first test for any recovery. Bulls need a daily close back above it to show the slide has run its course. Until then, bounces are likely to fade.
Oversold Readings Have Not Stopped the Selling
The relative strength index, or RSI, is a 0 to 100 gauge of momentum. XRP’s daily reading sits near 27. Anything under 30 counts as oversold, meaning sellers have pushed the price down faster than usual.
Oversold readings often come before a relief bounce, yet a token can stay oversold for days while it keeps sliding.
Other momentum signals still lean bearish. The MACD, which tracks shifts in trend speed, remains below its signal line. That means downside momentum has not faded. Trend strength readings also show sellers driving a firming downtrend.
$0.99 Becomes the Floor Bulls Must Defend
The nearest support sits near $0.99 on the daily chart. That level matters because the data shows no clear floor beneath it. A close below it could open the way to a deeper drop.
Buyers have a narrow cushion. The token trades only about 10% above that line, so another weak week could put it to the test.
Overhead, the first resistance comes in near $1.20. A second barrier waits around $1.31, close to the 50-day line. Sellers are likely to defend both.
Reclaiming both levels would be the first real sign that sellers are losing control.
What Could Happen Over the Next Three Days
The levels mapped above should decide direction.
- Bullish: The oversold reading sparks a relief bounce, and price breaks through first resistance. That opens a run toward the second barrier near the 50-day line. A daily close below the support floor would cancel this path.
- Bearish: Sellers push the token under the support floor, and the slide extends into territory the data shows has no clear support. A daily close back above first resistance would invalidate this path.
Survival Matters More Than $100 Right Now
Whatever readers make of the long-range debate, the near-term question for XRP is narrower. Holders need the support floor under the token to survive the week.
A bounce may come, but the chart has not yet signaled one.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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