XRP's recent plunge has sparked a debate: could it sink further, or is a recovery imminent? Market expert Sam Daodu paints a bearish picture, citing a lack of support at $1.09 and a potential 40% drop to $0.70. However, on-chain data reveals a different story. An increase in millionaire wallets and whale behavior suggests a potential rebound. The CLARITY Act, a pivotal policy, could be the catalyst for XRP's recovery, with Standard Chartered forecasting a bullish range of $2.80 to $8. Yet, the market's fate hangs on Bitcoin's performance and the Act's legislative journey. As the altcoin teeters, the question remains: can XRP defy the odds and bounce back?
