The fluctuation rate of XRP has dropped to a low level not seen in a long time.

It's said to be the lowest in 20 months, and the indicator dropped to 96 for the first time since June last year.
The current price is around $1.43, but looking at market data, you can see the pace of decline is slowing down.

What's interesting is what happens from here, but looking at past patterns, after reaching a similar low level in June last year, there was a significant rebound in November.
Market analyst Austin pointed out that although the current price is higher than the lows of June last year, the fluctuation rate indicator is roughly at the same low level.
This suggests the possibility that pressure is building up.

Regarding XRP price forecasts, Austin believes that the past fluctuation rates follow an ABCDE wave structure, and that we are currently at the end of Wave E.
There is a potential for a breakout from here.
If a rebound similar to 2017 occurs, a significant rise in XRP's price could be possible.
However, some see such a sharp surge as unlikely.
In any case, the future movement of the fluctuation rate indicator seems to be key to XRP price predictions.