On Sunday, November 17, Ripple’s (XRP) price hit $1 for the first in three years. This landmark also saw XRP volume rise to $24 billion, but as of this writing, that value has since dropped.

This decline indicates that interest in the altcoin is no longer as high as it was earlier. But how will this affect XRP’s price?

Market Attention to Ripple Drops

According to Santiment, XRP’s volume recently peaked at $24.40 billion but has since dropped significantly to $7 billion, marking a $17 billion decrease in buying and selling activity.

From a technical perspective, a rising price coupled with increasing volume typically signals a strong and sustainable uptrend. However, when the price rises while volume declines, it suggests weakening momentum and a potential reversal.

This appears to align with XRP’s current situation, where the volume drop indicates diminished market participation. If this trend persists, XRP’s price could struggle to maintain its upward trajectory and risk falling below the $1 mark in the short term.

Furthermore, a look at social dominance shows that the reading has dropped. Social dominance is measured by analyzing the percentage of discussions focused on a specific cryptocurrency compared to the total discussions happening across various crypto-related platforms. This metric highlights how much attention an asset is garnering within the broader crypto community.

When social dominance increases, it often indicates heightened interest or hype around the asset. Conversely, a decrease in social dominance may suggest that the asset is losing visibility or relevance in the market.

A few days ago, XRP’s social dominance was almost 13%. As of this writing, it has dropped to 2.34%, indicating that interest in the token has waned. Should this remain the case alongside the drop in XRP volume, the price might drop.

XRP Price Prediction:  Sub-$1 Possible

Based on the daily chart, XRP experienced a surge in buying pressure earlier. This was indicated by the Money Flow Index (MFI), an indicator that measures the level of capital injected into a cryptocurrency.

But as of this writing, the MFI reading has dropped from that peak. This decline indicates that buying pressure is no longer as high as it was some days back. Therefore, if this reading continues to decrease, then XRP’s price could drop to $0.80.

However, if XRP volume climbs to the double-digits region again, this trend might change. Should that happen, the cryptocurrency’s value could rise to $1.26.

El Salvador will soon see its first regulated tokenized US Treasury Bill (T-Bill) offering, providing access to this investment vehicle for individuals and organizations previously excluded. 

NexBridge Digital Financial Solutions, a licensed digital asset issuer in the country, has partnered with Bitfinex Securities to introduce this new product.

Bitfinex Securities Want to Raise $30 Million for the Tokenized T-Bill

The subscription period for the offering begins Tuesday and runs until November 29. Investors can use Tether’s stablecoin (USDT) to purchase tokens, with plans to accept bitcoin (BTC) in the future. 

After the subscription closes, the tokens will trade on Bitfinex Securities’ secondary market. It will be traded under the ticker USTBL. The value of these tokens will be tied to BlackRock’s short-term Treasury bond ETF. Bitfinex Securities aims to raise a minimum of $30 million through this initiative.

“By leveraging Bitcoin’s technology and infrastructure, we’re laying the foundation for a globally accessible financial ecosystem, bringing tokenized U.S. Treasuries to investors worldwide,” said Michele Crivelli, Founder of NexBridge in the press release.

Overall, the tokenization of real-world assets (RWAs) is expanding rapidly. Earlier this month, BNB Chain launched a tokenization portal for RWAs and private companies to simplify access for new Web3 users. 

Similarly, MANTRA debuted its mainnet, enabling on-chain RWA integration. This boosted the utility of its OM token, which surged over 200% in November, reaching a new all-time high.

El Salvador Continues to Benefit from Its Bitcoin Holdings

El Salvador continues to push forward with significant financial developments. The government recently launched its third dollar bond buyback. This effort targets over $2.5 billion in bonds, contingent on securing new financing. The decision came after BTC reached an all-time high post-election. 

Also, a second term for former US President Donald Trump can be potentially beneficial for President Nayib Bukele’s administration. It will potentially improve El Salvador’s chances of obtaining financial support from the International Monetary Fund (IMF).

Back in 2021, El Salvador gained international recognition when it became the first nation to adopt Bitcoin as legal tender. The country’s Bitcoin holdings are now valued at $515 million.

First Neiro on Ethereum (NEIRO) rebound could be on the cards, as observed by BeInCrypto, which highlighted a reduction in selling pressure. On November 12, NEIRO’s price surged to $0.000030.

However, at press time, it had decreased to $0.0020. But this on-chain analysis reveals that the meme coin might fail to go extremely lower than this.

First Neiro on Ethereum Sees Bullish Sentiment

On November 12, NEIRO’s daily on-chain volume in profits was over 16 billion. This metric measures the number of tokens in realized profits. Typically, when the value increases, it means that holders have realized a lot of gains, and the price might decrease.

On the other hand, a decrease in the metric implies that selling pressure has decreased. As of this writing, the on-chain realized gains have dropped to 2.31 billion. This decline indicates that most NEIRO holders have halted booking profits.

If sustained, the NEIRO’s rebound could happen in the short term. Specifically, the potential rebound could see the price soar higher than $0.0025 as high demand for the token usually leads to double-digit hikes.

Further, NEIRO is experiencing a surge in its Weighted Sentiment, a metric that captures market participants’ overall perception of a cryptocurrency. A rising sentiment indicates growing bullish commentary, whereas a decline reflects negative market views.

Currently, NEIRO’s Weighted Sentiment is nearing positive territory, signaling a potential shift toward bullish market sentiment. If this trend persists, it could boost demand for the meme coin, possibly driving NEIRO’s price higher.

However, sustained optimism and accompanying trading activity will be crucial for this momentum to translate into meaningful price gains.

NEIRO Price Prediction: Notable Hike Coming

On the 4-hour chart, it appears that bulls are defending the $0.0020 support. The last time such happened, NEIRO’s price rallied to $0.0029. 

If the meme coin aims to repeat such a pattern, it will have to contend with the $0.0022 resistance. Therefore, if buying pressure increases, NEIRO rebound could be validated. Should that be the case, the meme coin’s value could surpass $0.0030.

However, if profit-taking comes into play again or holders in losses sell, this prediction might not come to pass. Instead, the token could drop to $0.0017.