Will the situation of altcoins improve despite the recent decline in XRP

Coin World Report:
Analysts emphasize key support for XRP, with potential targets at $1.88, $5.85, and $18.22. Technical indicators show a mixed signal, with a slight bullish momentum forming.
Despite recent negative sentiment surrounding the XRP market, analysts remain optimistic about its potential price trajectory. As of press time, XRP is trading at $0.432745 with a daily trading volume of $1,133,080,420.
XRP has dropped 1.04% in the past 24 hours, bringing its market cap to $24,113,908,871.
XRP analyst Dark Defender has identified technical signals on the weekly chart, emphasizing the importance of the Fibonacci support level at $0.3917 under the background of 5 Elliott Waves.
According to his analysis, maintaining this key support level is crucial to avoid structural changes. He predicts future targets at $1.88, $5.85, and $18.22.
Furthermore, weekly RSI data indicates oversold conditions, suggesting a possible reversal in price trends.
In a related development, market analyst The Block Bull predicts a 6,000% surge in XRP in the coming weeks, driven by the formation of a doji candle on the XRP/BTC weekly chart.
Mixed signals from daily indicators
Meanwhile, the moving average crossover (9,21) shows a potential shift from bearish sentiment to bullish sentiment, with the 9-period MA at 0.4291 and the 21-period MA at 0.45281, both slightly lower than the current price.
Additionally, MACD (12,26, close) indicates a recent bullish crossover, with the MACD line at 0.0004 and the signal line at -0.0070.
However, the histogram is still negative at -0.0074, reflecting continued bearish sentiment.
RSI is at 46.75, climbing from recent lows but still below the 50 mark, indicating a neutral to slightly bearish range moving towards a more optimistic direction.
Significant decrease in XRP participation
Analysis from Santiment shows significant fluctuations in trading volume and active addresses in the past six months.
Peak trading volumes coincide with major price fluctuations, especially from late January to mid-February, March, April, and early June.
Recently, both trading volume and active addresses have significantly declined, aligning with the downward trend in XRP prices.
As of early July, there has been a substantial decrease in trading volume and active addresses, indicating a decrease in user participation and possibly signaling investor caution.