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

Coin World reports:
Analysts emphasize key support for XRP, with potential targets at $1.88, $5.85, and $18.22. Technical indicators show mixed signals, with a slight bullish momentum forming.
Despite recent negative sentiment surrounding the XRP market, analysts remain optimistic about its potential price movement. As of the time of writing, XRP is trading at $0.432745, with a daily trading volume of $1,133,080,420.
XRP has experienced a 1.04% decrease in the past 24 hours, bringing the 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 backdrop of 5 Elliott Waves.
According to his analysis, maintaining this crucial support level is crucial for avoiding structural changes. He expects future targets to be $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 6000% 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 below the current price.
Additionally, the MACD (12, 26, closing) indicates a recent bullish crossover, with the MACD line at 0.0004 and the signal line at -0.0070.
However, the histogram remains in negative territory, at -0.0074, reflecting sustained bearish sentiment.
The RSI is at 46.75, climbing from recent lows but still below the key level of 50, indicating a neutral to slightly bearish range that is moving towards a more optimistic direction.
Significant decline in XRP participation
Analysis from Santiment shows significant fluctuations in trading volume and active addresses in the past six months.
Peaks in trading volume have coincided with major price fluctuations, particularly from late January to mid-February, March, April, and early June.
Recently, both trading volume and active addresses have declined, aligning with the downward trend in XRP price.
As of early July, there has been a significant decrease in trading volume and active addresses, indicating a decline in user participation and possibly signaling caution among investors.