Ripple is planning to expand its quarterly
XRP Markets Report, given the increasing institutional usage of the coin. Meanwhile, technical analysis suggests a bearish trend, as Bitcoin approaches a critical support level at $88.8K and XRP displays a potential 'death cross'. However, an expert has forecasted extremely high XRP prices (up to $1,000 per coin) once banks start using XRP. Current market conditions show
XRP bulls struggling resistance at $2.16 as they anticipate a breakout. The Federal Reserve's future moves are expected to be the next major catalyst for both Bitcoin and XRP's price movement. Meanwhile, wallets holding over 10,000 coins have crossed 300,000 - a strong signal of major accumulation.
Ripple's ongoing legal tensions with the Securities and Exchange Commission (SEC) and its CTO's recent statements have resulted in market turbulence, but also sparked strong whale accumulation and potential bullishness for XRP's price. Analysts project a bullish breakout for XRP following large whale transfers, while Ripple's U.S. Treasury Fund entry could further support momentum. Amid these developments, XRP's network activity has apparently decreased, leading one expert to claim the cryptocurrency is overvalued. Still, the recent Ripple-SEC movements and the ensuing trade talks between the U.S. and China might spur a bullish rebound for XRP.
Further predictions hint at XRP's potential rally to $5 amid increasing attention from analysts on the potential impact of the Ripple vs. SEC lawsuit. Alternatively, if XRP maintains support at $2, some experts believe it could surge to $12. However, the coin is currently facing sell pressure, reflecting market caution. A rumored bid from Ripple for stablecoin issuer Circle, in combination with hopeful anticipation for XRP ETFs and the upcoming tokenization wave, may result in a bullish outlook for XRP amidst unpredictable market conditions.
XRP Coin News Analytics from Wed, 19 Mar 2025 07:00:00 GMT to Wed, 07 May 2025 19:00:21 GMT -
Rating 5
- Innovation 6
- Information 8
- Rumor 4
