XRP: Analysts Forecast Potential Surge Despite Recent Dip

In the ever-volatile world of cryptocurrencies, Ripple’s XRP has seen its fair share of ups and downs. Recently, the digital asset dipped below the $2 mark following a market correction triggered by new trade tariffs imposed by the US. However, analysts remain optimistic about XRP’s future, with some predicting a surge to $2.50 – $3. Here’s a closer look at the factors influencing XRP’s price and what to expect in the coming months.

Ripple (XRP) Dips Below $2 — Analysts’ Expectations

Ripple (XRP) briefly dipped below $2 following a correction in the cryptocurrency market due to new trade tariffs by US President Donald Trump. Prior to the announcement, XRP was trading above $2.15. One analyst believes XRP’s short-term performance will depend heavily on Bitcoin’s fluctuations. Others forecast a move to $2.50 – $3, fueled by favorable legal outcomes, institutional interest, and potential momentum above the $2.13 breakout zone. Currently, XRP trades at around $2.04.

Ripple USD (RLUSD) Records New Highs, Surpasses 240 Million Tokens

Ripple USD ($RLUSD) has emerged as one of the most popular stablecoins in a short period. Since its launch 106 days ago, the circulating supply has grown above 240 million tokens due to increased adoption. RLUSD is now live in Ripple Payments, powering enterprise payments, asset tokenization, and DeFi. By the end of March, the circulating supply was over 243 million tokens, with a single-day issue of 50 million RLUSD accelerating its network’s growth.

XRP Price Prediction: Ripple Could Fall Below $1 By June

A top analyst claims Ripple (XRP) could fall below $1 by June. Meanwhile, Remittix is being referred to as one of the best cryptos to purchase due to its relatively cheap price. Ripple updates show that XRP has won the trust of banks as their payment method for cross-border payments, but it is also facing its own issues and opportunities.

XRP Price Prediction: Bearish Sentiment Signals Potential Crash

XRP faces increasing bearish sentiment from macro, micro, and fundamental factors in April. Weak on-chain indicators, such as network growth, total supply, and active addresses, reinforce an impending crash. A descending triangle pattern puts $2 support in focus. However, XRP could rebound from the 200-day EMA, increasing the chances of reclaiming the mid-term $2.5 target. At the time of writing, XRP trades NEAR $2.04 after a 5.38% decline the previous day due to global market reactions to Donald Trump’s tariffs.