XRP’s Future Uncertain: Analysts Divided on Price Rally or Further Decline
As the crypto market grapples with a bearish trend amidst economic uncertainty, XRP’s price has taken a significant hit. Here’s a closer look at the current state and future predictions for the cryptocurrency.
XRP Price Today: Can It Break Out or Will the Bearish Trend Continue?
The crypto market has been facing a bearish trend, with uncertainty driven by Trump’s tariffs and economic turmoil. XRP has dropped to $2.06, marking an 11.9% weekly and 18.2% monthly decline. Despite this dip, analysts have mixed views on its future—some predict further drops, while others expect a major rally ahead. XRP’s wallet activity has also taken a noticeable dive, slipping 0.3% today and 11.9% over the past week, with a 18.2% decline in the last month.
Ripple CEO Sparks XRP Hype with Major XRPL Apex 2025 Announcement!
Ripple CEO Brad Garlinghouse has hinted at an exciting event set to take place in June. He confirmed the XRPL Apex 2025 event will take place in Singapore from June 10 to 12. This annual event is a major gathering for XRP Ledger enthusiasts and could have a strong impact on XRP’s price. From June 10, Ripple is going to host its much-awaited event, i.e, XRPL Apex 2025. This is an annual event that serves as a major gathering for developers, investors, and enthusiasts of the XRP Ledger (XRPL). Given its history of significant announcements, the upcoming event could have a direct impact on XRP’s market sentiment.
Coinbase Files with CFTC to Launch XRP Futures Contracts, But Price Declines
US-based crypto exchange Coinbase has filed with the Commodity Futures Trading Commission (CFTC) to launch futures contracts for Ripple’s XRP token. The move could have potentially fueled XRP’s price surge; however, the H1 chart indicates a bearish trend, with the price declining after an intraday resistance rejection. A bearish engulfing candle suggests a continuation of the downside momentum. The filing states that Coinbase intends to introduce a monthly cash-settled and margined contract, traded under the symbol XRL, with each contract representing 10,000 XRP, valued at approximately $20,000 at $2 per token. The contract is expected to go live on April 21.
XRP Price Primed For Explosive 73% Breakout, $2 Support Firm
XRP price stabilized above $2 this week, holding its key support despite a wider crypto market slump and weakening on-chain signals. Analysts point to a bullish triangle pattern, suggesting a 73% upside to $3.55 if confirmed. The XRP/USD pair hovered NEAR $2.06 on Apr. 4, up 0.6% intraday. The move follows a brief dip to $2.03 after a marketwide sell-off triggered by U.S. tariffs. The triangle’s support line has held firm since late March, while resistance around $2.33 remains unbroken.
