XRP’s Future Outlook: Analyst Maintains $8-$13 Target Despite Short-Term Dip
Ripple’s recent acquisition of Hidden Road for $1.25 billion marks a significant step in expanding its institutional offerings, with plans to integrate the RLUSD stablecoin and utilize the XRPL Ledger for post-trade settlement. Despite this positive development, XRP experienced a 3% decline, trading below $2, attributed to the ongoing global trade war. However, crypto analyst CasiTrades (@CasiTrades) remains optimistic, maintaining the April target price range of $8 to $13 for XRP. This summary delves into the details of Ripple’s strategic move, the current market reaction, and the analyst’s bullish outlook for XRP’s near-term performance.
Ripple Acquires Hidden Road for $1.25 Billion, XRP Drops 3%
Ripple announced the acquisition of prime brokerage firm Hidden Road for $1.25 billion to expand its institutional offerings. Hidden Road will integrate the RLUSD stablecoin and use the XRPL Ledger for post-trade settlement. Despite the positive news, XRP saw a 3% downtick due to the ongoing global trade war, trading below $2.
XRP April Target of $8 to $13 Still Stands, Says Crypto Analyst
Crypto analyst CasiTrades (@CasiTrades) published a new XRP analysis highlighting yesterday’s intraday plunge to about $1.61 after the widely watched $1.90 level gave way. The analyst now views $1.90 as major resistance and underscores that the breakdown of the 0.5 Fibonacci retracement NEAR $1.90, while disappointing for bulls, may still be consistent with a larger corrective scenario. Since the crash on Monday, XRP has rebounded significantly.
XRP Price Prediction 2025-2031
The XRP price prediction suggests that the coin’s price will rise to $3.77 by the end of 2025. The growing adoption rate of the XRP Ledger Protocol could push XRP to $9.43, with a possible maximum trading value of $10.06 in 2028. In 2031, the target price for XRP is between $15.09 and $16.35, with an average price of $15.72. XRP has a strong community of supporters and developers and continues to see tremendous potential in Ripple’s technology and products. Despite short-term price fluctuations and a bear market, many analysts believe XRP has a bright future. This crypto asset will undoubtedly play an important role in global financial institutions.
SEC Opposes Emergency Request to Present ‘Decisive Evidence’ in Ripple Case
The SEC has urged a judge to reject an emergency request by Justin W. Keener, who claims to possess proprietary data and physical documents that could change the legal classification of investment contracts in the Ripple vs. SEC case. Keener, operating under the name JMJ Financial, submitted a five-page letter to Judge Analisa Torres asking to present this evidence. However, the SEC has filed an opposition to this request.
