XRP Faces Continued Sell-Off Below $2 as XXRP ETF Gains Traction
XRP’s price struggles to recover amid a prolonged sell-off, dropping below the $2 mark with a 7.4% correction in the past 24 hours. Meanwhile, the newly launched XXRP ETF, a 2x Leveraged product, has garnered significant interest, recording over $5 million in volume on its debut—outpacing the 2x Solana ETF (SOLT). Despite this, macroeconomic uncertainties continue to hinder XRP’s rebound.
XRP Sell-Off Continues Under $2; XXRP ETF Records $5M Volume
The sell-off of XRP continues as the price falls below $2. In the past 24 hours, XRP has corrected by 7.4%, resulting in a market capitalization decrease of $17.96 billion in a week. Despite this, the XXRP ETF, a 2x Leveraged exchange-traded fund, recorded over $5 million in volume on its first day, surpassing the 2x Solana ETF (SOLT). However, XRP’s recovery remains elusive due to macroeconomic factors, including President Donald Trump’s tariff standoff. Bearish technical indicators suggest that XRP could test the next critical support at $1.4000.
XRP sell-off continues under $2
XRP struggles to stay afloat, with key support levels crumbling due to volatility from macroeconomic factors, including United States President Donald Trump’s reciprocal tariffs kicking in on Wednesday. The cross-border money transfer token has seen a significant sell-off, with the XXRP ETF flexing $5M volume on its first day of trading.
Standard Chartered Predicts 500% Price Surge for XRP
Despite the recent calamity in the crypto market, Standard Chartered reportedly forecasts a surge to $5.50 for XRP this year and $12.50 in the future. While some analysts see bullish signals, others warn of a potential drop to $1.30 as the asset trades just below $2. Ripple’s native token seemed stuck at around $0.50-$0.60 for most of 2024 until Donald Trump’s victory in the US presidential election led to a massive rally, with XRP surpassing $2.50 and almost matching its all-time high of $3.40 in January 2025. However, the price retraced substantially and currently trades at roughly $1.80.
XRP Dumps 10% Despite Ripple’s $1.25B Prime Brokerage Acquisition
On April 8, Ripple announced the acquisition of Hidden Road for $1.25 billion. This deal is described as one of the largest in the crypto space. With this acquisition, Ripple claims to be the first crypto company to own and operate a global, multi-asset prime broker. Hidden Road clears $3 trillion annually across markets with over 300 institutional clients. Large prime brokers assist in clearing, securities lending, and leveraged trade execution for large hedge funds and institutional investors. CEO Brad Garlinghouse emphasized that the deal provides a once-in-a-lifetime opportunity for crypto to access traditional markets and vice versa. Despite this positive news, XRP’s price dropped by 10%.
Ripple: AI Predicts XRP Price If XRP ETFs Are Approved By April-May 2025
XRP, one of the most promising cryptocurrencies, is a trending token closely monitored by investors. The potential approval of XRP ETFs in April or May 2025 could significantly surge the price of XRP. Analysts like Egrag Crypto are particularly bullish on XRP despite the current market momentum affected by global economic factors.
