XRP’s Path to $3: Analyzing the Current Consolidation and Future Potential
XRP has been stuck in a sideways consolidation phase, stubbornly holding the $2 support level despite weakening momentum. Analysts initially anticipated a triangular formation, but the price action now suggests an extended ABC correction pattern. market watchers have observed tentative signs of a potential bottom forming on April 7, though the subsequent upward movement lacks conviction. This tepid recovery raises questions about when XRP might finally break out and climb above the $3 mark. Below, we delve into the current market dynamics and explore the factors that could drive XRP’s price higher in the coming months.
Ripple Price Prediction: When Will XRP Climb Above $3?
XRP remains trapped in a sideways consolidation, stubbornly clinging to the $2 support level despite weakening momentum. The cryptocurrency’s price action suggests an extended ABC correction pattern—a far cry from the initial triangular formation analysts had anticipated.
Market watchers note tentative signs of a potential bottom forming on April 7, though the subsequent upward movement lacks conviction. This tepid recovery could merely represent a temporary respite within a broader bearish trend, with critical support now established between $1.74 and $2.30.
Could $1000 XRP Become a Reality? Understanding The Hidden Plan
While meme coins and Layer-2 tokens fade into obscurity, utility-focused projects like XRP and HBAR are quietly advancing. Crypto analyst Vincent Van Code highlights XRP’s potential to address global liquidity challenges, likening the XRP Ledger to a surgeon’s scalpel—precision tooling in the right hands.
By 2025, the market’s speculative fervor may dissipate, but XRP’s foundational partnerships and institutional groundwork position it as a linchpin for real-world financial solutions. The narrative shifts from hype to infrastructure—where scalable blockchains with proven use cases dominate.
No XRP ETFs Were Approved on May 7, Expert Clarifies
XRP gained 2.8% to $2.21 amid broader crypto market gains, while Ripple’s acquisition bid for Circle and ETF speculation dominated headlines. Analysts now estimate an 85% chance of a spot XRP ETF approval in 2025.
Contrary to rumors, Tuttle Capital’s 2x LONG XRP ETF did not launch on May 7. Crypto influencer John Squire cited an SEC filing showing a proposed effective date of May 21, 2025. The filing explicitly refutes claims of current approval.
Ripple-Acquired Hidden Road Expands to Abu Dhabi with Royal Family Interest
Hidden Road, a prime brokerage firm specializing in both crypto and traditional assets, is establishing a new office in Abu Dhabi following its acquisition agreement with Ripple. The expansion is led by James Stickland, a partner at the firm, and has secured in-principle approval from Abu Dhabi Global Market’s Financial Services Regulatory Authority.
The move signals growing institutional interest in digital assets within the Middle East. Notably, a member of the Abu Dhabi royal family may join the board of the local entity pending final regulatory clearance. This development underscores the deepening ties between cryptocurrency infrastructure providers and traditional financial hubs.
