{"id":56508,"date":"2025-04-03T08:48:15","date_gmt":"2025-04-03T08:48:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=56508"},"modified":"2025-04-03T08:48:15","modified_gmt":"2025-04-03T08:48:15","slug":"ripple-xrp-dips-below-2-what-analysts-expect-next","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=56508","title":{"rendered":"Ripple (XRP) Dips Below $2 \u2014 What Analysts Expect Next"},"content":{"rendered":"

TL;DR<\/strong><\/span><\/span><\/p>\n

Ripple (XRP) rebounded from the sub-$2 levels. One analyst believes its performance in the short term will depend heavily on Bitcoin\u2019s fluctuations.
\nOthers forecasted a move to $2.50 \u2013 $3, fueled by favorable legal outcomes, institutional interest, and potential momentum above the $2.13 breakout zone.<\/p>\n

<\/a><\/p>\n

The Next Potential Moves<\/h2>\n

The cryptocurrency market <\/span>witnessed<\/span><\/a> another correction in the past several hours following <\/span>the<\/span> latest wave of trade tariffs <\/span>implemented by US President Donald Trump<\/span>.<\/span> Ripple\u2019s XRP, which was holding above $2.15 <\/span>prior to<\/span> the announcement, briefly tanked under $2. Shortly after, it registered a slight rebound and <\/span>currently<\/span> trades at around $2.04 (per CoinGecko\u2019s data).\u00a0<\/span><\/p>\n

Numerous analysts noted the asset\u2019s latest pullback, projecting interesting targets for the short term. The X user CRYPTOWZRD <\/span>said<\/span><\/a> XRP now tests the $2 daily support level, adding that \u201cwe need a reversal from this location.\u201d They also assumed that the performance of Ripple\u2019s cross-border token would depend on Bitcoin:<\/span><\/p>\n

\u201cWhatever Bitcoin does, XRP will follow that. No altcoins can escape while Bitcoin is crashing.\u201d<\/span><\/p>\n

The primary cryptocurrency, which surged<\/a> past $88,000 at one point on April 2, nosedived to almost $82,000 after the escalation of the trade war. As of this writing, it is worth approximately $83,300, representing a 5% decline on a weekly scale.<\/span><\/p>\n

BlockchainBaller was much more bullish, forecasting<\/span><\/a> that XRP could soar to the $2.50-$3 range this month, driven by favorable legal outcomes and increased institutional adoption.\u00a0<\/span><\/p>\n

It is important to note that <\/span>major<\/span> developments on the legal front have already played a role in the asset\u2019s price performance. <\/span><\/p>\n

Last month, Ripple\u2019s CEO <\/span>revealed<\/span><\/a> that the US SEC had dropped its appeal against the company, describing this as the end of the lengthy lawsuit. Several days later, CLO Stuart Alderoty <\/span>said<\/span><\/a> the firm <\/span>will<\/span> withdraw its cross-appeal and pay a penalty of $50 million (instead of the previously ruled $125 million). He said the $50 million is already in an interest-bearing account, whereas the remaining amount will <\/span>be returned<\/span> to Ripple.<\/span><\/p>\n

The only missing conclusion of the case seems<\/span>\u00a0to be<\/span> an official statement from the SEC, which <\/span>may be released<\/span> in the following days.<\/span> However, <\/span>it remains doubtful<\/span> whether such a disclosure would fuel a rally for XRP, as it could have already <\/span>been priced<\/span> in.<\/span>\u00a0<\/span><\/p>\n

The Potential Breakout Zone<\/span><\/h2>\n

Several hours before the latest correction, Crypto General claimed<\/a> that XRP is still consolidating above the breakout zone of $2.13 \u201cand is holding it strong.\u201d\u00a0<\/span><\/p>\n

The analyst predicted that the next bull run could be ignited by an upswing above that mark, promising to \u201cadd <\/span>heavy<\/span> bag\u201d once that happens.\u00a0<\/span><\/p>\n

As mentioned above<\/span>, though<\/span>, XRP headed south instead of breaking beyond the depicted target.<\/span>\u00a0<\/span><\/p>\n

The post Ripple (XRP) Dips Below $2 \u2014 What Analysts Expect Next<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Ripple (XRP) rebounded from the sub-$2 levels. One analyst believes its performance in the short term will depend heavily on Bitcoin\u2019s fluctuations. Others forecasted a move to $2.50 \u2013 $3, fueled by favorable legal outcomes, institutional interest, and potential momentum above the $2.13 breakout zone. The Next Potential Moves The cryptocurrency market witnessed another […]<\/p>\n","protected":false},"author":0,"featured_media":56509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56508"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56508"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/56509"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}