Overview

Click to expand overview
Hace 23 horas XRP extends losses below $2.20 as tariff uncertainty rattles investors. US core PCE Price Index for April meets expectations at 2.5%, down from 2.7% in March. XRP’s An uptrend could appear if XRP wins its legal battles against the SEC or if its ETF is approved. On the downside, support levels at $0.43 and $0.40 provide a safety net if A forecast from industry analyst EGRAG posits that Ripple (XRP $0.620 -1.68%) dipping to $0.40 could act as a catalyst for a price resurgence up to $2. This projection If bulls regain momentum and push XRP above $2.60, a rally towards $3.40 could come into play. However, failure to reclaim these resistance levels could lead to further In the past 4 days alone, XRP price has dipped by more than 40%, but a little recovery seen in the past 8 hours puts the figure at around 25% at the time of writing. Crypto Ripple has been adding new partnerships and upgrades to the network to back up its native token, XRP. But despite the efforts, the Ripple Vs. SEC case is putting the Hace 1 día XRP Price Prediction: XRP is a Falling Knife That Could Hit The Floor at $1.9 Fri, GMT. Hopes of a resolution to the Ripple case sent XRP to a May 12

Ripple XRP Fall to $0.40: Will It Trigger a Price Recovery to $2?

Ripple (XRP) has experienced significant volatility recently, prompting many investors to wonder about its future trajectory. A potential dip to $0.40 is a topic of much discussion, with some analysts predicting it could be the catalyst for a substantial price recovery to $2.

XRP Price Action: What\'s Driving the Volatility?

In the past 4 days alone, XRP price has dipped by more than 40%, although a slight recovery in the last 8 hours has reduced the decline to around 25%. This downward pressure is influenced by several factors, including overall market uncertainty and the ongoing Ripple vs. SEC case.

Hace 23 horas: XRP extended losses below $2.20 due to tariff uncertainty impacting investor sentiment. While the US core PCE Price Index for April met expectations at 2.5%, down from 2.7% in March, this hasn\'t significantly boosted XRP\'s price.

Analyst Prediction: $0.40 Could Spark a $2 Rally

A forecast from industry analyst EGRAG posits that Ripple (XRP) dipping to $0.40 could act as a catalyst for a price resurgence up to $2. This projection suggests that a significant drop could create a buying opportunity, driving demand and ultimately pushing the price higher.

Potential Catalysts for a Price Increase

XRP’s uptrend potential relies on several key factors:

  • Ripple\'s Legal Victory: A favorable outcome in the Ripple vs. SEC case would undoubtedly boost investor confidence and likely drive up the price of XRP.
  • XRP ETF Approval: Similar to Bitcoin ETFs, the approval of an XRP ETF would provide increased accessibility to the token for institutional and retail investors, potentially leading to significant price appreciation.
  • Ripple\'s Network Expansion: Crypto Ripple continues to add new partnerships and upgrades to its network to bolster the value of XRP. These efforts, while ongoing, contribute to the long-term viability of the token.

Key Support and Resistance Levels to Watch

On the downside, support levels at $0.43 and $0.40 provide a safety net. If XRP fails to hold these levels, further declines could be possible.

Conversely, if bulls regain momentum and push XRP above $2.60, a rally towards $3.40 could come into play. However, failure to reclaim these resistance levels could lead to further consolidation or declines.

Hace 1 día: XRP Price Prediction pointed to XRP as "A Falling Knife That Could Hit The Floor at $1.9," referencing the volatility at the time.

Disclaimer

Cryptocurrency investments are inherently risky. This analysis is for informational purposes only and does not constitute financial advice. Always conduct thorough research and consult with a financial advisor before making any investment decisions.

Top Sources

Related Articles