- *XRP Price Drops: What's Next for the Cryptocurrency?*
XRP is currently trading at $2.13, with a market cap of $129.90 billion. The cryptocurrency has seen a decline of 3.86% in the last 24 hours, and its price has been fluctuating due to market volatility ¹.
*Recent Developments:*
- _XRP ETF Launch_: The recent launch of XRP ETFs has sparked interest in the cryptocurrency, with institutions like Franklin Templeton and Bitwise filing for spot XRP ETFs.
- _Price Prediction_: Standard Chartered has set a long-term target of $12.50 for XRP by 2028, citing growing institutional adoption and regulatory clarity.
- _Market Sentiment_: The broader crypto market is experiencing bearish trends, with XRP facing resistance at $2.27 and support at $2.07 ² ³ ⁴.
*Key Support and Resistance Levels:*
- _Support_: $2.07-$2.10
- _Resistance_: $2.27-$2.50
