Ripple's (XRP) Value Falls Under $2: Analysts' Future Predictions

Ripple (XRP) has experienced a dip below the $2 mark, with its future performance predicted to be heavily reliant on Bitcoin's movements. The decline came after the latest wave of trade tariffs imposed by former US President Donald Trump.

Despite the dip, some analysts are optimistic, forecasting XRP could reach $2.50-$3, driven by positive legal developments and increased institutional adoption. Last month, the US SEC dropped its appeal against Ripple, marking the end of a lengthy lawsuit. Some believe the next bull run could be triggered by an upswing beyond the $2.13 breakout zone, but XRP's value fell instead of breaking past the target.

The future still seems uncertain, as it's unclear whether an official SEC statement on the lawsuit's outcome would significantly impact XRP's value.