#xrp The XRP price has held to $2.20 today, with the altcoin struggling to make headway amid ongoing challenges for the cryptocurrency market.

Crypto as a whole is down by 2% in the past 24 hours, with prices depressed by the looming US tariff deadline next week, although markets are becoming more hopeful about rate cuts.

As for XRP, it holds on to a modest 1% gain in a week and a 1.5% increase in the past month, although news has emerged which suggests that these percentages could increase soon.

On the one hand, analysts are giving odds of 95% that XRP ETFs will gain approval, while Ripple itself has just announced the launch of an Ethereum-compatible sidechain, something which could boost usage of XRP Ledger in the longer term.