90-year-old theory explains XRP crash: What happens next? XRP has suffered a harsh reversal and erased some of the gains made in the fourth quarter of last year.

Ripple XRP

xrp

5.42%

XRP has moved into a strong bear market, dropping by over 30% from its highest level this year.

This decline happened even as the Ripple network faced numerous bullish catalysts. The Ripple USD (RLUSD) stablecoin continues to gain market share, with the daily volume rising to over $100 million. Other players in the XRP Ledger network, like Coreum and Sologenic, have also seen more traction.

There are rising odds that the Securities and Exchange Commission (SEC) will end its appeal against Ripple Labs this year. It has already dropped charges against companies like Uniswap, Coinbase, and Gemini.

Further, the number of XRP transactions has continued to rise this year. Data by XRPScan shows that the number of XRP transactions rose to almost 1 million on March 1, a trend that may continue in the coming months.

Additionally, there are signs that the SEC will approve a spot XRP ETF later this year, a move that would grow inflows from investors. JPMorgan analysts estimate that these inflows would be worth over $8 billion in the first year. #qasimmughal