Betting is Against XRP
The betting market is becoming increasingly pessimistic about XRP. The cryptocurrency linked to Ripple was once expected to rise sharply due to ETF prospects, but currently, the majority predict it will drop significantly in March.
According to data from #Polymarket , the odds that XRP will drop to $2 before the end of March have increased from 62% to 81% in just a few days over the weekend. In fact, as many as 68% of investors believe that the price of XRP will hit $1.90, while confidence that this coin will reach an all-time high of $3.50 has plummeted from 51% to just 7%.
Currently, XRP has decreased by 16% over the past 7 days, trading at $2.16. This is a significant drop after the 'Crypto Summit' event hosted by the White House failed to ease concerns about the U.S. economy.
White House Event: Hope or Disappointment?
The cryptocurrency event at the White House last Friday attracted participation from the most influential figures in the crypto industry such as:
Michael Saylor – Chairman of Strategy at MicroStrategy
Brian Armstrong – CEO of Coinbase
Brad Garlinghouse – CEO of Ripple
After the meeting, Ripple CEO Brad Garlinghouse praised Trump for being more welcoming to the crypto industry than the previous Biden administration. However, not everyone is satisfied.
Some investors expect $TRUMP to disclose details about the executive order issued on Thursday, which reveals plans to purchase $BTC , $ETH , Solana, Cardano, and even XRP to build the government's digital asset reserves. But ultimately, the meeting brought no specific information, leaving the market sentiment confused.
Trump Causes Market Turmoil
On Sunday, Trump continued to raise concerns when he told Fox News that the U.S. economy is in a 'transition phase' and does not rule out the risk of recession. This immediately affected the financial markets, with the S&P 500 recording its worst week since September 2024.
At the same time, U.S. stock futures also declined in early trading, pulling down risk assets, including cryptocurrencies.
Bitcoin down 1.5% to $83,297
Ethereum down 0.7% to $2,125
Can the ETF Save XRP?
The decline of XRP comes after months of growth due to a series of positive signals, including:
Partial victory against the SEC in a years-long lawsuit.
Expectations for XRP ETF approval, especially as Trump promises to ease regulations on crypto.
According to predictions from JPMorgan, if approved, XRP ETF funds could attract up to $8 billion in the first year. But currently, unclear trade policies from Trump have increased uncertainty, causing capital to leave the crypto market in general and XRP in particular.
XRP's Future – Awaiting a Reversal?
Although the market is showing signs of panic, if the XRP ETF is indeed approved in the future, this could be a factor that helps this coin recover strongly. However, in the short term, March may be a challenging period for XRP as negative predictions continue to rise.
👉 Can XRP reverse or will it continue to decline? The answer will depend on the next move by the Trump administration and the patience of investors. 🚀