On Monday, April 7, XRP fell by 1.22%, plummeting by 10.38% on Sunday, closing at $1.8983. XRP underperformed compared to the broader market, which rose by 0.61%, bringing the total cryptocurrency market cap to $2.47 trillion.
Several catalysts need to be considered that may affect the price trend of XRP:
SEC and Ripple court documents: Withdrawal or settlement could push XRP to a historic high of $3.5505.
Prospects for an XRP spot ETF: Approval from regulators could trigger institutional inflows; delays may limit upside potential.
Macroeconomic risks: Escalating US-China trade tensions, rising US inflation, or hawkish guidance from the Federal Reserve could push XRP down to $1.7938, while easing conditions may support a rebound to $3.00.
🌱 What you see is the 'current price',
🌄 What we see is the 'future landscape'.
SCDO - Consensus of the technical faction, choice of the value faction.
📊 Bottom accumulation, the ecosystem is heading towards prosperity!