April 2023 Latest XRP News Highlights

1. Market Dynamics

• Price: As of April 23, the price is approximately $2.27, up 7.5% this week.

• Technical Analysis: If key resistance is broken, the short-term target is $2.70–$4.00; long-term may reach historical highs.

2. Legal Developments

• SEC Lawsuit Settlement: Ripple settles with the SEC, paying a $50 million fine, significantly reducing market uncertainty.

• Future Focus: Waiting for the SEC to formally withdraw the appeal and monitoring whether the spot ETF is approved.

3. ETF and Futures Development

• ProShares will launch XRP futures ETF on April 30.

• CME Group will launch XRP cash-settled futures on May 19, promoting institutional participation.

4. Ecosystem Expansion

• Acquisition of Hidden Road: Ripple acquires for $1.25 billion, expanding institutional DeFi layout.

• XenDex Launch: Launching the first AI decentralized exchange based on XRP, enhancing ecosystem innovation.

5. Market Expectations

• Optimistic Forecast: If the ETF is approved and the lawsuit is fully resolved, XRP could hit $3.55–$5.

• Super Bull Market Assumption: If following historical patterns, it could even reach $24–$27 in the long term.