$XRP
📊 Price Decline Factor
The decline in XRP prices occurs amid a broader correction in the crypto market, with Bitcoin and Ethereum also experiencing declines. Negative market sentiment is influenced by US inflation data that was lower than expected and uncertainty ahead of important decisions from the SEC regarding Ripple.
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⚖️ Regulatory Developments and ETF
The SEC is evaluating the XRP ETF proposal from WisdomTree, which could enhance the legitimacy and institutional demand for XRP if approved.
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📈 Price Predictions
Despite short-term pressures, some analysts remain optimistic about XRP's long-term prospects. Price predictions vary, with some analysts estimating potential rises to $6.29, $13, even $22, depending on market and regulatory developments.
