Ripple finally received long-awaited news after resolving its lawsuit, but the XRP price remains almost unchanged. Analysts discuss the conditions needed for price growth.
$2 or $3 Next?
XRP price movements in recent weeks have been underwhelming, aside from short spikes following Brad Garlinghouse's announcements. Currently, XRP struggles at $2.25, far from the $3.4 highs reached in January. Despite the hype and lawsuit conclusion, XRP failed to sustain above $3 and lost its position as the third-largest cryptocurrency to Tether USDT. The current price is 33% lower than this cycle's high, and analysts point out that surpassing $3 is essential for growth.
What’s Holding XRP Back?
Despite the positive resolution of the lawsuit and potential US-based XRP ETF, the token's price actions remain static. Trading volumes have declined, attributed to overall market stagnation and economic uncertainty influenced by political factors and Trump's policies.
What Is Needed to Restart the Bull Run?
Analysts state XRP needs to break the $3 mark to restart the bullish trend. Without this, XRP risks falling back to $2 or even $1.25. Strengthening the support level remains crucial.
While Ripple has made significant strides, the market has not yet reflected these achievements in the token's price. Analysts suggest regulatory progress and company development could help XRP break critical price barriers and renew growth.
