Ripple (XRP) experiences fluctuations around $2. Analysts believe its future performance heavily depends on Bitcoin and legal developments.
Recent Market Volatility
The cryptocurrency market witnessed another correction following the implementation of new trade tariffs by US President Donald Trump. Ripple’s XRP, which was holding above $2.15, briefly dipped below $2 but shortly recovered to around $2.04, according to CoinGecko.
Analysts' Forecasts
Numerous analysts noted XRP's latest pullback, projecting interesting short-term targets. X user CRYPTOWZRD suggested that XRP is testing the $2 daily support level and added that Ripple’s performance would depend on Bitcoin: "Whatever Bitcoin does, XRP will follow that. No altcoins can escape while Bitcoin is crashing."
Legal Aspects and Their Impact
In recent developments, legal resolutions have significantly influenced the XRP price. Last month, Ripple’s CEO announced that the US SEC dropped its appeal against the company, marking the lawsuit's end. CLO Stuart Alderoty later stated that Ripple will withdraw its cross-appeal and pay a $50 million penalty (a reduction from $125 million). The amount is already in an interest-bearing account. However, an official SEC statement remains awaited, though its impact may already be priced into XRP.
Thus, Ripple (XRP) should be considered within both technical and legal contexts. Bitcoin's stability and legal outcomes could significantly influence the asset's future.
