Analyzing the first quarter of 2025 reveals a poor performance by the altcoin market led by Ripple Labs’ XRP, influenced significantly by political tensions related to Donald Trump's inauguration.
Cryptocurrency Market Situation in Q1 2025
The crypto market in Q1 2025 experienced a downturn linked to Donald Trump's second presidential term and news surrounding his economic policy. Expectations of new tariffs in April caused investor concerns, leading to a capital rotation from cryptocurrencies to gold.
XRP Price Expectations in April
After closing two bearish months, XRP is poised for recovery in April. The price established strong support at $2, with expectations of a rebound. Technical analysis suggests that a consistent close above this level for two weeks could push the price above the 200-day moving average.
Near-Term Fundamental Outlook
In the coming months, XRP is set to benefit from the closure of the SEC case against Ripple and increased institutional interest in Ripple's cross-border payment solutions. The SEC is considering classifying XRP as a payment solution, which could significantly impact its market valuation.
While Q1 2025 was tough for the altcoin market, XRP holds growth potential in April due to key legal and economic changes.
