Trader Crypto Lord claimed that the recent shakeout attempt of XRP was unsuccessful, and holders remain confident in the token's future. Amid market volatility, XRP prices show stability.
XRP Holds Price Amid Market Volatility
After a sharp rise to $3.64, XRP temporarily pulled back to the $3.16–$3.20 range, where it currently trades. The price remains above key support at $3.00, a level that has proven resilient amid broader market sell-offs. XRP holders are showing confidence and continue to hold their assets during price dips.
Institutional Catalysts and Regulatory Changes
Speculation around a potential XRP ETF has sparked growing rumors of interest from firms like BlackRock and Grayscale. The success of new legislation, such as the GENIUS Act, and regulatory reforms in the U.S. under President Trump also contribute to optimism. These changes could open up cryptocurrency access for retirement plans, encouraging new institutional investors.
Next Steps for XRP
Analysts believe that if XRP can decisively break above $3.60, it could test highs near $5.00 and potentially climb towards $6.00. However, if the price falls below $3.00, a deeper correction towards $2.60–$2.20 remains possible. XRP's future will likely depend on Bitcoin's performance, overall market sentiment, and the pace of institutional inflows.
The success of long-term XRP holders during recent volatility confirms the strength of their positions. Expectations of future institutional inflows and regulatory changes may play a crucial role in the token's price dynamics.
