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Top analysts warn of further downside, with possible dips to $1.60 or even $1.24 due to bearish patterns and regulatory delays
XRP is the native cryptocurrency of the Ripple network. Recently, it has shown serious fluctuations in value, having touched $3.20 in January 2025 and declining about 45% to trade at about $2.21. The recent downturn has created further wariness among investors regarding another decline.
Thus, it is found: Broadly bearish, the indicators characterize the price chart of XRP. Market analyst Crypto Paradise has pointed out a rising wedge formation, which generally hints at an imminent fall in price. According to him, XRP can hit the support at $1.60 sometime in the short term.
Another analyst, EGRAG CRYPTO, warns about a possible drop to the $1.24 level. He urged investors to be careful and think about accumulating XRP during the dip as opposed to panic selling.
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) stands to affect XRP, with the most recent developments in market price behavior. In March 2020, a settlement was reached between Ripple and the SEC under which Ripple consented to pay a US$50 million fine without admitting to any wrongdoing. This thus drew a final curtain on one of the most widespread legal cases across cryptocurrency history.
Nonetheless, even after this settlement, there still lie clouds of uncertainty. For instance, the SEC has postponed its final ruling on the proposed cryptocurrency exchange-traded fund (ETF) for XRP until June 17, 2025.This postponement has added to investor apprehension, as the approval of an ETF could significantly impact XRP's market dynamics.
Market sentiment towards XRP is currently mixed. While some analysts predict a potential rally, others remain cautious. CoinCodex forecasts that XRP could reach an average price of $2.03 in May 2025, with fluctuations between $1.67 and $2.28.
Long-term predictions vary widely. Changelly analysts are particularly optimistic, projecting that XRP could reach as high as $2,409 by 2050, representing an extraordinary increase. However, such long-term forecasts are speculative and depend on numerous factors, including regulatory developments and market adoption.
XRP's recent price decline and the ongoing regulatory uncertainties present challenges for investors. Technical indicators suggest the possibility of further short-term declines, with support levels identified around $1.60 and $1.24. While the settlement with the SEC has removed a significant legal hurdle, the delay in ETF approval and mixed market sentiment contribute to a cautious outlook. Investors should closely monitor these developments and consider their risk tolerance when evaluating XRP as an investment.
