Will the 'institutional bet' catch fire or will 'slow burner' suddenly ignite?
The XRP price wasn't particularly impressive over the past week, despite a bullish momentum into the crypto market. According to the latest on-chain data, the altcoin might be about to put this period of sluggish price action behind it, with a potential breakout on the cards.
XRP holders are targeting up to 10% passive returns as new yield opportunities emerge across crypto lending.
While the price of the crypto XRP tries to extend a recent rebound, activity on its network plummets. This divergence between market and actual usage weakens the ongoing momentum and raises questions about the strength of the movement.
Among major cryptocurrencies beyond Bitcoin and Ethereum, XRP and Solana stand out as two of the most closely monitored digital assets. While both command significant market attention, their investment narratives diverge considerably.
Sudden selloff triggered liquidation-style move, with weak recovery reinforcing bearish structure despite compressed volatility setup.
The events unfolding in the Strait of Hormuz are not just a geopolitical story. According to analyst Mickle, they may be the moment the world learns it does not need the dollar to settle trade.
XRP trades at $1.33 with analyst forecasts targeting $1.40 by April 2026. Technical analysis reveals neutral RSI at 43.95 and key resistance at $1.39.
Crypto markets slipped on Friday after Vice President JD Vance confirmed that direct US-Iran negotiations in Pakistan ended without an agreement, reviving fears of continued conflict and uncertainty in global markets. Bitcoin dropped below $72,000, trading around $71,503 at time of writing, down 1.82% in 24 hours.
XRP, the fourth largest cryptocurrency by market capitalization, has completed a golden cross on its short-term charts, but the timing of the bullish signal raises questions. The 50 MA rose above the 200 MA on the two-hour chart, indicating a golden crossover.
The XRP price saw a sharp upward boost on Tuesday, April 7th, owing to the somewhat de-escalating tensions between the United States and Iran. This price momentum follows multiple weeks of unstimulating price movements, mirroring the general market's uncertain state.
Back in 2016 and 2017, when XRP was worth less than a penny, Ripple's then-CTO David Schwartz laid out a rough roadmap of what the token could fetch if things went right. Related Reading: Bessent Presses Congress On Crypto Rules As Senate Clock Ticks Down Matching Bitcoin's market share, he said, could push the price to around $2.