The post 2 Bearish and 2 Bullish Factors to Watch appeared on BitcoinEthereumNews.com.

TL;DR XRP’s recent dip comes alongside a drop in key on-chain metrics – like active accounts and executed transactions – hinting at declining user engagement and a potential short-term correction. Despite the concerns, optimism remains high as Polymarket gives a 92% chance for a spot XRP ETF approval by end-2025, while negative exchange netflows suggest reduced immediate selling pressure. Pullback on the Horizon? Ripple’s XRP started July on the right foot, with its price rising to as high as $2.30. The uptrend, however, was short-lived, and it currently trades at around $2.17 (according to CoinGecko’s data). Meanwhile, the decline of certain XRP metrics suggests the asset’s investors may have to endure a more substantial correction in the near future. Data shows that the number of active accounts, the number of executed transactions, and the number of newly activated accounts have headed south in the past few days. This development points to reduced user engagement and utility in XRP’s ecosystem, which may lead to price stagnation or even a pullback.  Interest in Ripple’s cross-border token has also waned over the past several months. Google searches involving the asset are currently far below the peak levels registered in December last year. This could mean that fewer new buyers are entering the market. XRP Google Searches, Source: Google Trends The Bullish Signals Every coin has two sides, so let’s also observe the factors that suggest Ripple’s native token might be on the verge of a renewed rally. To begin with, XRP investors could gain significantly if a spot ETF receives regulatory approval in the United States. A growing list of major firms – such as Grayscale, Bitwise, Franklin Templeton, 21Shares, and others – have already expressed interest in launching such a product.” According to Polymarket, there’s a 92% chance that a spot XRP…

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Filed under: News - @ July 2, 2025 5:27 pm