What to Expect from XRP Price in April 2025
The post What to Expect from XRP Price in April 2025 appeared on BitcoinEthereumNews.com.
XRP has faced a period of stagnation in recent weeks, with its price struggling to gain significant direction. After a series of recent bullish developments, the altcoin’s macro-scale price action has shown signs of saturation. Despite the positive catalysts, XRP remains stuck in a consolidation phase, making it difficult to predict its next move. Temujin Louie, CEO of Wanchain, spoke to BeInCrypto about the impact of these external catalysts but leaned towards them failing to trigger any rallies. “While the SEC dropping its years-long lawsuit against Ripple Labs is undoubtedly a net positive, it hasn’t triggered an immediate surge in XRP’s value because this development doesn’t directly improve utility or drive adoption. XRP remains today as it was before and during the SEC lawsuit,” said Louie. The ongoing hype and discussions surrounding XRP ETFs have also been impacting the volatility. Investors have been expecting prices to surge owing to the potential of a new XRP ETF. “Speculation around an XRP ETF hasn’t generated the same excitement as BTC or ETH ETFs. The market’s enthusiasm for crypto ETFs diminishes with each subsequent approval. The 4th, 5th and 6th-approved asset just become one of many, as the novelty of crypto ETFs wears off,” Louie noted. XRP Is Repeating History XRP’s Network Utilization and Profit/Loss (NUPL) indicator shows that the altcoin is currently saturating. This suggests that there has been little progress in terms of price movement, and XRP needs strong market cues to take a clear direction. Historically, XRP has experienced similar consolidation phases. Back in 2017, the coin consolidated for nine months before a massive boom that saw prices surge. However, after breaching key levels, XRP entered a period of consolidation followed by a sharp decline. The same pattern could be happening now, with XRP facing a four-month consolidation period, which…
Filed under: News - @ March 28, 2025 7:25 pm