Ripple (XRP) Price Outlook: 2 Bearish and 2 Bullish Factors to Watch
2025-07-02 14:40:16
Main Idea
Ripple's XRP started July with a price increase but has since declined, with reduced user engagement and utility potentially leading to stagnation or a pullback, though a spot ETF approval could renew investor interest.
Key Points
1. XRP's price rose to $2.30 in early July but has since dropped to around $2.17.
2. Declining XRP metrics suggest reduced user engagement and utility, which may lead to price stagnation or a pullback.
3. A spot XRP ETF approval in the U.S. could significantly benefit investors, with a 92% chance of approval by the end of 2025.
4. Major firms like Grayscale, Bitwise, and Franklin Templeton have expressed interest in launching a spot XRP ETF.
5. The SEC's approval of Grayscale's request to convert its Digital Large Cap Fund into a spot ETF has increased optimism for an XRP ETF.
Description
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 $...
Latest News
- Ethereum Bounces Back as Bybit ‘Closes Gap’ on Hack Losses2025-07-04 02:28:29
- 4 Things That Could Impact Crypto Markets This Week2025-07-04 02:28:25
- Ethereum Foundation Launches Open Intents Framework to Boost Cross-Chain Interoperability2025-07-04 02:28:11
- Tether Co-Founder to Launch Yeild Bearing Stablecoin USP2025-07-04 02:27:45
- Over $5.5 Billion Stolen in Pig Butchering Scams: Cyvers Reports2025-07-04 02:27:34