XRP price started April sitting at a crucial make-or-break level. After Ripple’s surge to $3.4 in January, it collapsed to a low of $2, down by over 37%. This crash happened even as Ripple fundamentally had a great quarter, including the SEC litigation’s end. This article explores what to expect in April.
Ripple Q1 overview
Ripple had a good quarter in terms of fundamental news. The most important Ripple news during the quarter was the Securities and Exchange Commission’s (SEC) decision to end its lawsuit against the company.
The SEC, under Gary Gensler, accused Ripple Labs of committing a few crimes. Its most important accusation was that the company sold unregulated securities to investors in 2013 when it raised billions.
Under Justice Analisa Torres, the court agreed with Ripple that XRP sold to individuals was not a security. However, she also agreed with the SEC that Ripple violated some of the laws and fined t $250 million.
The SEC appealed that ruling, while Ripple filed a cross-appeal, which the SEC agreed to withdraw in March. In the end, Ripple paid just $50 million and spent over $150 million in legal fees.
The ending of this case was significant for Ripple because it will now be free to make deals with American companies that stayed in the sidelines because of the case. This is an important part for Ripple as it seeks to create a viable alternative to SWIFT, a network that handles billions of dollars in transactions.
XRP ETF applications
Ripple also had a great quarter as tens of companies applied for a spot XRP ETF. This includes companies like Canary, Fidelity, and Grayscale. The agency’s odds of approving the spot XRP ETF remained above 85%.
Such approval will likely lead to more inflows from Wall Street investors. There are chances that this approval will happen in April or in the second quarter.
XP price also reacted to the growth of the XRP Ledger network. Some of the most important players in that ecosystem were Ripple USD (RLUSD), Sologenic, Crypto Trading Fund, Coreum, and Salute.
Ripple USD (RLUSD), its stablecoin, gained a market cap of $243 million, making it one of the most popular stablecoins in the industry. This XRP Ledger network will likely keep growing in the next few months.
XRP price forecast for April
XRP price chart | Source: TradingView
The XRP token will be in the spotlight in April as investors watch whether the SEC will approve a spot XRP ETF. Also, traders will focus on the deals that Ripple Labs will make during the month.
Most importantly, its price action will depend on the general performance of the crypto market. The expectation is that the price will start the month in a dull mood because of Donald Trump’s tariffs.
The weekly chart shows that the XRP price peaked at $3.4 in the first quarter and then dropped to about $2, where it found substantial support. It failed to move below this price several times during the quarter.
XRP remained above the 50-week moving average. Therefore, a crash below the support at $2 will mean that the coin has moved into the markdown phase of the Wyckoff Theory, which is characterized by a big decline.
Don’t shoot the messenger.
Your favorite Beanie Baby/Pet Rock crypto displays a classic complex H&S top. This could become bullish if 3.0 is exceeded, otherwise the implications is a decline to 1.07. If you have an issue with this, take it up with Magee and Edwards $XRP
1.4K
Reply
Copy link
As such, if this happens, the next point to watch will be at $1.8475, the 61.8% Fibonacci Retracement level, which is about 30% below the current level. A move above the resistance at $3 will invalidate the bearish view because it will cancel the head and shoulders pattern.
The post XRP price prediction for April 2025: buy, sell, or hold Ripple? appeared first on Invezz
