The price of XRP is predicted to hit $1.25 in the near future, according to analyst Egrag Crypto. He believes that XRP still shows weakness unless it can close above the $2.33-$2.45 range. Egrag advises his followers to accumulate XRP during price dips and not to panic sell.
Another analyst, Dark Defender, also mentions that the $2.222 level is an important point in XRP’s price action. He believes that XRP’s Monthly Wave 4 is nearing its end.
The crypto market started the week with gains, and Bitcoin saw a surge of over 7%. This increase came after the announcement that U.S. President Donald Trump would roll back tariffs on Chinese imports. Bitcoin’s rally was largely driven by $3.06 billion in weekly inflows into U.S. spot Bitcoin ETFs.
Altcoins also performed well, with XRP up 4%, Solana up 1%, and Cardano up 2% over the past day. XRP has been making headlines as the SEC has approved ProShares’ first-ever XRP futures ETF, which is set to go live on April 30. ProShares is planning to launch three XRP-tracked products this week after receiving SEC approval.
The approval of these XRP ETFs follows Ripple’s victory over the SEC in March, which cleared major regulatory hurdles for XRP.
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