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  • ๏ปฟAnjali Belgaumkar
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    Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โ€œEnthusiastโ€ but trust me I'm getting there.

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XRP Price Prediction: Analyst Eyes $5 Target Despite 5% Drop

  • currency-symbol XRP $ 2.11 (-1.62%) top looser
Story Highlights
  • XRP drops 5% amid market sell-off โ€“ Analysts watch key levels as recession fears, tariffs, and liquidity issues impact crypto prices.

  • XRP ETF approval could be a game-changer โ€“ Analysts see $5.83 as the next target, but breaking $6 this year remains uncertain.

XRPโ€™s price has taken a hit recently, and itโ€™s not just XRPโ€”Ethereum, Dogecoin, and Bitcoin are all down too. Bitcoin is struggling to hold the $85,000 mark, which is a key support level. So, whatโ€™s causing this sell-off?

A few key factors are at play. First, fresh tariffs announced by President Trump are causing market jitters, especially with new taxes on the auto industry. This uncertainty is making investors nervous, which affects both traditional markets and cryptocurrencies like XRP.

Another reason is the fear of a potential recession, fueled by inflation data and economic reports. Even though the fear of a recession isnโ€™t fully backed by facts, itโ€™s still affecting investor confidence. Plus, thereโ€™s a lack of liquidityโ€”meaning not enough money flowing into the markets, which makes prices more volatile.

XRP Price: What Comes Next?

XRP has been catching a lot of attention lately, with experts trying to figure out where its price might head next. Some think XRP could hit between $10 and $11, but thatโ€™s not set in stone. A big factor to watch is the potential approval of an XRP ETF, which could really shake things up.

Crypto analyst Evan Aldo took a closer look at XRPโ€™s chart and said itโ€™s a bit unusual right now. He thinks XRP might hit around $5.83 soon, which is a key price level. However, he doesnโ€™t expect it to break $6 this year, and reaching $10 might be a bit too ambitious.

Source: Coinpedia Markets

Aldo also pointed out that if XRP can go above $3.30, the next target could be around $5. Itโ€™s important to understand that XRP has a history of staying flat for a while before suddenly jumping, so things could change fast. At press time, XRP has dropped more than 5% and is trading at $2.14.

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FAQs

Why is XRPโ€™s price dropping?

XRPโ€™s price is falling due to market-wide sell-offs, economic uncertainty, new tariffs, and concerns over liquidity, making investors cautious.

Can XRP reach $10 in 2025?

Some analysts predict XRP could hit $10, but resistance at $5.83 and market conditions may limit gains this year.

Will an XRP ETF approval boost its price?

An XRP ETF could attract institutional investors, increasing demand and potentially driving prices higher, but approval remains uncertain.

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