The XRP price rebound didn’t have enough impulse to overcome the $2.30 historic resistance.
To better understand this market movement, it is important to remember that the term resistance is used to describe price levels that serve as a sufficient roof to prevent the asset from continuing to rise easily.
these Levels tend to repeat over time Because of psychological factors It affects market behavior.
For XRP, this dynamic has been observed on multiple occasions, as seen in the following TradingView.
At the time of publication of this memo, the XRP price was $2.14, 36% below the $3.39 record high (ATH).
After bouncing back against that resistance, the XRP price is struggling to maintain its $2.10 support.
The fact that they maintain that level will be important as the cryptocurrency released by Ripple Labs takes Shipment to get an area of $2.50.
If you exceed that level, it is important for XRP to surpass the series of future challenges.
However, before deepening the possible price catalysts, it is important to emphasize that the current rebounds of digital asset markets occur in the context of the resumption of commercial dialogue between the US, India and the European Union.
The dialogue unleashed tensions over the “customs war” that American President Donald Trump unleashed.
As already reported by Cryptonoticias, on April 2nd, the president announced mutual tariffs in several countries, including China, Canada, the European Union and all Latin America.
The announcement sparked a red tide in financial markets; Revived rumors about economic recession With major financial strength around the world.
Looking at the outcome of the measures, Trump took a 90-day break and negotiated with all involved countries except China, raising taxes to up to 145% on it.
In response, Asian authorities also uploaded tariffs, but they said they had no intention of continuing the commercial dispute.
Guo Zi-Kung, a spokesman for China’s Foreign Ministry, expressed his desire to talk in Beijing, said, “We don’t want to fight, we’re not afraid to fight. We’ll fight until the very end if necessary.
Although it is set up in a commercial contract that is available to all eyes, Trump also ruled out the possibility of removing Jerome Powell from his officehead of the Federal Reserve, which has yet to show its intention to lower interest rates.
This news accumulation has been well received by the market, and if these negotiations are realized, it can integrate more favorable scenarios for digital assets, further increasing demand and citation.
We’ve clarified the macroeconomic context, but now it’s time to analyze what follows XRP.
Ripple’s cryptocurrency has its own foundation
All looks can be added Possibility of approval of funds cited in the Stock Market (ETF) in XRP cash.
This feeling of happiness escalated after the Bag and Securities Commission (SEC) officially dismissed the charges against Ripple Labs and ended the judicial dispute that began in 2020. At the time, an agency led by Gary Gensler claimed that XRP was a valuable title (safety) Its sale was prohibited because it was not registered.
With the litigation end, the SEC will assess requests filed by companies such as Canary Capital, 21Share, Bitwise, Grayscale, Franklin Templeton and Coinshare.
One aspect to keep in mind is that there are leveraged futures ETFs that recently debuted in the market. Financial products are managed by Teucrium Investment Advisors and are named after that.”Teucrium Double Length Daily XRP ETF” and quoted under the XXRP ticket.
The fund is looking to double XRP’s daily performance with double leverage. Simply put, if XRP rises 5% in a day, the ETF aims to grow by 10%. If the 5% decreases, the fund will return to 10%.
However, the true test is ETF cash approval. These equipment are supported by assets and directly reflect market prices.
Specifically, etf al’s cash implies the actual purchase of assets with the funds being cited. It could create greater demand and have a direct impact on cryptocurrency prices.
In addition to attracting more liquidity to the Ripple ecosystem, it also allows assets to gain visibility among institutional investors.
It is important to note that despite the optimism that creates the possibility of recognition of these ETFs, their success is not guaranteed. A recent example is what’s happening in Ethereum Cryptocurrency, an Ethery ETF (ETH). This has shown lower performance than Bitcoin-based funds (BTCs) since their launch.
Another factor that serves as a catalyst for asset prices is the success of Ripple USD (RLUSD). This is a stablecoin that maintains equality with the US dollar and operates on Ethereum and XRP ledger networks.
The latter is important as the native currency of XRP Ledger is XRP. That is, if RLUSD is successful, activity will increase in the network, and therefore the demand for cryptocurrency will increase due to committee payments.
Its greatest demand As a result, XRP prices will rise.
It is also worth noting here that there is a risk that stubcoin usage will be concentrated on Ethereum.
Green light on XRP
According to Coinglass data, 15 days later, XRP (OP, the English acronym) open profit exceeded $3.1 billion. This suggests renewed interest on the part of derivative traders.
The OP is a key indicator as it represents the total number of futures contracts or options that are active in the market and have not yet been closed, liquidated or defeated.
This increase in indicator is usually interpreted as a sign of bullishness, especially when accompanied by price increases, as it indicates that more operators are betting on future price movements.
This new sentiment must be added that rumours are buried about the possibility of an alliance between Ripple Labs and Swift (Society for World and Financial Interbank Communications, Spanish).
Founded in 1973, Swift is a global system that connects over 11,000 financial institutions in over 200 countries, but is usually criticised for its slow and costly and high cost.
Until now, Swift has not confirmed an agreement with Ripple or plans to integrate XRP. Possible agreements could include RippleNet technology, but this does not require the use of XRP, thus limiting its role in the ecosystem.
Despite ripple contracts with projects such as banks and CBDCs, most do not use XRP directly. This challenge is to make XRP a truly useful tool for the banking system.
However, the fact that Ripple will work with Swift even if XRP is not part of the contract You can shoot emotions and speculation around XRPwhich usually leads to a purchase of pressure.
The crypto market usually reacts strongly to the narrative, and the possible alliance between Ripple and Swift cultivates the idea that XRP can become “bank cryptocurrency.”
So, what price will XRP arrive in 2025?
Exchange Bitget analyst Jacobo Maximiliano believes Ripple Labs’ currency could reach up to $7.
Crypto Michael, Crypto Michael, claims that XRP will reach the price of $5.80 in the short term.
That’s important for this to happen China and the US are moving forward in negotiations, Commercial War
In the future, it will be important to quote again so that BTC is at least above $95,000.
