Krutika Adani
XRP has spent the last two years moving around the $0.5 level. Even during Bitcoin’s halving, when the entire market rallied, it rose to $0.74 but quickly returned to $0.5.
In spite of a clear win in retail XRP sales and a favourable end to the institutional case against the SEC, XRP still lies at its crypto winter levels.
XRP might be waiting for a market trigger before entering a rally, which explains its lack of movement despite the crypto's bullish undertones.
Rising institutional interest, expectations of an ETF, and the rise in its utility paint a very bright future for cryptocurrency.
If the US Fed triggers a crypto market rally by giving a 0.25% to 0.5% rate cut, it could push XRP towards $1.