Why Is XRP Going Down Today? Major Factors Influencing XRP Price

By / / Crypto News, Daily News
Why Is XRP Going Down Today? Major Factors Influencing XRP Price

Overview:
XRP is currently priced at $3.10, depreciating by 2.41% today. Over the past week, the XRP price has been following a consolidation trend, dipping by 0.90%, leading to significant speculation among investors. Below are the major factors influencing XRP’s price:

Table Of Contents
  1. 1. Social Media Backlash & Bitcoin Reserve Controversy
  2. 2. Rumors Surrounding the Introduction of an XRP CME Group ETF by the Exchange
  3. XRP Price Prediction: Will XRP Reach $10?
  4. Conclusion: Will XRP Go Up or Continue to Fall?

XRP is currently priced at $3.10, depreciating by 2.41% today. Over the past week, the XRP price has been following a consolidation trend, dipping by 0.90%, leading to significant speculation among investors. Below are the major factors influencing XRP’s price:

1. Social Media Backlash & Bitcoin Reserve Controversy

One of the primary reasons for the recent price drop of XRP is the controversy surrounding Ripple’s alleged lobbying against the Strategic Bitcoin Reserve (SBR).

  • Pierre Rochard, VP of Research at Riot Platforms, accused Ripple of spending millions to undermine the development of the SBR and to promote its own Central Bank Digital Currencies (CBDCs) agenda.
  • This controversy has sparked heavy criticism across social media platforms, with some viewing Ripple’s actions as threatening Bitcoin and US economic prosperity.

This backlash has led to skepticism over the real intentions behind Ripple’s operations, thereby creating bearish pressure on XRP prices.

2. Rumors Surrounding the Introduction of an XRP CME Group ETF by the Exchange

Speculation surrounding the CME XRP ETF is another contributing factor to the movement of XRP’s price.

  • Although the CME Group has listed XRP and Solana Futures ETFs on its beta website, rumors suggest that a launch could occur by February 10, pending regulatory approval.
  • While an official announcement of the XRP ETF could be a game-changer, potentially bringing prices as high as $10-$15, the lack of an official statement has created market uncertainty, leaving investors cautious and leading to a downward price trend.

XRP Price Prediction: Will XRP Reach $10?

Despite the short-term setback, XRP maintains a relatively hopeful long-term outlook. Below is an overview of the projected price movement in the coming years:

  • December 2025: XRP is likely to fall within a price range of $3.65 to $3.68.
  • 2026: Price could move within a range of $3.03 to $3.71, averaging around $3.27.
  • 2030: The long-term forecast suggests a potential range of $6.16 to $7.12 for XRP’s price.

Conclusion: Will XRP Go Up or Continue to Fall?

While short-term challenges like regulatory concerns, the ongoing XRP lawsuit, and the CME Group ETF rumors are weighing on XRP’s performance, the long-term outlook remains cautiously optimistic.

  • If Ripple can resolve its ongoing issues and gain positive regulatory clarity, XRP may experience significant growth in the future.
  • Investors are advised to stay updated on the XRP court case, CME ETF approval, and consider broader macro market conditions before making any investment decisions.

Currently, XRP’s fate depends on these key factors.

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