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- CoinCodex predicts that XRP, the fourth-largest cryptocurrency by market cap, could surge to $3.78, surpassing its all-time high of $3.40.
- Analysts suggest that these predictions could hinge on the outcome of the SEC’s closed-door meeting on April 3, as well as the potential approval of an XRP ETF.
As of April 1, Ripple’s XRP is trading at $2.10. Investors and analysts are closely monitoring its trajectory this month, with various forecasts predicting potential price movements.
Over the past 24 hours, XRP has risen slightly by 1.5%, but it remains down 13.5% over the last seven days. However, the asset has surged an impressive 240.6% since March 2024. Additionally, XRP’s trading volume has increased by 26.89% in the past day, reaching $3.5 billion.
Some analysts remain optimistic about XRP’s prospects in April. CoinCodex, for instance, forecasts a significant 76.42% surge from its current price, projecting XRP to hit a new all-time high of $3.78 by April 27, 2025. With its 14-day RSI at 43.27, this bullish sentiment is echoed by CNF, which highlights the potential for substantial gains if the prediction holds true. CoinCodex further explains that a $1,000 investment in XRP today could yield a potential profit of $1,032.76 by May 7, 2025, reflecting a remarkable 103.28% ROI over the next 35 days.
Market data also reflects the growing interest in XRP derivatives. According to Coinglass, Open interest has climbed 2.04% to $3.60 billion, while options volume has seen a notable 10.71% increase, reaching $ 7.61 K. Additionally, options open interest surged by 73.18%, rising to $1.70 million. These figures indicate heightened activity and confidence in XRP’s potential, suggesting that these bullish projections may be achievable.
Factors Influencing XRP’s Price
Regulatory decisions have historically played a role in shaping XRP’s price movements. The resolution of the Securities and Exchange Commission (SEC) vs. Ripple case had a positive impact, and any new regulatory updates could sway investor sentiment. Additionally, as outlined in our previous blog post, the SEC has scheduled a closed-door meeting on April 3 to discuss legal actions, potentially addressing XRP regulations and the approval of an XRP exchange-traded fund (ETF).
Building on this, CNF reported that several major financial institutions are actively testing XRP for real-time payments. Ripple has already established partnerships with nearly 80% of banks in Japan, solidifying its presence in the region. Furthermore, the National Bank of Georgia (NBG) has recently strengthened its collaboration with the blockchain company, further reinforcing XRP’s role in facilitating cross-border transactions.
At the same time, investors are closely monitoring developments in the U.S. Congress as it deliberates on the confirmation of Paul Atkins, a pro-crypto nominee poised to succeed Gary Gensler as SEC Chair. His appointment could bolster market confidence and act as a catalyst for XRP’s price growth.
Meanwhile, global markets are on edge as they prepare for potential economic tensions. New tariffs imposed by President Donald Trump are set to take effect this week on Liberation Day, adding another layer of uncertainty to the crypto market.
