The suspension of the “Tax War” represents the breath of XRP air.
After an ad conducted by President Donald Trump on April 2nd, within the framework of “Liberation Day” The Ripple Labs cryptocurrency price fell below $2.
As reported by Cryptonotics, the president has imposed mutual tariffs on several countries, including China, the European Union (EU), Canada and across Latin America.
The economic turbulence generated by this measure has caused bear pressure in financial markets, including Bitcoin (BTC) and cryptocurrency.
However, on April 9th, Trump himself arranged it. 90-day suspension of tariffs imposed on almost every country except Chinahe raised the tax, bringing it to a total of 145%.
The Asian giants did not stop the intersection of American products and did not increase tariffs to 125%. After this increase, Chinese authorities have indicated that they will not take any further action.
The latest news of the “Tax War” was interpreted as a positive signal for the cryptocurrency market as investors prefer a quiet and non-bioeconomic environment.
A sample of this is that most of the assets that make up the top 100 market capitalization have positive yields.
XRP had enough impulses I’ll collect $2 support.
As explained in the Cryptography section, the educational section of encryption, the term support is used to define the soil or level at which the price of an asset collides or bounces.
At the time of publication of this memo, the XRP priced at $2.14, 36% below the largest history (ATH) of $3.39, achieved in January 2025.
The $2 area has been important in recent XRP growth, serving as support and indicating interest on purchases.
If you maintain this level, you will find an upward rebound. If you lose it, it falls more and becomes resistance.
That too happens Levels that were resistance are converted to support (and vice versa).
Beyond technical rebounds and favorable macroeconomic contexts, XRP faces major challenges.
The launch of the leveraged 2x bag (ETF) bottom (ETF) called the “Teucrium 2x Daily XRP ETF” marked a milestone, but its speculative profile limits its short-term impact.
That’s the reason, The true test will be approved by etf al Cash.
Several companies, including Canary Capital, 21 Shares, Bitwise, Grayscale, and Coinshare, have submitted their respective proposals to the U.S. Stock Exchange and the Securities Commission (SEC) and have listed ETFs in XRP cash.
If these proposals are approved, institutional investors will have a regulatory method of exposure to assets, which will create an increase in demand and therefore the price of cryptocurrency.
However, while the explanation is worth it, this may not be the case either. A sample of this is what’s happening in Ethereum’s native cryptocurrency, ETF (ETH).
That’s the second challenge facing XRP indirectly. Ripple USD (RLUSD) has not yet reached the expected level of adoption.
As explained by Cryptonoticia, RLUSD is a stable Ripple Labs currency, maintaining parity of 1:1 US dollars and working with Ethereum and XRP ledger networks.
This last aspect is related to XRP. Because if RLUSD is integrated, the volume of transactions will increase in XRP ledger, and XRP will increase the demand for committee payments. Simply put, Increased activity increases the price of higher.
However, due to the large infrastructure and adoption, it is possible that RLUSD usage is concentrated in Ethereum, leaving XRP ledgers in the market background.
Now, if these challenges can be overcome, what price will XRP reach?
Exchange Bitget analyst Jacobo Maximiliano predicts that Ripple Labs’ currency could reach up to $7 in this cycle.
For Crypto Michael, Crypto Michael, XRP will reach $5.80 in the short term.
The truth is that this generally requires improving the market situation and citing Bitcoin is again over $90,000.
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