The cryptocurrency market has failed to live up to expectations throughout the year so far. Although favorable regulation in a host of markets is expected, prices have not followed the optimism. However, even with Ripple falling below $2.20 to end the week, experts still appear bullish on XRP for notable reasons.
Ripple made headlines this month when the US Securities and Exchange Commission (SEC) decided to drop its years-long legal battle with the crypto firm. Indeed, there are many who are expecting the asset to surge in value, but the big question is: when will that increase take place?
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Ripple Falls Below $2.20 This Week: Are Big Things Still Ahead for XRP?
There is no denying that 2025 was set to be a massive year for XRP. The token was set to be propelled by the recent end to its ongoing SEC lawsuit. Moreover, its price was going to be greatly affected by both the market and its own merit. That would be far different than what has been the case for the asset in recent years.
However, things for the token and the entire market have not gone as well as many expected. Ripple has fallen below $2.20 in the last week of March, as experts are still bullish on the potential for XRP. The question is, just how high can it go?
Also Read: Ripple: XRP Forecasted To Reach $10 by 2030
The cryptocurrency has fallen more than 7.5% over the last seven days, according to CoinMarketCap. However, it is still up more than 252% from this time a year ago, so its trajectory is still positive. Moreover, now all eyes are on a potential XRP ETF amid the position regulatory development the token has enjoyed.
EFT store President Nate Geraci recently discussed an exchange-traded fund for the asset. Specifically, he said that an XRP ETF was “obvious” and was simply just a matter of time. Additionally, Polymarket has given that investment product an 86% approval probability.
That may well be a big factor in the increasingly optimistic projection for the asset. Crypto price prediction platform CoinCodex projects XRP to end March with an average price of $3.39. Moreover, they predict it to reach a $4.81 high for the year, up 118% from its current position.