Ripple Wins, ETFs Coming, So Why XRP Price Hasn't Exploded Yet?

Crypto veteran Austin Hilton again weighed in on the situation around the XRP price that's actually down 4% today, now trading below $2.40.

Crypto veteran Austin Hilton has again mused on the situation around XRP’s price, which is actually down 4% today, now trading below $2.40.

However, this is still in line with our pessimistic XRP price prediction for this week – to stay in the $2.30 – 2.50 range.

After months of legal battle, Ripple is nearing a settlement with the SEC. The regulatory body has also become less hostile, hinting at a shift in its approach to crypto regulation behind closed doors.

The company is also close to settling the $125 million fine, a major hurdle that has dampened investor morale for months now.

Why Isn’t XRP Booming Yet

Despite the legal progress, XRP’s price remains sluggish. A factor attributing to this is the global economic uncertainty that’s making investors cautious. Many are keeping their funds in stablecoins.

People are concerned about broader economic issues. From inflation and AI job threats to the overall instability of the global economy, investors are largely remaining on the sidelines. Both individual and big institutional investors are playing it safe.

The entire crypto market is in a similar holding pattern. Bitcoin, Ethereum, and other major cryptocurrencies are awaiting a shift in market mood.

On a positive note, companies are applying for XRP Exchange-Traded Funds (ETFs). Some believe BlackRock might even create an XRP ETF, which could be a major turning point.

Meanwhile, Ripple keeps forging partnerships and showcasing XRP’s real-world applications, slowly building the token’s footprint.

Analysts like Austin Hilton are optimistic, viewing XRP as a long-term investment opportunity. The advice is to stay patient and consider the broader context rather than daily price changes.

Crypto has always been about the long game. While XRP isn’t booming yet, the stage is being set for future growth.