Will XRP Price Hit $4.00? It Has Long Held a Prominent Place in the Cryptocurrency Space

Ripple's XRP has long held a prominent place in the cryptocurrency space as a top altcoin, yet its path forward remains fraught with questions.

Despite its status as a top altcoin, Ripple’s XRP has faced a challenging path, with its future still holding several questions.

At the time of writing, Ripple is currently being traded at $2.5. This XRP price point signifies a 9% decrease in the past 24 hours. However, it’s still a far cry from its all-time high of $3.84, reached in January 2021.

The large price swings seen in Ripple’s price are due in part to the rapid dissemination of XRP news reports.

This past week has seen a flurry of activity, from reports about Ripple’s ongoing tussle with the SEC to new launches in Ripple’s ecosystem.

But as the new narratives in crypto unfold, Panshibi has also entered the sphere of discussion among crypto traders.

What’s next for XRP price predictions?

The price of XRP has come under pressure in recent times as a result of the SEC case.

Despite some favorable rulings and the closed stages of discovery, the case has stalled the prospects of an early settlement.

This pushes back the potential good news flow that could propel XRP price to new highs.

At the time of writing, XRP is a top-tier coin with a market cap of $146.45 billion. However, its price is still quite sensitive to strong buying or selling pressure.

This is because a large portion of the total XRP supply is held by a small number of addresses, rendering it vulnerable to large price swings.

Could XRP hit $4.00? Optimists point to ETF filings and a shifting SEC stance, yet regulatory fears linger, pushing some to eye fresher ventures like Panshibi.