XRP price has been struggling to break the $2.5 resistance for over a week now. While wide banking adoption and favourable regulatory approaches taken by governments around the world did benefit XRP to break the $1 barrier, a massive bull run is still awaited by investors.
February was expected to change the momentum of XRP and send its price to $5 or $10 by many analysts. However, on Feb 3, the market crashed, and XRP dropped from $3 to $2.1 in just a few hours.
Since then, XRP has been unable to gain good momentum. In a relief bounce on Feb 4, the XRP price reached $2.7, but that was short-lived, and the price again dropped back to $2.2 in two days.
After that, the XRP price has never been able to cross the $2.5 mark. As of now, the XRP is trading at $2.38.
ChatGPT, one of the most used AI tools, also predicted XRP price could soar to $10-$50 with ETF approvals. While this may have been fascinating, many analysts also believe that ETF approvals can pump the XRP price to $30 and beyond.
This creates a big question: when will XRP break this $2.5 barrier?
While everyone is optimistic for XRP, a further price drop can also bring it down to $2 again, its recent support. Only time will tell what happens next.
Also Read: XRP Drops as Investors Stay Cautious Despite ETF Hype
