A few weeks ago, Standard Chartered marked down their initial $8 XRP coin price target by year-end. Then, the market turbulence hit, sending crypto & stock markets down due to global shenanigans & newly-imposed tariffs in an already insecure global economy.
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On the brighter side, Ripple’s CEO Brad Garlinghouse has scored a seat at the CFTC’s Innovation Advisory Committee, with meetings planned throughout the month. Notably, most of the industry’s top figures are participating in Clarity Act’s negotiations one way or the other.
Crypto Connoisseurs Are Catching Up To Clarity Act
With the institutional validation growing slowly but surely, the Clarity Act is now facing a key date in April – if the participating banking institutions reach an agreement post-Senate review. Both Brad Garlinghouse & Ripple’s President Monica Long are confident in a multi-trillion capital inflow scenario, but the main question is ‘when’.
Brad Garlinghouse’s CFTC appointment is a win by itself. However, it doesn’t guarantee that the Clarity Act, heavily backed by the XRP Army, isn’t put on the shelves once again. Most traders are assuming XRP’s price would stay below $2 until this happens.
Oversold XRP Meets Ultra-Negative Crypto Commentary
For Standard Chartered’s prediction to follow through, the $2.80 price level means XRP’s market capitalization would approximately reach $167 billion, doubling from the current area of $85 billion, according to CoinGecko. Now, the burden of waiting is highly felt across big-time crypto investors, while retail players are still in ‘extreme fear’ mode.
Typically, this serves an oversold setup for big players, including institutional investors & single ‘smart moneys’. Convinced about a local price bottom, these crypto whales only make major moves when fear erases the typically-optimistic talks around ‘altseason’ on socials. This trend is perceived as favorable by Santiment, noting many similar instances before.
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People Also Ask:
XRP coin presently trades between ~$1.34–$1.42 amid lingering bearish sentiment, below key EMAs/Fib levels, with rallies sold off.
Bulls must reclaim immediate XRP price resistance (~$1.37–$1.43), break $1.46–$1.54 (SMA 50/upper Bollinger), hold supports like $1.32–$1.35.
Continued range-bound trading (~$1.30–$1.50), potential deeper correction if supports break, or prolonged bearish pressure from macro headwinds (geopolitics, rates).
