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Is XRP price around $2 an opportunity or the bull market's end? XRP has dropped nearly 40% to around $2.19, two months after hitting a multi-year high of $3.40. The cryptocurrency is tracking a broader market sell-off driven by President Donald Trump’s trade war despite bullish news like the SEC dropping its case against Ripple. However, XRP is still up 350% from its November 2024 low of $0.50, suggesting a consolidation phase after a strong rally. This sideways action has sparked discussions over whether it’s the end of the bull run or a prime buying opportunity. XRP has been consolidating between $1.77 (support) and $3.21 (resistance) since January, with repeated rejections near the top of the range and fading bullish momentum.

Spot On Chain, the AI-driven crypto data analysis platform, has highlighted a contrasting trend between Bitcoin and Ethereum ETFs. In its latest report on X, the analysis platform revealed that the Bitcoin ETF ended a 10-day streak of inflows, while the Ethereum ETF swung in the opposite direction by ending a 3-day streak of outflows. According to Spot On Chain, the net flows for both Bitcoin and Ethereum remained stagnant throughout the week, ending on March 28, suggesting hesitation from buyers and investors. Nonetheless, Bitcoin’s price gained 7.5% during the period, highlighting the week-long steady inflow, even though the price has pulled back in the past 48 hours. Related Article: ConsenSys CEO Foresees The Approval of Staking Features on ETH ETFs In the meantime, Ethereum also recorded notable gains in the past week, surging 10.5% amid bearish pressure. The flagship altcoin has struggled to recover its bullish momentum since forming a double-top formation on the weekly chart. The cryptocurrency has lost over 55% since November last year, tumbling from $4,109 to trade for $1,834 at the time of writing. Notably, Bitcoin’s price has benefited more from an ETF launch than Ethereum. BTC gained over 185% last year after an SEC ETF approval enabled institutional investors to adopt the cryptocurrency. BTC’s 2024 rally reflected a classic bull run, with the cryptocurrency establishing a new all-time high of $109,356. Related Article: Bitcoin vs Gold: Why BTC ETFs Are Attracting Far More Capital Now? Ethereum did not replicate BTC’s behavior. The altcoin’s ETF approval by the SEC in May 2024 raised investors’ hopes. However, Ethereum has underperformed compared to Bitcoin. The altcoin’s notable rally in 2024 came with the general crypto market rally that followed Donald Trump’s election victory last November. Nevertheless, the recent development observed by Spot On Chain could signal renewed hope for ETH. A switch to positive ETF flows could boost the cryptocurrency’s value in the short term and motivate ETH bulls for further upward momentum ahead of an anticipated bull run. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The price of XRP, the cryptocurrency created by Ripple Labs, has declined over the past few days, contrary to many users’ expectations. The cryptocurrency’s price tumbled, losing 17% of its value since last Wednesday after Ripple’s CEO Brad Garlinghouse announced that the case between the SEC and the FinTech firm has ended. Many crypto analysts consider the recent XRP trend disappointing, considering expectations that ending the case would promote bullish sentiments toward the altcoin and trigger an influx of buyers into its ecosystem. Instead, the digital asset has experienced a significant sell-off, dropping its price from $2.48 to $2.06 in less than four days. Related Article: Ripple SEC Settlement May Arrive by April, Says Lawyer Garlinghouse posted a video on X last Wednesday, telling the crypto community that the legal battle between Ripple and the SEC has ended. According to the Ripple CEO, the four-year-long case was doomed even before it started. Garlinghouse considered ending the case as proof that Ripple would be on “the right side of history.” Despite Ripple’s insistence that it was innocent of the SEC’s lawbreaking allegations, the litigation’s impact on the XRP was significant. The cryptocurrency’s price stalled amid massive crypto adoption and soaring prices of its counterparts like Bitcoin and Ethereum. Therefore, many retail crypto traders believed ending the case would be a significantly bullish signal for XRP. Related Article: XRP Rebound Potential: Ripple SEC Case Breakthrough & Trump’s Crypto Mention Spark Price Recovery Hopes In the meantime, it may be too early to conclude how ending the case would affect XRP’s price. According to reports, Ripple and the SEC agreed that the FinTech company would pay a $50 million fine instead of the originally proposed $125 million. Most crypto users consider the condition a win for Ripple and a positive sign for things to come. XRP has recovered slightly from the recent decline and traded for $2.18 at the time of writing, reflecting a 6.3% surge from the recent low, according to data from TradingView. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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