The Ripple XRP Price Prediction is $4.20.

In the last 24 hours, cryptocurrency has seen a large correction. Bitcoin’s (BTC), plummeting to below $90,000 levels, has set in motion a series of events. BTC is not the only asset to follow BTC down. Ripple’s XRP coin is one of these victims. XRP has dropped 9.7% on the charts for the week, 4.3% on the charts for 14 days, and 197% from the prior month. The price of XRP is up 3% over the last 24 hour despite recent corrections. Since February 2024, the asset has also gained 325.7%.

Please Read This: Bitcoin Crash: How High Can BTC Surge In 2025 Now?

Crypto Market Faces the Wrath of Tariffs

After the US reimposed Tariffs on Canada, and Mexico. US tariffs had been halted for 30 days. Bitcoin’s (BTC), Ripple XRP and other assets took a significant hit following the announcement.

Please Read This: Broadcom (AVGO) to Join $1T Club as Stock Still Has 47% Upside

Bybit’s recent hack appears to have fueled the current market decline. In the hack, nearly $1.4billion worth of Ethereum assets were lost by the exchange. XRP’s price also dropped after the biggest hacking incident in cryptocurrency history.

The XRP is predicted to reach a new all-time high of $4.20

XRP, Ripple’s cryptocurrency is predicted to rise in the months ahead despite the weak market. CoinCodex predicts that XRP’s new high will be $4.20 in April. 15. If XRP reaches the target of $4.20, it will rise by 82.61%.

It is highly likely that this year, the SEC would approve an XRP spot ETF. This could result in a dramatic increase in investor confidence. The ETF might also result in a significant increase of institutional investments. A similar development would likely increase the price of XRP.

Please Read This: Home Depot (HD) Stock Jumps 4% as Earnings Outperform

It is possible that an asset may not perform as expected. Market recovery is still a long way off. The macroeconomic environment could pose significant obstacles to the market’s recovery.