 ▲ Ripple (XRP) |
Contrary to market expectations that a revaluation of XRP (Ripple) could occur immediately, an analysis suggests that the actual catalyst for a price surge may emerge several quarters later.
According to cryptocurrency-focused media outlet Watcher.Guru on March 12 (local time), market analyst Mickle stated that the timing of XRP’s price revaluation is likely to differ from what investors anticipate. XRP is currently trading at around $1.37, down about 12% from approximately $1.59 in early March. Amid recent geopolitical tensions and heightened market volatility, price movements have also shown instability.
Analysts believe that increasing regulatory clarity surrounding Ripple and the upcoming payment service “X Money” being prepared by Elon Musk’s social platform X could act as new variables. X Money is expected to provide peer-to-peer transfers and financial services based on Visa’s infrastructure. If cryptocurrency payment functions are added in the future, XRP is considered a strong candidate for integration.
Ripple has been building payment infrastructure targeting the institutional settlement market, including RippleNet, the XRP Ledger, and the stablecoin Ripple USD (RLUSD). This structure is designed to enable fast and low-cost cross-border remittances, which is why XRP is frequently mentioned as a leading candidate whenever institutional adoption is discussed.
However, Mickle emphasized that expectations of an immediate price spike upon the passage of regulatory legislation should be approached with caution. He pointed out that even when Ripple’s lawsuit with the U.S. Securities and Exchange Commission (SEC) concluded in 2024, XRP’s price did not react instantly. He explained that it typically takes several months for investment committees and risk management divisions at major financial institutions to adjust their strategies.
The analysis suggests that the real catalyst for price growth is more likely to be institutional partnerships and adoption announcements following regulatory clarity. Mickle projected that such developments could emerge one to two quarters after the legislation is passed, rather than on the day of its approval. Currently, futures open interest has declined to approximately $2.33 billion, and about 31 million XRP have recently moved to exchanges, indicating cautious short-term market sentiment. The key support level to watch is around $1.30, and a break below this level could intensify additional downward pressure.
*Disclaimer: This article is for investment reference purposes only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*