XRP remains stuck around the $2 level, with experts issuing warnings of restricted near-term growth prospects. According to recent analysis, the digital currency is going through a phase of uncommon stability that has investors speculating about its next step.

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Investor Sentiment Dampens Market Momentum

According to financial commentator Austin Hilton, millions of crypto traders have withdrawn from active participation. The market is stuck in neutral, as traders are simply waiting for a big event to set things into motion. The volumes of trade have been above $4 billion at peak levels, but the price itself remains virtually unchanged.

Summer Slowdown Impacts Crypto Trading

Analysts cite seasonal patterns as the major reason for XRP’s current behavior. Hilton describes how summer months usually experience lower trading volumes, with investors more inclined to engage in private activities than respond to market activity. This pattern might continue until July, possibly maintaining XRP’s price relatively stable.

A realistic XRP price prediction!

– Lets talk about the resistance levels for $XRP
– Also, discussed are the support levels that you need to know about
– What you need to know about your XRP holdings – so that you can navigate what is going on right now pic.twitter.com/h9kxG3a0Ex

— Austin Hilton (@austinahilton) March 23, 2025

Price Barriers Create Market Challenges

Technical analysis indicates key price levels for XRP. Resistance levels are found at $2.61 and $2.81, while support levels are at $2.22 and $2.31. Experts caution that in the absence of heavy buy pressure, the cryptocurrency might not be able to overcome these levels. Currently, XRP is trading at $2.44, with a modest 0.04% gain over the last 24 hours.

XRP market cap currently at $141 billion. Chart: TradingView.com

Long-Term Outlook Remains Hopeful

Despite current market challenges, some experts remain optimistic. Market analyst Dom suggests the current price consolidation might indicate a strong foundation for future growth. Unlike previous market cycles where XRP experienced rapid price spikes and drops, the current stability suggests a more measured approach.

$XRP

There’s one reason I will be pretty surprised if $XRP does not go higher this year, read along –

Every time $XRP has historically put in a multi month or year top, it did it quickly (as shown below)

Essentially, it never showed any mid term acceptance at those higher… pic.twitter.com/RahjM2xHwz

— Dom (@traderview2) March 24, 2025

A number of possible catalysts are on the horizon, such as developments in XRP ETF products, continued action in the SEC vs. Ripple case, and possible reserve disclosures. As of yet, however, none of these events have caused major market activity.

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Institutional investors remain quietly accumulating digital assets, creating yet another level of sophistication to the current market dynamics. Hilton advises not to anticipate extreme price increases in the near term, highlighting that there needs to be a major positive event for drastic change.

As the cryptocurrency market keeps growing, XRP investors are warned to keep close watch on the market conditions. The fourth quarter could see things pick up once again, but for the meantime, patience seems to be the main approach for those who possess the cryptocurrency.

Featured image from Gemini Imagen, chart from TradingView

The crypto market is on high alert ahead of April 2, a date some analysts are calling “the biggest event of the year by an order of magnitude.” Macro economist Alex Krüger (@krugermacro), warns that President Donald Trump’s upcoming announcement of new reciprocal tariffs could deliver a seismic jolt to global markets — including crypto.

Why April 2 Is Massive For Crypto

In a post shared on X, Krüger describes the looming announcement, which the president has dubbed “Liberation Day,” as “10x more important than any FOMC” meeting: “April 2nd is similar to election night. It is the biggest event of the year by an order of magnitude. 10x more important than any FOMC, which is a lot. And anything can happen.”

According to Krüger, Trump might choose one of several paths: “Trump could go soft, in which case markets would rally fast and furiously. Or could go half-way, adding uncertainty on timelines, in which case markets would take out the stops of all longs and shorts. Or go all out, in which case markets could easily crash another 10% to 15%, fast.“

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Krüger also suggests that “the US economy is still strong, but will highly likely slow down due to tariffs regardless of the path Trump chooses.” Nevertheless, he notes that many economists have already factored in a sharp year-end slowdown. He stresses that April 2 could mark the peak of market anxiety, aligning with the arrival of US Tax Day just two weeks later. “Either way, you all want to be prepared and ready to act on ‘Liberation Day.’ It will be big.”

Trump’s “Liberation Day” announcement will reportedly focus on “reciprocal tariffs” targeting specific countries or blocs deemed to maintain unfair trade barriers. Although this strategy appears “more targeted than the barrage he has occasionally threatened,” officials familiar with the matter believe it could still prove far-reaching.

President Trump has repeatedly signaled that these tariffs would be significant. Citing trade disparities with nations such as the European Union, Mexico, Japan, South Korea, Canada, India, and China, he asserts the US has been treated unfairly for too long. In remarks from the Oval Office, he declared: “April 2nd is going to be liberation day for America. We’ve been ripped off by every country in the world, friend and foe.”

Worst Case Scenario

Aides and allies suggest that while some countries may be excluded, Trump is looking for immediate impact. Tariff rates could take effect right away, adding to market fears of spiraling retaliation. In this case, Krüger says: “In worst case scenario sh*t would hit the fan then tariffs would start coming off as Trump negotiates hard in the following month, in which case peak negativity would hit around week 2 of April, which would coincide with US Tax Day.”

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Senior officials, including National Economic Council Director Kevin Hassett and Treasury Secretary Scott Bessent, have indicated that the administration is focusing on a “dirty 15” group of countries where tariff and non-tariff barriers are allegedly most egregious. Hassett recently remarked, “It’s not everybody that cheats us on trade, it’s just a few countries, and those countries are going to be seeing some tariffs.”

For the crypto market, global macroeconomic events have increasingly played a pivotal role in price action in recent weeks. The April 2 “Liberation Day” announcement arrives at a time when digital asset traders already face headwinds from monetary policy shifts and a slowing global economy. Krüger believes that if the tariffs come in softer than expected, “markets would rally fast and furiously.” On the other hand, a maximalist tariff approach could deliver a significant shock, potentially denting cryptocurrencies.

At press time, the total crypto market cap stood at $2.81 trillion.

Featured image from iStock, chart from TradingView.com

An Ethereum (ETH)-based altcoin is skyrocketing after gaining support from South Korea’s second-largest crypto exchange.

In a new announcement, crypto trading platform Bithumb says that it is now supporting the interoperable cross-chain bridge Across Protocol (ACX), triggering rallies for the digital asset.

News of the event caused ACX to surge, as it went from a March 21st low of $0.275 to a peak of $0.462 just a few hours later, a rise of nearly 68%. It has since retraced and is trading for $0.319 at time of writing, a 10% gain during the last 24 hours.

In its whitepaper, Across Protocol says it is the only cross-chain platform powered by intents.

Explains Across Protocol,

“Intents introduce a third party, a relayer (alternatively named filler, or solver), that does the job of delivering assets / executing user transactions quickly. An intent is a type of order where a user specifies an outcome instead of an execution path.

In practice, intents manifest as a combination of a cross-chain limit order and an action to execute, all encoded within a standardized order structure. Relayers compete on cost and speed to fill these orders, which can include on-chain actions as well as assets. Relayers deliver very quickly, without any messages.

From the user’s perspective, interoperability is solved. Their desired outcome is achieved.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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