XRP Price Crash: Ripple ETF Launch in US and Events Offers Hope

XRP, the popular crypto token by Ripple, is again facing a tough time in the market. According to CoinMarketCap, on April 9, 2025, the XRP price dropped 3.62% in a single day, now trading at $1.80. The market cap stands at $105.22 billion, with a 24-hour trading volume of $7.28 billion.

Source: CoinMarketCap

Over the past 7 days, the coin has fallen by 13.26%, and in the past month, it's down by 17.18%. For nearly a month, the altcoin has been moving sideways between $2.55 and $1.65, showing signs of uncertainty in the market.

Why XRP is Falling: What's the Reason?

Trump Tariff War : Trump's 104% tariff on Chinese goods, China retaliated with a 34% tariff on American goods and a ban on rare earth exports. These actions have rocked international markets — the S&P 500 fell 20%, Nasdaq fell into a bear market, and Hong Kong's Hang Seng Tech Index fell by 27%. This has also affected crypto assets. Bitcoin declined by 2.51% to $77,472.52 and Ethereum declined 6.33% to $1,469.52.

Ripple SEC News Update: The SEC recently rejected an emergency motion in the Ripple case filed by Justin Keener, saying the court doesn’t have jurisdiction while the case is under appeal. Keener claimed he had strong evidence to support Ripple, but the SEC said he failed to submit a proper legal motion. They also stated Ripple’s legal team is capable of handling the case and suggested Keener could share his documents directly with Ripple outside of court.

Will XRP Recover? ETF Launch and Market Activity Signal Hope

Futures Trading Volume Spikes: According to Ali Martinez , between March 6 and April 7, XRP futures trading volume hit a monthly high of $21.62 billion, even though the price dropped from $2.55 to $1.90. This shows that trader interest is still strong.

Source: X

First-Ever XRP ETF Launched : Teucrium Investment Advisors launched the Teucrium 2x Long Daily XRP ETF (XXRP) in the U.S. with 2x leverage. It got listed on NYSE Arca on Tuesday, April 8, and comes with a 1.85% management fee. This is the first Exchange Traded Fund of its kind, even before a standard spot ETF has been approved.

Ripple ETF Approval Prediction: On Polymarket , the chances of an ETF approval in 2025 have gone up from 73% on April 2 to 77% on April 9. This rising confidence shows that the community is still optimistic about the project.

Source: Polymarket

XRP Price Prediction: Should You Buy?

According to TradingView Chart , from April 6 to April 9, the altcoin traded between $1.60 and $2.00. A sharp fall on April 7 took it from $1.98 to $1.63, then it bounced back close to $2.00. After sideway movements between $1.82 and $1.95, the coin fell again to $1.70, and now it is recovering a little to $1.80.

Source: TradingView

The major resistance level is at $1.95, and the strong support is at $1.63. If the bulls drive the price through $1.95, we may see a run to $2.05. If the price falls below $1.63, it may go down to $1.55.

Considering the distant future, Standard Chartered Bank made a very strong XRP price prediction — they are predicting the altcoin to grow up to $12.50 by the close of 2028, a 500% surge from its current value.

Conclusion

Right now, the altcoin is facing some big challenges, like global market stress and legal troubles. But at the same time, the growing trading volume, the launch of a leveraged Exchange Traded Fund , and rising ETF approval chances are all signs of a strong and active community. The token might be in a dip now, but its long-term future still holds potential—especially with increasing interest from institutions and positive platform developments.