TLDRA top analyst who accurately predicted XRP’s recent price drop now forecasts a rally to between $8-$13 once it hits a new all-time highRipple has unveiled a comprehensive roadmap for XRP Ledger (XRPL) focusing on institutional-grade DeFi solutionsXRP price has recovered slightly, up about 1% to $2.29 despite losing 22% in the last 30 daysCoinCodex predicts XRP will hit a new all-time high of $4.20 by April 15, a potential 82.61% rallyMarket sentiment has been boosted by the SEC dropping crypto lawsuits and speculation about XRP ETF approvalXRP, Ripple’s native cryptocurrency, has shown signs of recovery following yesterday’s market-wide downturn. The digital asset is currently trading at $2.29, up approximately 1% over the last 24 hours, while its trading volume has surged by 41% to $11.72 billion.Despite the recent price dip that saw XRP lose nearly 22% of its value over the past month, market experts remain optimistic about its future trajectory. A notable analyst known as CasiTrades, who correctly predicted XRP’s recent price crash, has shared a bullish forecast suggesting the cryptocurrency could rally to between $8 and $13 once it reaches a new all-time high.The current Relative Strength Index (RSI) for XRP stands at 37, indicating that selling pressure remains high. Additionally, XRP Futures Open Interest has decreased by about 2.25%, highlighting cautious investor sentiment in the short term.CasiTrades specifically stated that XRP could witness a strong rally after surpassing its previous all-time high of $3.84, which was recorded in 2018. This forecast has generated excitement among XRP holders and traders looking for positive price movement after the recent market correction.$8-$13 after ATH breaks— CasiTrades (@CasiTrades) February 25, 2025Another prediction from CoinCodex suggests XRP could reach $4.20 by April 15, 2025, representing a potential gain of 82.61% from current levels. If realized, this would establish a new all-time high for the cryptocurrency, potentially setting the stage for the more ambitious $8-$13 target mentioned by CasiTrades.Market sentiment for XRP has also been boosted by recent regulatory developments. The U.S. Securities and Exchange Commission (SEC) has started dropping lawsuits against crypto companies, with the Uniswap case being the latest to be dismissed. This has led to speculation about a potential resolution in the ongoing Ripple vs. SEC legal battle, which has hung over XRP for years.Adding to the positive outlook, there are growing rumors about the potential approval of an XRP ETF in the United States this week. The approval of spot Bitcoin and Ethereum ETFs earlier this year sparked major rallies for those cryptocurrencies, and XRP enthusiasts hope for a similar effect if an XRP ETF is greenlit.XRP Roadmap Boosts ConfidenceTechnical analysis from EGRAG CRYPTO indicates that XRP has established a new support level at $2.07. As long as the price remains above this threshold, the upward momentum may continue. However, other reports suggest XRP could drop as low as $1.60 in a worst-case scenario.The broader cryptocurrency market recently experienced a correction following the U.S. decision to reimpose tariffs on Canada and Mexico. This macroeconomic factor, combined with the recent Bybit hack that resulted in the loss of approximately $1.4 billion worth of Ethereum-related assets, has contributed to market uncertainty.Despite these challenges, one of the most compelling reasons for optimism around XRP comes from Ripple’s recent announcements about the future of the XRP Ledger (XRPL). The company has unveiled a comprehensive roadmap that emphasizes institutional-grade decentralized finance solutions.XRP Price on CoinGeckoKey developments planned for XRPL include enhanced compliance features such as Credentials, Permissioned Domains, and a Permissioned DEX. These innovations aim to enable institutions to build secure, compliant trading venues on the XRPL, potentially increasing adoption among traditional financial entities.Ripple is also introducing Multi-Purpose Tokens (MPTs), which will provide a more flexible and efficient token standard. This will allow institutions to tokenize and trade bonds, real-world assets, and structured financial products with improved functionality.Another notable addition is the XRPL Lending Protocol, which will enable crypto-native businesses to integrate lending with Ripple Payments, DEX, real-world assets, and stablecoins. This decentralized, protocol-native solution for lending aims to reduce reliance on intermediaries.Programmability is also a focus area for Ripple, with plans to bring permissionless programmability to the XRP Ledger while preserving the network’s efficiency, reliability, and simplicity. The introduction of ‘Extensions’ will allow developers to customize features like escrows, automated market makers, and tokens.The XRPL EVM Sidechain is scheduled for a Mainnet launch in Q2 2025. This will offer a complementary solution to the XRPL, enabling developers to deploy cross-chain or EVM decentralized applications.These technological advancements position the XRP Ledger as a potential leader in regulated on-chain finance. With deep liquidity, compliance-friendly features, and seamless institutional integration, Ripple is preparing the XRPL for the next phase of institutional DeFi.The combination of potential regulatory clarity, technological advancement, and positive price predictions has created a bullish atmosphere around XRP despite the recent market volatility. Investors are closely watching key support levels and upcoming developments that could trigger the forecasted price movements.XRP price recovery comes amid a challenging period for cryptocurrencies overall. Bitcoin’s drop below $90,000 set off a chain reaction affecting most digital assets. XRP’s price has declined 9.7% on weekly charts and 19.7% over the previous month.However, the long-term view remains positive for XRP holders, with the asset having rallied by 325.7% since February 2024. This performance demonstrates the potential for strong returns despite short-term volatility.The market will be watching closely for any signs of an XRP ETF approval, which could bring increased institutional investment and potentially trigger the price targets suggested by analysts. If approved, an XRP ETF would likely boost investor sentiment and provide easier access to the asset for traditional investors.XRP’s price at $2.29 represents a small recovery in a market still feeling the effects of recent corrections, but analysts maintain their bullish long-term outlook based on Ripple’s technological roadmap and potential regulatory breakthroughs.The post XRP Price: Finds Strong Support at $2.07 with Path to $10 Outlined by Market Experts appeared first on Blockonomi.