Ripple (XRP) price consolidated above $2.15 on Tuesday, April 22, amidst a broader crypto market rally in response to sell-offs in USD-denominated assets. As Ripple’s legal battle with the SEC nears resolution and multiple ecosystem upgrades are in the pipeline, analysts are now suggesting that holding XRP might be a smarter play than selling. Here are five compelling reasons experts are urging investors to hold onto their XRP.
1. Ripple’s Legal Clarity Nears Finality: Ripple Labs’ ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) has reached a final resolution, with both parties agreeing to pause ongoing appeals. Industry analysts believe that a favorable outcome for Ripple would significantly strengthen XRP’s regulatory status, allowing for broader institutional adoption and relisting on major U.S. exchanges.
2. XRP Ledger (XRPL) Expansion Accelerates: The XRP Ledger is experiencing a surge in utility and adoption, driven by the launch of RLUSD, a U.S. dollar-backed stablecoin, on both XRP Ledger and Ethereum. This move reinforces XRPL’s multi-chain compatibility and enterprise-grade credentials. Additionally, the launch of the Hooks amendment in XRPL’s beta testnet introduces programmable logic within native ledger operations, paving the way for decentralized applications (dApps) for payments, identity, and asset issuance directly on XRPL.
3. Cross-Border Payments Demand Is Surging: XRP’s original value proposition of instant, low-cost cross-border payments is gaining new relevance as traditional payment corridors face regulatory challenges and rising fees. Ripple’s On-Demand Liquidity (ODL) product, powered by XRP, is operational in over 70 countries, and the demand for XRP as a liquidity bridge continues to increase as Ripple expands into new corridors across Africa, Southeast Asia, and Latin America.
4. Institutional Interest Is Building: While retail sentiment towards XRP has been mixed, on-chain data shows a steady accumulation of XRP among institutional wallets over the past two quarters. Partnerships with banks in the Middle East and pilot programs in Europe indicate that institutional actors view XRP as a long-term strategic asset. With more banks adopting RippleNet for payment settlements and clearing, experts predict that XRP’s use case will become indispensable in a digitized financial system.
5. XRP Weekly Technical Analysis Highlights Long-term Target: XRP price forecast remains moderately bullish as the cryptocurrency consolidates near $2.15. The weekly chart reveals a tightening price range within the Keltner Channel, with Ripple price stabilizing above the mid-line at $2.14. This level now acts as immediate support, offering a springboard towards the upper resistance band at $3.09—an achievable target that aligns with historical breakout behavior.
In conclusion, with the legal clarity nearing finality, growing DeFi use cases, surging cross-border payments demand, building institutional interest, and bullish technical signals, holding onto XRP might be a wise decision. As the crypto market continues to evolve and mature, XRP’s strong ecosystem upgrades and partnerships position it for potential growth and broader adoption in the future. Stay informed, do your research, and consider these factors when making investment decisions in the crypto space.
