XRP Price today

Bitcoin dropped below 85,000 USD due to inflation pressures, with the core Personal Consumption Expenditures Price Index increasing by 0.4% in February. Ethereum decreased by 4.7%, Solana fell by 5.8%, and XRP dropped by 5.7%.

Experts worry about persistent inflation and potential stagflation effects on the U.S. Economy. Despite market volatility, analysts suggest that Bitcoin retains its status as an inflation-resistant asset.

XRP has consistently failed to breach the important $2.50 resistance, and is currently trading at $2.37, with solid support around $2.35 to $2.00. The declining open interest from $5.8 billion to $2.8 billion shows waning trader confidence.

If XRP cannot maintain support at $2.35, a drop towards the psychological level of $2.00 may occur. For bullish potential, a strong close above $2.50 is needed, but current market conditions favor bearish trends.

Ripple has partnered with African payment infrastructure provider Chipper Cash to support crypto-enabled cross-border payments.

According to a March 27 announcement, Chipper Cash will use Ripple Payments for its cross-border transactions as part of the deal. The companies said the partnership is designed to offer faster, cheaper, more efficient settlements.

In March, Ripple also secured a Dubai license to offer cryptocurrency-powered payments in the United Arab Emirates. The company will also likely step up its activities following its recent win against the US Securities and Exchange Commission.

Senator Scott emphasizes a regulatory framework that supports domestic blockchain innovation, aiming to reverse the trend of blockchain talent leaving the U.S. He firmly believes that appropriate legislation can reclaim digital supremacy.

XRP is currently priced at 2.45 USD with a market cap of 142 billion USD. Technical analyses suggest a bullish trend, although caution is warranted due to low trading volumes, which could influence future price movements.