Ripple’s XRP token is trading near cyclical lows at approximately $1.40, a 47% decline from its prior high of $3.50. Despite a period of muted price action, analysts point to institutional backing from entities like SBI Holdings and Santander and potential regulatory clarity from a pending U.S. crypto bill as factors that could support the asset. Ripple CEO Brad Garlinghouse reportedly stated there is a 90% chance the bill will pass by April 2026.
The Ripple (XRP) token is currently trading at cycle lows near $1.40. This represents a decline of 47% from its earlier high of $3.50, according to market data.
While some observers describe the current price cycle as slow, the consolidation phase may be reducing selling pressure from impatient investors. This could leave a base of dedicated holders to support the cryptocurrency.
XRPs utility in cross-border payments is backed by multiple financial institutions, including SBI Holdings and Santander. Such institutional support typically favors assets with plans to manage market volatility effectively.
Ripple CEO Brad Garlinghouse has expressed optimism about pending U.S. cryptocurrency legislation. In a recent video snippet, he shared his view that there is a 90% chance the bill will pass by April 2026.
Garlinghouse’s sentiment was echoed by a market analyst known as The Bearable Bull on social media. The analyst posted, “CRYPTO BILL WILL PASS IN ‘WEEKS’. Price Before Law… Why? Because every crypto bull run in history has happened before ‘Law’.”
Another analyst, Dark Defender, has identified a bullish technical pattern for XRP. The analyst suggests the token’s price could reach $18 as its chart forms a “W” pattern intersecting a key Fibonacci level.
Dark Defender stated, “XRP has been proceeding in an ascending trend channel since 2017. The W pattern is intersecting the Fibonacci level at $18. Nothing can stop what’s coming.” The long-term chart analysis points to a significant potential price target based on historical patterns.
