The XRP price is now at $2.31, after falling 1.33% in the last 24 hours. Over the past 7 days, it is down by 1.64%, and even though it gained around 6.20% this month, that gain is now slipping away. The market cap is still strong at $135.8 billion, but the recent dip is raising eyebrows in the crypto community.
Source: CoinMarketCap
Source: X
XRPL was picked because it’s fast and low-cost. By 2033, this market could be worth AED 60 billion. This project puts Dubai ahead in blockchain-based property systems.
XRP ETF Talks Heat Up: Many investors are now hoping for an Exchange-Traded Fund (ETF) in the US. Polymarket says there’s now an 83% chance of approval, as futures ETFs have already launched on Nasdaq and CME.
Source: Polymarket
Big players like Grayscale and Bitwise are waiting for the green light from the SEC, with strong backing from Ripple CEO Brad Garlinghouse. October 2025 might be the key month for a decision.
Florida’s New Crypto Tax Proposal: Florida introduced a law to clearly remove state capital gains tax for coins. While the state already has no such tax, this law would make the rules for crypto very clear, possibly encouraging more people to use and invest in digital assets.
Circle Rejects Ripple’s Offer: Amid all this, Circle, the firm behind USDC, denied reports that it was in merger talks with Ripple. Instead, it confirmed plans for an IPO. Ripple had reportedly offered $5 billion, but Circle declined. The company earned $1.67B in 2024 but has been under pressure due to falling margins and competition.
Right now, it shows neutral signs, with the RSI at 48.56 and the MACD lines close together, suggesting either a sideways move or a bearish change soon.
Source: TradingView
Bullish Scenario: If the altcoin breaks and sustains above $2.50, it could rise again toward $2.90–$3.00. If buying strength comes in, possibly from more ETF support or a strong altcoin rally, it might even go past $3.20.
Bearish Scenario: If the price breaks below $2.20, the next support is at $2.00, and then $1.80. If selling continues and indicators turn negative, XRP might stay low for some time.
XRP's recent price decline mirrors that even good project news does not automatically come with price appreciation within the immediate future. Dubai real estate token hype and ETF mania are good signs, but the community still hasn't breathed. The next step is contingent on the direction of global sentiment, SEC decisions, and overall market momentum. XRP is at the juncture between hope and indecision. Always make your own informed choices.
Also read: Circle Rejects Acquisition Rumors, Focuses on IPO
Deepmala Upadhyay is an experienced crypto journalist, content strategist, and News writer with over 5 years of expertise in writing and the crypto industry. Holding a Bachelor's Degree in Computer Science and a deep understanding of blockchain technology and financial markets, she excels in delivering exclusive news, in-depth research blogs, and expertly crafted on-page SEO content. As a team lead and content writer at CoinGabbar, Deepmala is responsible for analyzing blockchain technologies, cryptocurrency, price movements, and the crypto market with precision and insight. Her keen ability to create well-researched, impactful content, combined with her expertise in market analysis, makes her a trusted voice in the crypto space.
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