The XRP price has fallen by 4% today, with the altcoin slipping to $2.20 as the cryptocurrency market as a whole declines by 4.5% in the past 24 hours.
XRP is now down by 10% in a week and by 1.5% in a month, although the token retains a very healthy 320% increase in the past year.
And while it has struggled this week, the token has also welcomed some positive fundamental news, with the Ripple-owned Hidden Road brokerage rolling out over-the-counter crypto swaps in the US this week.
This highlights Ripple’s potential for considerable growth in the coming months and years, and given this potential, the long-term XRP price prediction continues to look very promising.
XRP Price Prediction: Ripple’s “Hidden Road” Just Changed the Game – Bulls Now Eye $10
Announced via a press release on Wednesday, Hidden Road’s new OTC crypto swaps product is aimed at US-based institutional investors, who will be able to transact cash-settled swaps involving dozens of major tokens.
“While OTC swaps represent a significant portion of digital asset trading volumes globally, until now, they were largely unavailable to U.S. institutions,” said Michael Higgins, International CEO and Global Head of Corporate Development for Hidden Road.
Ripple purchased the London-based Hidden Road for $1.25 billion last month, making it the first crypto-first company to own and operate a multi-asset prime brokerage.
The acquisition came as part of Ripple’s plans for expansion, now that its long-running case with the SEC is gradually nearing a final settlement.
And while the news didn’t really have any impact on the XRP price, it sets the token up nicely for strong gains in the medium- and long-term.
Based on its chart, we may actually have to wait for XRP to drop a little further before the coin mounts a sustained recovery.
This impression comes mainly from its 30-day average (orange), which has been above the 200-day (blue) since early November.
Source: TradingViewThis means that XRP has been trading well above longer term averages for quite a while now, which in turn means that it’s still in an overbought position.
However, the 30-day has begun declining, so it may not be long before XRP is ready to rise again.
Part of its problem at the moment is that the global economy still remains very unsettled, given the latest uncertainty surrounding US tariffs.
But in the longer term, the XRP price can recover – and exceed – former highs, rising to $5 by Q4 and $10 by the end of the year.
New Tokens for New Market-Beating Rallies
XRP is possibly the most bullish top-ten crypto right now, at least after Bitcoin (BTC).
Yet it won’t be the only alt to rally hard once the market returns to more sustained growth in the later months of the year, with certain newer alts likely to outpace market averages.
Some of these will be presale coins, which can often generate enough momentum during their sales to rally once they list for the first time.
One example of with a good chance of doing this is Solaxy (SOLX), a layer-two token that has now raised $42.4 million in its soon-to-be-ending presale.
Solaxy’s sale will end in 17 days, at which point it will list on exchanges, potentially becoming one of the biggest new alts of the year.
Its excitement revolves around its development of a layer-two network for Solana, one which will provide Solana users with lower fees and quicker confirmation times.
It will also help traders avoid the delays and dropped transactions that can still afflict Solana during peak periods, with the platform enabling instant bridging between itself and its parent chain.
Native token SOLX will be necessary to pay for its fees, while holders can also stake the coin for passive income.
A DEX is also set to launch on the L2 soon after its mainnet goes live, giving it plenty of utility from the beginning.
While its sale will end in just over two weeks, you can still buy SOLX early at the Solaxy website.
The coin is selling for its final presale price of $0.00174, which end up seeming very low once the coin lists.
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