Will the XRP price crash to $1 or jump to $3.5 first?

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Ripple price remains in a bear market after falling by over 35% from its highest level in January.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

XRP also rose after Franklin Templeton applied for a spot exchange traded fund or ETF on Tuesday. The company, which manages over $1.5 trillion in assets, joined other firms like WisdomTree, Bitwise, 21Shares, Grayscale, Canary, and CoinShares that have applied for a spot XRP ETF. Polymarket users have boosted their odds for a spot XRP ETF approval to almost 80%. XRP is also one of the tokens that Donald Trump has identified to be in the US digital coins stockpile. If approved, it would lead to more demand as the US uses its strong balance sheet to acquire these coins.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

One of XRP’s biggest strengths is its ability to disrupt the payment industry that SWIFT now dominates. Ripple claims that its technology is better than SWIFT’s because its transactions take just a few seconds to complete. Its transactions are also cheaper than SWIFT’s. One potential catalyst for this growth will be the ending of the lawsuit by the Securities and Exchange Commission. The conclusion of this case will likely let Ripple Labs add more banking partners to its network. Some of the current partners are companies like Santander, HSBC, SBI Holdings, and Bank of America. The SEC has already dropped the lawsuits against Uniswap, Coinbase, and Kraken.