Here's Why XRP May Dip Further Before It Climbs Back to $3.84

Core Insights - XRP has experienced a significant increase of over 770% in the past three years, yet it remains below its all-time high of $3.84 reached in 2018 [1][8] Growth Potential - The anticipated approval of spot XRP exchange-traded funds (ETFs) by the SEC could facilitate easier tracking and exposure for investors [2] - XRP is utilized by financial institutions like PNC Bank and Santander as a bridge currency for cross-border transactions, with potential for expanded institutional adoption through Ripple's On-Demand Liquidity (ODL) network [3] Challenges - Speculative investors may choose to cash out due to the substantial price increase, which could lead to downward pressure on XRP's value [5] - Historical trends indicate that XRP can experience sharp declines after significant price increases, as seen in 2018 when it dropped 86% after reaching its all-time high [6] - Positive developments, such as the resolution of the SEC's litigation against Ripple Labs, may already be factored into XRP's price, limiting potential upward movement [7]