In recent analysis, XRP is facing a challenging market, having decreased by 14.63% since the start of 2023, currently trading at $1.84. Experts predict that the cryptocurrency may continue to experience sideways action into 2026, with significant upward movement contingent on positive catalysts. Nansen's senior research analyst, Jake Kennis, indicated that the latter half of 2026 could offer improved conditions for risk assets, including XRP, provided specific developments occur.
Kennis noted potential drivers for XRP's price increase, such as the approval of spot ETFs and advancements in its integration with global payment systems. He expressed caution regarding immediate price forecasts, citing a bearish sentiment for altcoins until Bitcoin stabilizes. Similarly, Jesus Perez, CEO of Posidonia21 Capital Partners, echoed this view, emphasizing that XRP’s future performance may hinge more on market sentiment and narrative continuity than on significant fundamental changes.
Recent data shows that US-based spot XRP ETFs surpassed $1 billion in assets, reflecting growing investor familiarity. Despite the momentum in ETF performance, analysts remain divided on the broader crypto market outlook for 2026, particularly concerning altcoins' ability to achieve new highs.