The cryptocurrency markets are currently facing significant losses following a sharp decline in Bitcoin (BTC) 
$63,475. The altcoin sector has exhibited double-digit drops, leading to one of the most considerable sell-offs after a staggering $108,000 drop. However, a prominent analyst has shared bold price predictions for XRP Coin amidst this turmoil.
What Will XRP Coin Price Reach?
The President of Ripple has stated that the next major development will be the approval of a spot XRP Coin ETF, following the recent approvals of BTC and ETH. There are several ETF applications pending approval at the SEC, and the process for XRP Coin is expected to advance under the new crypto-friendly SEC chair. Although actions are anticipated on January 15 regarding Gensler’s appeal process, changes are expected by January 20.
Former President Trump has clearly indicated his intention to rapidly eliminate regulatory pressures on cryptocurrencies. Ripple’s CEO shared a photo of a dinner with Trump, who seems determined to take necessary actions. This could facilitate a rise in the crypto market, resolving various issues, from ETF approvals to ongoing crypto lawsuits.
Analyst Mikybull predicts that XRP Coin could rebound to a range of $3 to $7 by year-end due to these factors. If this prediction holds true, it would signify a tremendous market valuation for Ripple (XRP) 
$1.
Bitcoin (BTC)
At the time of writing, the price of BTC has weakened again as U.S. markets opened. The price stands at $95,190, with macroeconomic developments adversely affecting risk markets. The dollar index has surged unexpectedly, and Trump has noted high inflation rates. While he acknowledges high interest rates, the Fed is likely to maintain elevated rates unless significant job losses occur, and unfortunately, employment data has not improved as hoped.
In his recent market analysis, Michael Poppe did not reveal any groundbreaking updates. There is widespread hope that the real bullish phase will commence with Trump’s inauguration on January 20.
“For Bitcoin, I prefer a one-month boundary. This will strengthen the prolonged cycle with altcoins throughout the year.”
“The DXY and interest rates remain strong, which is pulling down the strength of altcoins. This situation will change.”
