XRP price found support at $2.120 and started a fresh increase. The price is now gaining pace and might clear the $2.350 resistance zone. XRP price started a fresh increase above the $2.150 zone. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. There is a steep bullish trend line forming with support at $2.30 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if there is a close above the $2.350 resistance. XRP Price Eyes More Gains XRP price remained supported above the $2.120 level and started a fresh upward wave, like Bitcoin and Ethereum. The price was able to surpass the $2.150 and $2.220 levels. The bulls pushed the price above the $2.250 resistance zone to set the pace for more gains. Finally, it tested the $2.330 zone. A high was formed at $2.330 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2.106 swing low to the $2.330 high. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. There is also a steep bullish trend line forming with support at $2.30 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.330 level. The first major resistance is near the $2.350 level. The next resistance is $2.420. A clear move above the $2.420 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.6350 in the near term. The next major hurdle for the bulls might be $2.750. Another Decline? If XRP fails to clear the $2.350 resistance zone, it could start another decline. Initial support on the downside is near the $2.30 level. The next major support is near the $2.220 level. If there is a downside break and a close below the $2.220 level, the price might continue to decline toward the $2.150 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.300 and $2.250. Major Resistance Levels – $2.330 and $2.350.
District Judge Analisa Torres ordered Ripple to pay the SEC a $125 million fine last year. Under the new settlement agreement, Ripple will get the majority of that money back.
The XRP price is once again showing bullishness, even after the altcoin has been plagued by dips. This time around, the cryptocurrency is forming a rather interesting pattern that suggests a continuation of the bullish rally that began back in April. While this pattern is yet to be complete, a total formation would be extremely bullish for the altcoin’s price. XRP Price Breaks Out Of Yo-Yo Movement So far, the XRP price has been bouncing at support just above $2, something that crypto analyst MetaShackle on the TradingView website likened to a ‘yo-yo’ movement. In place of this has been a rising bullish pattern, which is known as a Reverse Dragon Pattern. Related Reading: 72% Of Binance Traders Go Long On Dogecoin, What Does This Mean For Price? This Reverse Dragon Pattern has been forming on the daily chart, and history shows that this means the XRP price has the potential to rise faster from here. So far, the analyst explains that the Dragon head is already forming on the daily chart. This is forming above the upper trend line shown in the chart below. The next phase of this, if completed, would be a strong upward move as bulls regain control. Additionally, MetaShackle predicts “a liquidation candle in the general area of the Weak Dojo/Reverse Waterfall line.” The upward movement is expected to continue, and as this trend plays out over the next few weeks, the XRP price is expected to rise above $3 this month. Analyst Shows Where Price Could Be Headed Next While MetaShackle sees the XRP price going up with the formation of the Reverse Dragon Pattern, another crypto analyst has given possible scenarios that could play out from here besides the bullish one. This goes into whether the bulls win, the bears take over, or the current tug-of-war for control continues. Related Reading: XRP Price Still On Bullish Path To $5 As Long As This Level Holds The first scenario, is if the price breaks the resistance at $2.3612. In this case, the crypto analyst does expect the price to continue to go up. This uptrend is expected to see it break multiple major levels before finally finding resistance at $2.9 again. Another scenario is when the bulls break below support at $2.03445, which is yet to happen. This could trigger further crashes for the XRP price, and the downtrend could push it toward $1.6, where there is support at $1.63339. Last but not least is if the bulls and bears continue to vie for control with no clear winner. In this case, the crypto analyst believes the sideways movement would continue. “At this moment, there is hidden divergence appearing on XRPUSD as if it will strengthen the bearish mood,” the analyst explains. “If the price breaks the resistance level, the hidden divergence will be cancelled.” Featured image from Dall.E, chart from TradingView.com
XRP price found support at $2.080 and started a fresh increase. The price is now gaining pace and might clear the $2.150 resistance zone. XRP price started a recovery wave above the $2.10 zone. The price is now trading above $2.120 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $2.1450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if there is a close above the $2.1680 resistance. XRP Price Eyes More Gains XRP price remained supported above the $2.080 level and started a fresh recovery wave, like Bitcoin and Ethereum. The price was able to surpass the $2.10 and $2.120 levels. There was a break above a key bearish trend line with resistance near $2.1450 on the hourly chart of the XRP/USD pair. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $2.2580 swing high to the $2.078 low. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.1680 level and the 50% Fib retracement level of the downward move from the $2.2580 swing high to the $2.078 low. The first major resistance is near the $2.180 level. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.220 resistance. Any more gains might send the price toward the $2.250 resistance or even $2.30 in the near term. The next major hurdle for the bulls might be $2.320. Another Decline? If XRP fails to clear the $2.180 resistance zone, it could start another decline. Initial support on the downside is near the $2.1320 level. The next major support is near the $2.120 level. If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.080 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.120 and $2.080. Major Resistance Levels – $2.180 and $2.20.
As the XRP price takes center stage, bold predictions about its future outlook persist across online forums and social media. Among the most ambitious claims is the idea that the XRP price could skyrocket to $1,000 or even beyond. In response to these projections, a crypto analyst has outlined several key factors that would need to align for XRP to reach such a target. Factors Needed To Take The XRP Price To $1,000 While it’s tempting to imagine XRP hitting a four-digit price target, X (formerly Twitter) crypto analyst Jasmin argues that the numbers don’t support such a prediction. For the XRP price to reach $1,000, it would need to climb as high as 46,848%, accompanied by key factors like a significant rise in global adoption, especially by financial institutions. Related Reading: XRP Price To $1,000: Analyst Reveals Target For When Banks Start Using XRP Although Ripple, a blockchain company, has made progress in partnering with global banks and fintech firms for cross-border payments, that level of adoption is still nowhere near enough to support a $1,000 XRP price tag. To even approach this level, XRP would need to become a fundamental part of the global financial structure across different sectors, particularly in banking, remittance, and investment. But beyond simple adoption, XRP would have to be deeply integrated into major economies in such a way that it becomes an indispensable currency for daily transactions. For this to happen, Jasmin reveals that the cryptocurrency would need widespread regulatory clarity to ensure that it can be used in multiple jurisdictions without any legal barriers. The ongoing legal battle between Ripple and the US SEC has already created years’ worth of uncertainty around XRP’s legal status. Until this issue is resolved favorably, the cryptocurrency’s potential for mainstream adoption remains limited. Jasmin has also highlighted that XRP would have to incorporate mechanisms that would drastically reduce its circulating supply. While the cryptocurrency’s price could grow with more aggressive token burns, a jump to $1,000 still seems unlikely. Such a high valuation would also need massive speculative trading activities, which are usually seen during bull markets. How Market Cap Influences A $1,000 Projection Based on Jasmin’s analysis, the most significant factor that makes a $1,000 XRP price projection unrealistic is its market capitalization. Currently, XRP has a market cap of about $125.15 billion, and for its price to hit a four-digit level, its total market valuation would need to reach $50 trillion. Related Reading: XRP Price Cross That Led To 20x Rally In 2017 Returns To put this in perspective, the global crypto market capitalization today is $3.09 trillion, according to CoinGecko data. This would mean that XRP alone would need a market cap over 15x higher than the entire crypto market. Furthermore, Bitcoin, the largest cryptocurrency, has never even come close to reaching a $10 trillion market cap. BTC’s market valuation currently sits at $1.92 trillion, meaning XRP would have to surpass it by over 25x to get a $50 trillion market cap. Due to these extreme market cap requirements, Jasmin argues that a $1,000 or even $10,000 target is highly unrealistic. However, she acknowledges that a price surge to $5 or even $10 is a far more attainable goal. Featured image from Getty Images, chart from Tradingview.com
XRP has been resting at the $2 level, but indications of movement are increasing. One crypto analyst by the name of “J4b1” recently stated that purchasing XRP at $2.20 is not too late. In fact, he thinks that it may be the perfect time, just before things change dramatically. His assertions are founded on historical price action, Ripple’s current strategy, and what institutions may do next. Related Reading: Bitcoin Mining Giant Abandons Full-Hold Strategy, Unloads $40M In Crypto XRP Price Kept Stable By Ripple’s Monthly Activity Ripple’s dominance over XRP’s supply is an important aspect of J4b1’s argument. Every month, the firm releases 1 billion XRP from escrow but sells only a fraction of it. The remaining amount is put back into escrow. These sales tend to occur via over-the-counter (OTC) channels rather than open markets. In the analyst’s view, this practice prevents Ripple from experiencing sharp price fluctuations. Is XRP about to explode or already overpriced? Is buying at $2.20 smart or is it too late? Let’s break it down with data, historical context, and Ripple’s price control strategy. ???????? pic.twitter.com/UHvbYD4GJl — J4b1 (@XRPJ4b1) May 4, 2025 He used an example: if Ripple wants to transfer $200 million using 100 million XRP, every coin will have to be worth $2. If the price rises too rapidly, Ripple can sell more. If it falls too far, they may buy some back. This strategy could be one of the reasons why XRP has not broken through the $2.20 barrier. Institutional Demand Could Change Everything J4b1 mentioned a few things that could drive XRP up. He cited possible regulatory clarity from a new US administration that could be more crypto-friendly. He also talked about the possibility of an XRP spot ETF and the growth of tokenized assets on the XRP Ledger. The analyst believes that if institutions begin accumulating in large quantities, Ripple’s current approach may not be sufficient to contain the price. If demand outstrips the supply Ripple has, the price may surge. XRP market cap currently at $125 billion. Chart: TradingView.com XRP’s History Holds Clues XRP’s journey began in 2012, when it was worth less than a penny. It picked up pace over the years as Ripple sold it to banks as a means of making cross-border payments faster and cheaper. That momentum took XRP to a high of $3.80 in the 2017 bull run. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges But everything changed when regulators stepped in. In 2015, Ripple was fined by FinCEN. Then, in 2020, the SEC lawsuit struck, slowing down XRP’s adoption and keeping the price under control. Nevertheless, Ripple continued to build, acquiring companies like Metaco and obtaining licenses across the globe. Whale Wallets Are Growing Rapidly Meanwhile, as XRP’s price remains stagnant, the large holders are filling up. According to recent statistics, there are now more than 300,000 addresses holding a minimum of 10,000 XRP. That’s an increase from around 281,000 as of December 2024. Whale wallets continue to rise even though the price remains largely flat around $2.20. That type of buildup tends to indicate a sense that prices may rise further in the future. It’s occurring as global uncertainty increases, which may be encouraging investors to get ready for the next major move. For the time being, XRP traders are paying close attention. A quick move on the upside may not be far away. Featured image from Gemini Imagen, chart from TradingView
XRP is trading at a pivotal level as the broader crypto market regains strength and bullish sentiment returns. While macro uncertainty and volatility persist, XRP has remained resilient, holding firmly above key demand zones. The asset is now attempting to reclaim higher supply levels, with bulls pushing for a breakout that could define its next major move. Related Reading: Ethereum Consolidates As Accumulation Trend Develops – New Bullish Phase Ahead? Top analyst Ali Martinez recently shared a technical view showing that XRP is currently trading within a very tight range. This period of consolidation has compressed volatility, setting the stage for a potential explosive move. According to Martinez, a decisive daily close outside this range could determine the direction of the next major trend—either a breakout toward previous highs or a drop toward lower support levels. For now, XRP appears to be leaning bullish as it tracks the momentum seen across other major cryptocurrencies. Traders are watching closely to see if XRP can reclaim the $0.70–$0.75 range, which could open the door to a broader rally. Until then, the current structure suggests that XRP is coiling for a breakout, and the next few sessions could be decisive in confirming the trend ahead. XRP Trades Above $2 As Market Awaits Breakout Or Breakdown XRP is trading above the $2 mark, holding strong amid rising volatility and uncertainty across the crypto market. While bulls are showing signs of strength, they continue to struggle with the $2.35 resistance level—a barrier that has capped recent upward momentum. At the same time, bears have been unable to push the price below current support levels, keeping XRP locked in a tight consolidation range. The broader market is heating up, with Bitcoin testing key resistance near all-time highs, creating an environment where altcoins like XRP could soon follow with significant moves. Analysts are closely watching this setup, with many calling for a bullish expansion phase if XRP can break through overhead resistance and confirm strength. Martinez has identified two critical levels that will likely define XRP’s short-term trend: $2 and $2.26. According to Martinez, a decisive daily close outside this range could set the tone for the next major trend move—either a breakout toward new highs or a breakdown into deeper consolidation. However, market risks remain. Ongoing geopolitical tensions between the US and China continue to influence risk sentiment, and traders remain cautious as these macro factors develop. Still, XRP’s price structure shows strength, and if bulls can overcome $2.35, the asset could gain serious momentum. For now, all eyes are on XRP as it coils near key levels. The next few days will be crucial in determining whether this consolidation resolves to the upside or signals another round of range-bound price action. Either way, a major move appears to be on the horizon. Related Reading: Cardano Struggles At Resistance – Expert Sees A Retest of Lower Support Levels Price Analysis: Technical Details XRP is currently trading at $2.14 after bouncing off recent lows near the $2.05 level. The 4-hour chart shows the price holding just above the 200-period simple moving average (SMA) at $2.11 and slightly below the 200-period exponential moving average (EMA) at $2.17. This positioning highlights a key zone of indecision, with bulls and bears locked in a tug-of-war around a major support and resistance confluence. The price structure remains neutral but constructive. After a failed attempt to push above the $2.30–$2.35 resistance range in late April, XRP has entered a phase of consolidation. Despite the pullback, bulls have defended the $2 psychological level multiple times, indicating strong demand in that area. Volume has remained steady, and XRP appears to be forming a higher low, which could serve as a launchpad for another attempt at the range highs. A breakout above the $2.26–$2.35 zone would likely confirm bullish continuation and open the path toward $2.50 and beyond. Related Reading: Ethereum Breaks Massive Downtrend Price Structure – Momentum Shift? However, a breakdown below $2.05 could invalidate the current setup and expose XRP to further downside. For now, XRP remains at a pivotal level, and the next 48 hours will be critical in determining its short-term direction. Featured image from Dall-E, chart from TradingView
On the U.S. exchange's online site for the documents obtained by Freedom of Information Act requests, it's illuminating some internal SEC discussions.
XRP price found support at $2.080 and started a fresh increase. The price is now facing resistance near $2.1650 and struggling to continue higher. XRP price started a recovery wave from the $2.080 zone. The price is now trading below $2.170 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2.160 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if there is a close above the $2.1680 resistance. XRP Price Recovery Could Fade XRP price started a downside correction below the $2.20 and $2.150 levels, like Bitcoin and Ethereum. The price even declined below the $2.120 level before the bulls appeared. A low was formed at $2.0780 and the price is now correcting losses. There was a move above the $2.10 and $2.120 levels. The price cleared the 23.6% Fib retracement level of the downward move from the $2.2579 swing high to the $2.078 low. However, the bears are active near the $2.1650 zone. There is also a key bearish trend line forming with resistance near $2.160 on the hourly chart of the XRP/USD pair. The price is now trading below $2.170 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.160 level. The first major resistance is near the $2.1680 level and the 50% Fib retracement level of the downward move from the $2.2579 swing high to the $2.078 low. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.220 resistance. Any more gains might send the price toward the $2.250 resistance or even $2.30 in the near term. The next major hurdle for the bulls might be $2.320. Another Decline? If XRP fails to clear the $2.160 resistance zone, it could start another decline. Initial support on the downside is near the $2.120 level. The next major support is near the $2.080 level. If there is a downside break and a close below the $2.080 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.020 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.120 and $2.080. Major Resistance Levels – $2.1680 and $2.20.
A major accumulation trend is currently ongoing for XRP, with crypto whales actively adding to their positions. This provides a bullish outlook for the altcoin, considering it could break out from its current range following this accumulation phase. XRP Whales On The Rise In an X post, crypto analyst Kyle revealed that over 300,000 addresses now hold 10,000 XRP, a development which he noted screams rising confidence from whales and large holders. The analyst added that a strategic accumulation looks to be back and raised the possibility of the big players trying to front-run a major move in the XRP ecosystem. Related Reading: Over $700 Million In XRP Moved In April, What Are Crypto Whales Up To? This major move could be the launch of an XRP ETF or the conclusion of the Ripple SEC lawsuit. An XRP ETF has a 90% chance of approval by the SEC this year. The launch of this fund could spark a surge in the token’s price, considering how it would drive more capital into its ecosystem. Meanwhile, the conclusion of the Ripple SEC lawsuit would also be a major development in the XRP ecosystem, as both parties have already reached an agreement. However, the court still needs to rule on the agreement before the lawsuit can be considered done and dusted. The end of the lawsuit would provide clarity and could spark a significant surge in price. Crypto analyst Ali Martinez also confirmed the accumulation trend among these whales. In an X post, he revealed that wallets holding between 10 million and 100 million XRP have bought around 900 million XRP over the past month. Amid this accumulation trend, traders are also leaning bullish towards the asset. In another post, he stated that 71.54% of traders on Binance futures with open XRP positions are leaning bullish. What’s Next For The Altcoin? In an X post, crypto analyst Dark Defender discussed the current XRP price action and provided insights into what is next for the altcoin. He noted that XRP found resistance between $2.2 and $2.36 and dropped to $2.13 again. In line with this, the analyst remarked that the altcoin is getting ready to finish the correction and is on to the last bit. Related Reading: XRP Mega Candle On The Horizon? Analyst Reiterates $27 Target The analyst projects an incoming surge with five waves. He predicts that the initial wave will send the XRP towards $3, and then the altcoin will reach $4.4 and $6.3 on Waves 3 and 5, respectively. A rally to $4.4 would mark a new all-time high (ATH) for the token. Meanwhile, Dark Defender stated that $1.88 is the support level to keep an eye on. At the time of writing, the XRP price is trading at around $2.12, down 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Ripple, the blockchain technology company, has announced a significant commitment of $25 million aimed at supporting US classrooms and teachers. This initiative is designed to equip both students and educators with essential resources to improve academic outcomes, foster economic resilience, and prepare for a rapidly changing job market. Ripple’s $25 Million Initiative Despite the known correlation between educational success and long-term economic opportunity, the blockchain payment company stated on Monday that many classrooms across the country continue to struggle with inadequate resources. Ripple highlighted a recent Gallup survey that revealed that 55% of US parents and adults expressed dissatisfaction with K-12 education quality, alleging widespread concerns about funding constraints in the education sector. Related Reading: Dogecoin Bounce Expected By Analyst Who Called Bitcoin Bottom Ripple’s pledge seeks to address these challenges by providing critical support to students, teachers, and school staff, ultimately helping to rebuild confidence and drive positive results in the classroom. “Ripple has always championed financial and educational access for all, and we’re partnering with some of the most impactful organizations—DonorsChoose and Teach For America—to benefit thousands of classrooms across the US,” said Brad Garlinghouse, CEO of Ripple. He emphasized the hope that this initiative will inspire others to contribute, starting with Teacher Appreciation Week and continuing throughout the year to ensure that educators and students have the necessary resources to create a brighter future. In a unique approach, the majority of the $25 million grant will be disbursed in Ripple USD (RLUSD), the company’s US dollar-backed stablecoin. Educational Opportunities For Students Ripple’s partnerships with these organizations will focus on a range of innovative initiatives throughout the year. This includes funding for thousands of classroom projects and teacher requests during Teacher Appreciation Week, supporting Teach For America’s Ignite tutoring program nationwide, and launching a national STEM Innovation Challenge. Additionally, Ripple unveiled that the collaboration aims to enhance financial literacy among students and educators, equipping them with the skills necessary for success in a dynamic job market. “Teachers are going the extra mile for their students’ education, even spending hundreds—sometimes thousands—of dollars out-of-pocket for their classrooms,” said Alix Guerrier, CEO of DonorsChoose. He praised Ripple’s initiative for providing direct support to teachers, enabling them to access materials that enhance learning experiences and set students on a path to a successful future. Related Reading: Analyst Says $2 XRP Price Is Low As It Still Isn’t “Activated” Aneesh Sohoni, CEO of Teach For America, expressed gratitude for Ripple’s transformative support. “This funding will expand our Ignite Tutoring Fellows program, drive innovation in our Reinvention Lab, and provide crucial financial assistance to thousands of new corps members during their teacher preparation. With Ripple’s partnership, we’re advancing our mission to ensure every child has access to an excellent education and the opportunity to thrive.” At the time of writing, XRP, Ripple’s related token, is trading at $2.13, down 8% for the week. Featured image from DALL-E, chart from TradingView.com
"RLUSD is proving their value in real-world applications like donations and large-scale transactions,” an XRP Ledger developer said.
XRP price started a downside correction below the $2.20 zone. The price is now declining and might extend losses toward the $2.020 level. XRP price started a fresh decline below the $2.20 zone. The price is now trading below $2.180 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2.1750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if there is a close above the $2.20 resistance. XRP Price Dips Further XRP price failed to continue higher above $2.25 and started a downside correction, like Bitcoin and Ethereum. The price declined below the $2.20 and $2.180 support levels. The bears even pushed the price below the $2.120 support zone. A low was formed at $2.095 and the price is now consolidating losses. It is trading below the 23.6% Fib retracement level of the downward move from the $2.2579 swing high to the $2.095 low. The price is now trading below $2.180 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance near $2.1750 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.1320 level. The first major resistance is near the $2.1750 level and the 50% Fib retracement level of the downward move from the $2.2579 swing high to the $2.095 low. The next resistance is $2.1950. A clear move above the $2.1950 resistance might send the price toward the $2.220 resistance. Any more gains might send the price toward the $2.250 resistance or even $2.30 in the near term. The next major hurdle for the bulls might be $2.320. More Losses? If XRP fails to clear the $2.1750 resistance zone, it could start another decline. Initial support on the downside is near the $2.10 level. The next major support is near the $2.080 level. If there is a downside break and a close below the $2.080 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.020 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.10 and $2.080. Major Resistance Levels – $2.1320 and $2.1950.
Ripple has pledged $25 million in its RLUSD stablecoin to support US education through nonprofit organizations DonorsChoose and Teach For America. The contribution, revealed on May 5, aims to support teachers, fund classroom projects, and expand access to essential academic resources for underserved communities across the United States. This initiative comes at a time when […]
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Although the XRP price is hovering above $2, a crypto analyst contends that this level is still low. Comparing XRP’s current price action to its explosive rally in 2017, the analyst argues that the market has not recognized the full scope of the cryptocurrency’s evolving fundamentals. XRP Price At $2.2 Is Still Undervalued Pumpius, a crypto analyst on X (formerly Twitter), firmly believes that the XRP price is poised for a stronger rally, arguing that a $2.21 target remains significantly undervalued. The market expert’s analysis starkly compares the current market positioning with its historic rally in 2017. Related Reading: Crypto Analyst Shatters XRP Price Bullishness, Predicts Massive Crash To This Support Level Back in 2017, the altcoin skyrocketed from a low price of $0.005 to a staggering all-time high of $3.84, marking its most historic price rally. At its peak, XRP briefly overtook Ethereum’s market cap, securing the position of the second-largest cryptocurrency in the world, just behind Bitcoin. During this historic rally, the XRP price soared by an astonishing 64,000%, reflecting a monumental gain despite lacking real-world use cases, institutional backing, or regulatory clarity. According to Pumpius, this surge was purely driven by retail Fear Of Missing Out (FOMO), with no stablecoins, IPOs, or financial infrastructure supporting the cryptocurrency’s rapid ascent. Fast-forward to today, and the landscape surrounding XRP has evolved significantly. Ripple Labs, an enterprise blockchain company and the largest holder of XRP, has launched its stablecoin, RLUSD, which indirectly strengthens XRP’s position in the digital currency space. The company has also secured prime brokerages and regulatory clarity from the US, expanding Ripple’s market reach and creating a stable environment for XRP’s growth. With an IPO allegedly in the pipeline, the infrastructure supporting XRP is more robust than ever, far exceeding the conditions seen in 2017. However, despite these developments and milestones, the altcoin’s price has yet to revisit its former all-time high and continues to trade above $2. As a result, Pumpius claims that the cryptocurrency has still not been “activated,” suggesting that it has not fully realized its potential or experienced the level of growth expected of it. Why This Time Could Be Different Unlike in 2017, the potential for XRP is no longer based on hype alone. Pumpius’s analysis estimates that if XRP were to repeat its historical 64,000% rally, starting from $2.21, its price could reach $1,414.40. Related Reading: Is The XRP Price Rally Over At $2.22? New Developments Suggest Major Pump Is Coming While this target is purely speculative, the number underscores the massive upside that could follow if institutional capital and real-world adoption combine with retail momentum. Pumpius’s commentary also includes a conspiracy narrative, alleging that powerful, unknown entities have worked behind the scenes to suppress XRP’s rise. According to this theory, the analyst claims that the US SEC’s lawsuit against Ripple wasn’t just about compliance but a calculated move to delay adoption and shake out retail momentum. The underlying message is that XRP’s disruptive potential posed an early threat, allegedly leading to attempts to delay its growth and prevent widespread accumulation before institutions were ready to enter the market. Featured image from Getty Images, chart from Tradingview.com
XRP price started a downside correction from the $2.25 zone. The price is now consolidating and facing hurdles near the $2.20 level. XRP price started a fresh decline from the $2.250 zone. The price is now trading below $2.20 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance near $2.1950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if there is a close above the $2.20 resistance. XRP Price Dips Again XRP price failed to remain stable above $2.25 and started a downside correction, like Bitcoin and Ethereum. The price declined below the $2.220 and $2.20 support levels. It even tested the $2.1320 zone. A low was formed at $2.132 and the price is now consolidating losses. It is trading near the 23.6% Fib retracement level of the downward move from the $2.2579 swing high to the $2.1320 low. Besides, there is a new connecting bearish trend line forming with resistance near $2.1950 on the hourly chart of the XRP/USD pair. The price is now trading below $2.20 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.1780 level. The first major resistance is near the $2.20 level and the 50% Fib retracement level of the downward move from the $2.2579 swing high to the $2.1320 low. The next resistance is $2.220. A clear move above the $2.220 resistance might send the price toward the $2.250 resistance. Any more gains might send the price toward the $2.320 resistance or even $2.350 in the near term. The next major hurdle for the bulls might be $2.50. More Losses? If XRP fails to clear the $2.20 resistance zone, it could start another decline. Initial support on the downside is near the $2.1380 level. The next major support is near the $2.1320 level. If there is a downside break and a close below the $2.1320 level, the price might continue to decline toward the $2.080 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.1320 and $2.080. Major Resistance Levels – $2.20 and $2.250.
XRP has started May with a choppy price action between the lower and upper ends of $2.195 and $2.25, respectively, in the past three days. Although XRP has spent the majority of the past two months correcting from the peak price of $3.3 in January, its 2-month candlestick is showing a strong green body, a sign that bulls are still in control in the higher timeframes despite the fluctuations on the lower timeframes. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Interestingly, a precise signal that hasn’t appeared since XRP’s historic 2017 rally is back, and the same trigger that led to its 20x price explosion that year has just returned. Technical Pattern Shows Clear Breakout Structure On 2-Month Timeframe Technical analysis of XRP’s price action on the 2-month candlestick timeframe chart shows that the cryptocurrency is still trading in a bullish setup on a larger timeframe. This analysis, shared by crypto analyst JD on social media platform X, shows XRP breaking out from a long-term triangle pattern, which has held its price in consolidation since the 2018 peak. The structure formed by this triangle includes a flat resistance trendline at the top and a gradually rising trendline at the bottom. XRP’s price performance in late 2024 saw it break above the upper resistance trendline, much like it did in a similar setup in the first few months of 2017. Notably, the XRP price broke above this trendline with conviction, which allowed it to reach a multi-year high of $3.3. However, the ensuing price action has been corrections upon corrections, with XRP now trading close to the $2 price level. Notwithstanding, the appearance of a bullish cross on the RSI means a bullish setup is still in action, with crypto analyst JD highlighting a potential 20x surge. Stochastic RSI Cross Above 80: The Same Spark From 2017 The appearance of a cross on the Stochastic RSI above the 80 level makes the current bullish setup more convincing. JD pointed out that the last time this crossover happened was in 2017, right before XRP recorded a 20x gain within three months. His chart illustrates this visually, showing a yellow highlight at the intersection point of the SRSI lines during that historic breakout. The same cross has now been confirmed on the 2-month chart. The SRSI cross occurs when the %K line crosses above or below the %D line within the Stochastic RSI indicator. In the case of XRP, the bullish signal of the cross is examined above the 80 threshold on the 2-month chart. The last time this happened in 2017, XRP went on a rally over four months from around $0.15 until it reached its current all-time high of $3.40. Related Reading: Strategy’s $84 Billion Bitcoin Appetite: Michael Saylor Goes All In (Again) If a similar scenario were to unfold, this would put the target around $45. This may seem unrealistic, considering the inflows needed to reach this level. Nonetheless, a rally from the recent SRSI cross could send the XRP price to new all-time highs. At the time of writing, XRP is trading at $2.2. Featured image from Unsplash, chart from TradingView
XRP price started a fresh increase above the $2.150 zone. The price is now consolidating and facing hurdles near the $2.250 level. XRP price started a fresh increase and climbed above the $2.20 zone. The price is now trading below $2.250 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $2.2350 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if there is a close above the $2.250 resistance. XRP Price Eyes Fresh Surge XRP price remained supported above $2.125 and started a decent increase, but it lagged Bitcoin and Ethereum. The price was able to surpass the $2.150 and $2.20 resistance levels. There was a move above the 23.6% Fib retracement level of the downward move from the $2.359 swing high to the $2.1250 low. Besides, there was a break above a connecting bearish trend line with resistance near $2.2350 on the hourly chart of the XRP/USD pair. The price is now trading below $2.250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.250 level. The first major resistance is near the $2.30 level and 76.4% Fib retracement level of the downward move from the $2.359 swing high to the $2.1250 low. The next resistance is $2.350. A clear move above the $2.350 resistance might send the price toward the $2.420 resistance. Any more gains might send the price toward the $2.450 resistance or even $2.50 in the near term. The next major hurdle for the bulls might be $2.650. Dips Supported? If XRP fails to clear the $2.250 resistance zone, it could start another decline. Initial support on the downside is near the $2.20 level. The next major support is near the $2.180 level. If there is a downside break and a close below the $2.180 level, the price might continue to decline toward the $2.120 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.20 and $2.120. Major Resistance Levels – $2.250 and $2.30.
XRP fell below $2.30 this week, wiping out all the gains registered in last week’s short-lived rally. The cryptocurrency, which had risen 8% from $2.06 to $2.28 last week, has now lost 3.5% from Monday’s opening price and 7% from its weekly high of $2.36. Related Reading: Only XRP? Expert Claims That’s All You Need To Succeed Market Expert Forecasts Potential 30% Fall To $1.55 A cryptocurrency analyst, Block Bull, forecasts that XRP might drop much deeper in the near future. From the analyst’s April 29 X post, XRP could not break the resistance level at the top of a bull flag pattern on the daily charts. This technical failure may push the price to $1.55, which would be “annoying as hell”, according to Block Bull – a 30% fall from the high of the pattern – and 28.6% from current levels. Block Bull informed followers this possible price fall would be brief and could prove to be the perfect entry point for investors. The analyst intimated big money players tend to use such downturns in markets to accumulate holdings at bargain rates. Likely $XRP is going to fall 30% along with $XLM that Ive just posted. bottom of bull flag and fib level will be a great entry $1.55 (annoying as hell) bleeding the average guy and this is why the rich get richer cos theyre the only ones able to afford to HODL pic.twitter.com/pG3h30Swks — ????BLOCK BULL???? (@TheBlockBull) April 29, 2025 XRP Not Alone As Bitcoin And Ethereum Also Struggle The decline pressure on XRP is in line with weaker trends in major cryptocurrencies overall. Bitcoin is struggling to remain above the $95,000 threshold while Ethereum has fallen below $1,800. That this is a market-wide correction and not a specific XRP problem is indicated. Competing Analysis Provides More Optimistic Forecast Not everyone who watches the market sees the dismal outlook. Others noted that while declining 6% in two days from $2.28 to $2.14, XRP has been able to remain above important support levels on shorter timeframes. They said that if XRP can hold support at $2.14, the price may bounce back to $2.24 or higher in short order. More positive predictions even indicate that XRP could hit $5 in a month, a new all-time high for the cryptocurrency. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Liquidation Data Shows Market Imbalance Meanwhile, latest trading statistics by Coinglass indicate a shocking disparity in market positions. Within 24 hours, nearly $14 million of long positions (bets on the price going up) were liquidated, while just $1.48 million worth of short positions were sold. This almost 1000% gap indicates the majority of traders were placing bets on price rises when the market started going into decline. The sudden sell-off of such a large number of long positions had a cascade effect, dropping prices even quicker. Open interest also declined by 4%, indicating traders were closing out as uncertainty mounts. As of the most recent trading figures, XRP stands at $2.20, down 1.14% since the beginning of the day. Investors now have conflicting messages regarding whether to anticipate further declines or perhaps a possible rebound in the coming days. Featured image from Unsplash, chart from TradingView
XRP price started a fresh increase from the $2.1250 zone. The price is now rising and must clear the $2.250 resistance to gain bullish momentum. XRP price started a fresh increase from the $2.1250 zone. The price is now trading below $2.250 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $2.2450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if there is a close above the $2.250 resistance. XRP Price Eyes Fresh Upside Move XRP price started a downside correction from the $2.350 resistance zone, unlike Bitcoin and Ethereum. The price dipped below the $2.30 and $2.250 support levels. The bears even pushed the price below the $2.20 level. A low was formed at $2.1250 and the price is again rising. There was a move above the $2.150 and $2.180 resistance levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $2.359 swing high to the $2.1250 low. The price is now trading below $2.250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.2450 level. There is also a connecting bearish trend line forming with resistance near $2.2450 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.250 level. The next resistance is $2.270 and the 61.8% Fib retracement level of the downward move from the $2.359 swing high to the $2.1250 low. A clear move above the $2.270 resistance might send the price toward the $2.320 resistance. Any more gains might send the price toward the $2.350 resistance or even $2.3650 in the near term. The next major hurdle for the bulls might be $2.40. Dips Supported? If XRP fails to clear the $2.250 resistance zone, it could start another decline. Initial support on the downside is near the $2.180 level. The next major support is near the $2.1250 level. If there is a downside break and a close below the $2.080 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.020 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level. Major Support Levels – $2.180 and $2.1250. Major Resistance Levels – $2.250 and $2.270.
The offer was rejected as too low, according to the story.
The XRP price continues to hold support above $2, which now serves as an important level for bulls. This continues as bullish sentiment is the order of the day, and the sellers seem to have run out of steam across the crypto market. With these developments, expectations for the XRP price have shot up significantly. Most especially among crypto analysts, who continue to predict that the altcoin is set for great things and could reach double-digits this bull cycle. XRP Price Still On Track For Mega Candle Crypto analyst Egrag Crypto has been very vocal on X (formerly Twitter) about the bullishness of XRP. The analyst has become known for calling the XRP price increase for months before the impressive 2024 rally. Even as that rally has cooled off and the altcoin is now struggling at support, the crypto analyst has not deviated. Rather, he continues to call out that the cryptocurrency is still quite bullish, which he expects to hit double-digits at some point. Related Reading: CMT-Verified Analyst Reveals When To Buy Bitcoin As Heikin Ashi Candle Turns Bearish In a recent post, the crypto analyst explained that the XRP price is still on track to move upward. In what he calls the ‘blue ocean’, Egrag Crypto points out that investors are now “swimming with sharks”. In this case, XRP is being gobbled up at a rapid pace, which could set it on a path to see rapid recoveries. With the positive sentiment rising, the crypto analyst sees the XRP price exploding soon. He explains that a mega green candle is on the way, and this could drive the price finally above double-digits. In this blue ocean, Egrag Crypto sets three price targets. The first is $9.5, and then moving further into $17. Last but not least is the $27 target, something that the crypto analyst has continuously predicted for over a year now. Currently, the XRP price is still trading just above the $2 support, so this means that it has a long way to go before it hits the analyst’s targets. The expectation of XRP ETFs being launched has also been put forward by many in the community as a potential factor that could trigger a rise in the XRP price. Related Reading: Crypto Analyst Reveals XRP Price Crash In The Short-Term, Here’s The Target Previously, there had been rumors that the ProShares XRP ETFs would launch on April 30. However, Bloomberg’s ETF expert James Seyffart has said that there are no plans to launch on this date, and there is no specified date yet. Nevertheless, the fund is expected to launch its XRP ETFs in the short to medium term, and this is expected to be a catalyst for an XRP price increase. c
XRP price started a fresh increase above the $2.30 zone. The price is now correcting gains and holding the $2.220 support zone. XRP price started a fresh increase above the $2.30 zone. The price is now trading below $2.2650 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with support at $2.220 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase unless there is a close below the $2.220 support. XRP Price Holds Key Support XRP price started a decent upward wave above the $2.250 and $2.280 resistance levels, beating Bitcoin and Ethereum. The price traded above the $2.30 level to enter a positive zone. A high was formed at $2.359 and the price started a downside correction. There was a move below the $2.30 and $2.280 support levels. The price tested the $2.220 support zone. A low was formed at $2.2220 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2.359 swing high to the $2.2220 low. The price is now trading below $2.2650 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.250 level. The first major resistance is near the $2.280 level. There is also a key contracting triangle forming with support at $2.220 on the hourly chart of the XRP/USD pair. The next resistance is $2.30 and the 61.8% Fib retracement level of the downward move from the $2.359 swing high to the $2.2220 low. A clear move above the $2.30 resistance might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.320 resistance or even $2.350 in the near term. The next major hurdle for the bulls might be $2.420. Dips Supported? If XRP fails to clear the $2.2650 resistance zone, it could start another decline. Initial support on the downside is near the $2.220 level. The next major support is near the $2.20 level. If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.160 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.220 and $2.20. Major Resistance Levels – $2.2650 and $2.30.
XRP price started a fresh increase above the $2.250 zone. The price is now consolidating near the $2.30 zone and might aim for a fresh increase. XRP price started a fresh increase above the $2.280 zone. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line with support at $2.270 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase unless there is a close below the $2.2450 support. XRP Price Eyes More Gains XRP price started a decent upward wave above the $2.20 and $2.220 resistance levels, like Bitcoin and Ethereum. The price traded above the $2.250 and $2.30 levels to start a decent increase. A high was formed at $2.359 and the price started a downside correction. There was a move below the $2.320 and $2.30 support levels. The price dipped below the 50% Fib retracement level of the upward move from the $2.2195 swing low to the $2.359 high. However, the price remained supported near the $2.250 zone and the 76.4% Fib retracement level of the upward move from the $2.2195 swing low to the $2.359 high. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line with support at $2.270 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.3150 level. The first major resistance is near the $2.350 level. The next resistance is $2.350. A clear move above the $2.350 resistance might send the price toward the $2.420 resistance. Any more gains might send the price toward the $2.450 resistance or even $2.50 in the near term. The next major hurdle for the bulls might be $2.620. Dips Supported? If XRP fails to clear the $2.3150 resistance zone, it could start another decline. Initial support on the downside is near the $2.270 level. The next major support is near the $2.250 level. If there is a downside break and a close below the $2.250 level, the price might continue to decline toward the $2.220 support. The next major support sits near the $2.20 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.270 and $2.250. Major Resistance Levels – $2.3150 and $2.350.
CryptoGuard Chief Operating Officer Matthew Brienen is demonstrating considerable confidence in XRP. Speaking during the first episode of the “Ask Matty Show,” Brienen explained that he is convinced that XRP is likely to surge to a high of $1,000. His remarks occur at a time when the altcoin remains the world’s fourth-largest cryptocurrency by market capitalization. Related Reading: XRP Nearing Explosive Breakout—$10 Target In Sight, Expert Says Brienen further divulged that half of his private crypto collection is XRP. Although he refused to cite the precise quantity of tokens in his ownership, he declared that he started buying the altcoin incrementally beginning from 2020. Short- And Long-Term Plans For His XRP Holdings Matthew Brienen clarified that he has varying aspirations for XRP in the future. Short term, he aims to liquidate the majority of his holdings in the next few years. He indicated the 2024-2025 bull cycle as a period when he would likely take profits and unwind his exposure. In the longer term, Brienen plans to hold a smaller portion of XRP in his portfolio for five to 10 additional years. He is counting on the crypto’s increasing adoption in cross-border payments to drive its price higher in the future. Brienen pointed out that XRP transactions are quick, settling in under five seconds, and only costing a fraction of a penny. Forecast: $100 Or Even $1,000 Brienen didn’t stop at short-term plans. He went on to predict that XRP could climb to between $100 and $1,000 within the next 10 years. With XRP trading around $2.05 at the time of his comments, reaching $100 would require a jump of about 4,770%, and hitting $1,000 would mean a surge of roughly 48,600%. From these figures, an investment of 5,000 coins worth roughly $10,250 at current levels would be worth $500,000 at $100 prices, or $5 million at $1,000 prices. Related Reading: Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says XRP Market Cap Would Have To Experience Dramatic Expansion If XRP goes to $100, its market cap would increase to around $5.84 trillion with the circulating supply remaining constant. If it goes to $1,000, its market cap would burst to nearly $58 trillion. These are values that would have XRP’s value far exceeding today’s entire global economy. Despite the humongous climb needed, Brienen indicated he feels the $1,000 goal is achievable. He did not promise it would occur, but he indicated he sees a scenario where XRP’s technology and speed of payment could fuel long-term development. Featured image from Blockzeit, chart from TradingView
XRP price started a fresh increase above the $2.20 zone. The price is now consolidating near the $2.280 zone and might aim for a fresh increase. XRP price started a fresh increase above the $2.250 zone. The price is now trading above $2.220 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line with support at $2.240 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase unless there is a close below the $2.20 support. XRP Price Regains Traction XRP price started a decent upward wave above the $2.150 and $2.20 resistance levels, like Bitcoin and Ethereum. The price traded above the $2.220 and $2.250 levels to start a decent increase. A high was formed at $2.294 and the price started a downside correction. There was a move below the $2.280 and $2.250 support levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.162 swing low to the $2.294 high. However, the price remained supported near the $2.220 zone and the 50% Fib retracement level of the upward move from the $2.162 swing low to the $2.294 high. The price is now trading above $2.220 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line with support at $2.240 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.30 level. The first major resistance is near the $2.320 level. The next resistance is $2.350. A clear move above the $2.350 resistance might send the price toward the $2.420 resistance. Any more gains might send the price toward the $2.450 resistance or even $2.50 in the near term. The next major hurdle for the bulls might be $2.620. Dips Supported? If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.2450 level. The next major support is near the $2.220 level. If there is a downside break and a close below the $2.220 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.150 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.220 and $2.20. Major Resistance Levels – $2.30 and $2.350.
The XRP price is once again making headlines as technical indicators show a solid breakout after months of consolidation. With its recent break in tight price action, a crypto analyst believes that XRP could be preparing to surge above $8, marking a new ATH for the top altcoin. XRP Price Aims For $8 Target In Coming Months After months of constrained price action, the XRP price has finally broken out of a descending consolidation pattern—a bullish signal that the market has been eagerly awaiting. Following this breakout, XRP is now eyeing a potential rally toward the $8.08 mark. Related Reading: Ethereum ‘Heating Up’ – Address Activity Jumps Nearly 10% In 2 Days Delving deeper into the technical chart analysis published by TradingView crypto analyst Master Ananda, XRP is now comfortably trading above crucial Moving Averages (MA), including the EMA9, EMA10, EMA20, EMA25, EMA50, and most importantly, the 200-day Simple Moving Average (SMA). The Exponential Moving Averages indicate a short to medium-term bullishness for XRP. At the same time, the 200-day SMA is the most critical and long-term bullish signal. Key Fibonacci Extension levels confirm the breakout from the descending consolidation pattern. In alignment with its projected rise to $8.08, XRP is expected to surge past three critical price targets: the 1.618 Fib at $4.5, the 2.618 Fib around $6.29 and finally, the 3.618 Fib, which corresponds with the $8.08 price level. Notably, a surge to $8.08 would represent more than double XRP’s current all-time high of $3.84, marking a 1,380% increase from its current market value. The analyst’s chart highlights a clear breakout trajectory, emphasizing a steady upward pace with the reversal point already confirmed. For its short-term price targets, Master Ananda has shared four key Fibonacci Extension levels: the 0.382 Fib at $2.29, the 0.5 Fib at $2.5, the 0.618 Fib at $2.71, and finally, the 0.786 Fib at $3.01. Notably, the analyst has also highlighted the $3.4 level as a “high” resistance level for XRP. Breaking above this price would be another huge bullish confirmation that XRP can move toward the $8.08 projected target. Analyst: Exercise Patience Ahead Of Surge Despite his bullish stance on XRP’s future price outlook, Master Ananda has advised investors and traders to remain patient and exercise caution. While XRP is showing clear signs of growth, it’s important to note that this projected surge will not happen overnight. The TradingView analyst has stated that XRP’s journey toward the price range between $6-$8 would span several months, not just weeks, as the market gradually stabilizes and bullish momentum continues to build. Related Reading: Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says Although market volatility could still test XRP’s price action, the breakout from the SMA200 confirms that the cryptocurrency has entered a multi-month bullish phase. As a result, Master Ananda has asserted that XRP’s bullish growth in the long term is certain, with traders expected to take profits once its price reaches a peak. Featured image from Unsplash, chart from TradingView
XRP is gearing up for a surge to $120, according to popular crypto analyst EGRAG CRYPTO. Taking to social media platform X, the analyst shared a fresh chart detailing a bullish outlook for XRP, suggesting that the cryptocurrency is retracing a path similar to its explosive 2017 rally. This time, however, the trajectory could be even more dramatic, as the chart accompanying his post outlines a long-term Elliott Wave formation that points first to $27 and eventually to a staggering $120 price tag. Echoes of 2017: XRP Retracing Cycle That Took Price To All-Time High The 2017 bull cycle is one of the most iconic periods in XRP’s history. It was during this phase that the price of XRP rallied from under $0.01 to an all-time high of $3.84, driven by a broader crypto market bubble, exchange listings, and speculation surrounding Ripple’s adoption among financial institutions. Related Reading: XRP Outflows Cross $300 Million In April, Why The Price Could Crash Further The rally followed a classic Elliott Wave impulse structure, with five distinct waves characterized by short consolidations before each major leg upward. By early 2018, the bubble had popped, and XRP, like the rest of the crypto market, entered into a prolonged bear phase. EGRAG CRYPTO’s post implies that XRP is now following a similar pattern to the one in 2017. Particularly, the analyst noted that XRP is currently in the process of forming its second wave, which is a retracement of the bullish impulse Wave 1. This impulse Wave 1 is characterized by XRP’s surge to $3.4 between Q4 2024 and January 2025. Wave 2, on the other hand, is characterized by the price correction since January, which has sent the XRP price back to trading around $2. Now, the next step is for wave 3 to begin formation. Based on traditional Elliott Wave ratios, this wave tends to extend aggressively, often measuring 161.8% of Wave 1. According to EGRAG, XRP’s price is expected to end Wave 3 above double digits sometime in summer 2025. It is at this point that the analyst predicted a top out around $27, nearly ten times its current trading price. Following that, his outlook anticipates a lengthy Wave 4 correction lasting several years, setting the stage for a final Wave 5 extension that could see XRP break into triple digits. The $120 Long-Term Target In his projection, the $27 level will mark the completion of Wave 3, followed by a Wave 4 correction that could potentially span three years. This correction would be brutal and cause the XRP price to reach a bottom around $5.50. Related Reading: XRP Price In April: The Lows, The Highs, And Final Blast-Off After this consolidation phase, the ensuing Wave 5 formation will catapult XRP to new highs again and go on the same measured move as Wave 1 or 61.8% of Wave 1 + Wave 3. If this plays out as EGRAG expects, XRP would break into triple-digit territory and ultimately peak around $120. At the time of writing, XRP is trading at $2.19, up by 2% in the past 24 hours. Reaching the $27 and $120 price targets would translate to 1,132% and 5,380% increases, respectively, from the current price. Featured image from Adobe Stock, chart from Tradingview.com
The XRP price rallied again to $2.22 after a relief rally rocked Bitcoin and the crypto market. This was fueled by comments from US President Donald Trump that the tariffs on China are expected to be significantly reduced, even though they would not be zero. In the aftermath of this recovery, though, the XRP price has begun to retrace, suggesting that a local top may have been reached. However, some developments for XRP could see a kickstart to the bull rally. CME Group Announces XRP Futures Launch The XRP community has been rocked by positive news once again after the CME Group announced that it would be launching a futures contracts investment vehicle for XRP. The derivatives exchange seems to be taking advantage of the hype around the XRP price over the last few months, especially with the conclusion of the Ripple vs. SEC lawsuit on the horizon. Related Reading: Bitcoin Sees Largest ETF Inflows Since January, Becomes 5th Largest Asset In The World CME Group revealed that the futures contracts would be a cash-settled one, allowing investors to be able to bet on the XRP price rising or going down. This allows for exposure to XRP without having to actually buy and hold the digital asset itself. This is akin to the Bitcoin futures launched back in October 2021, setting the stage for the approval of Spot Bitcoin ETFs later in January 2024. The exchange revealed that it plans to launch the very first XRP futures contract on May 19th if the Securities and Exchange Commission (SEC) gives its approval. This news has been positively received in the XRP community, with Ripple CEO Brad Garlinghouse calling it “an incredibly important and exciting step in the continued growth of the XRP market.” Additionally, the XRP price jumped above $2.2 in response to the news. Related Reading: Why Did The Dogecoin And Shiba Inu Prices Surge Over 10%? Sentiment Recovers Around XRP Price Despite the decline in the XRP price following the market slowdown on Thursday, sentiment around the altcoin continues to be very positive. Data from CoinMarketCap shows that positive sentiment around the XRP price has rebounded after briefly dipping when the altcoin fell below $2.22. It is now sitting at an 88% of all votes being bullish, with only 12% expecting the price to fall further from here. Crypto analyst Armando Pantoja has also called out a possible bullish action brewing for the XRP price. According to the analysis, momentum is building after the price bounced off key support just above $2, and there is no major resistance in sight. He set the target at $2.50, which would mean a 20% jump in price from here. Featured image from Dall.E, chart from TradingView.com
XRP price corrected gains from the $2.30 zone. The price is now consolidating near the $2.150 support and might aim for a fresh increase. XRP price started a fresh increase above the $2.150 zone. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase unless there is a close below the $2.150 support. XRP Price Dips To Support XRP price started a decent upward wave above the $2.120 and $2.150 resistance levels, like Bitcoin and Ethereum. The price traded above the $2.220 and $2.250 levels to start a decent increase. A high was formed at $2.299 and the price started a downside correction. There was a move below the $2.20 and $2.180 support levels. A low was formed at $2.120 and the price started another increase. It cleared the 50% Fib retracement level of the downward move from the $2.299 swing high to the $2.120 low. However, the bears are active near the $2.2350 level and the 61.8% Fib retracement level of the downward move from the $2.299 swing high to the $2.120 low. There is also a key bearish trend line forming with resistance at $2.20 on the hourly chart of the XRP/USD pair. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.20 level and the trend line. The first major resistance is near the $2.2350 level. The next resistance is $2.30. A clear move above the $2.30 resistance might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.450 resistance or even $2.50 in the near term. The next major hurdle for the bulls might be $2.620. More Downsides? If XRP fails to clear the $2.20 resistance zone, it could start another decline. Initial support on the downside is near the $2.1620 level. The next major support is near the $2.150 level. If there is a downside break and a close below the $2.150 level, the price might continue to decline toward the $2.120 support. The next major support sits near the $2.0650 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.1650 and $2.150. Major Resistance Levels – $2.200 and $2.2350.