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.
XRP’s price outlook has taken an unexpected twist as one of its most ardent supporters, EGRAG CRYPTO, issued a short-term bearish prediction. Known across the crypto community for his unwavering bullish stance on XRP, EGRAG’s latest forecast has caught many by surprise. In a post shared on social media platform X, the analyst warned that the current market structure could push XRP into a significant short-term decline before any meaningful recovery unfolds. EGRAG CRYPTO Warns Of Potential Drop Toward $1.24 Before Rally According to EGRAG CRYPTO, the immediate technical outlook for XRP points to the possibility of a sharp correction. Backing up his forecast, EGRAG CRYPTO shared a detailed price chart showing the current position within a broader bull market structure. The chart shows how XRP is currently trading below the bull market support band. Notably, XRP’s position below the bull market support band has dragged on for over month, ever since it broke below in the middle of March. The longer XRP continues to trade below this band, the higher the possibility of a significant retest. Related Reading: XRP Surpasses Ethereum In This Major Metric After Outperforming For 6 Months EGRAG CRYPTO noted that the XRP price has failed so far to reclaim the $2.33 and $2.45 resistance zones, which sit at the upper edge of the bull market support band on the daily timeframe chart. He explained that as long as the price continues to trade under the $2.33 and $2.45 thresholds, bears could remain in control and drag the asset lower toward the 0.702 Fib extension level. In terms of a price target, this 0.702 Fib is currently sitting at $1.24, which means the price could crash towards this level before rebounding above the bull market support band. Interestingly, this $1.24 zone coincides with an important breakout structure from November 2024, which served as the launchpad for XRP’s rally to $3.4. Consequently, retesting this zone could serve as a validation of prior breakout strength and ultimately fuel a more sustainable long-term uptrend. EGRAG CRYPTO’s Advice: Accumulate XRP Instead Of Panic Selling Despite his short-term bearish tone, EGRAG urged holders not to panic or make emotional decisions. Addressing concerns he anticipated from followers, he made it clear that he does not advise selling XRP to try and time a lower re-entry. Instead, he encouraged the community to continue accumulating during the predicted dip, rather than chasing short-term market trends. Related Reading: XRP ETFs And A Price Surge: What To Expect If The SEC Gives Greenlight A dip to $1.24, while unsettling for some, could pave the way for a much larger rally that would push the altcoin into the long-anticipated double-digit territory. In another analysis, EGRAG CRYPTO predicted a long-term XRP price target of $27. At the time of writing, XRP is trading at $2.27, up by 5.13% and 7.26% in the past 24 hours and seven days, respectively. This comes as a response to ProShares securing SEC approval to launch three XRP Futures ETFs on April 30. Similarly, the first XRP Spot ETF was recently launched by crypto asset manager Hashdex in Brazil. Featured image from Adobe Stock, chart from Tradingview.com
The XRP price is eyeing a surge of 20% as it looks to reach a major resistance zone at $2.50, providing a bullish outlook for the altcoin. This projection comes amid XRP’s pullback to retest the breakout zone, with a confirmation of this breakout likely to lead to new highs. XRP Price Eyes 20% Surge To $2.51 In a TradingView post, crypto analyst Liam indicated that the XRP price could soon rally to the key resistance level at $2.15803. The analyst highlighted $2.29387 and $2.40995 as the other key resistance levels for the altcoin. Meanwhile, he mentioned that $2.18880 and $2.08373 are the key support zones to keep an eye on. Related Reading: Crypto Analyst Says “XRP Is Dead” Sentiment Is A Lie, Reveals The Truth Liam also commented on the current XRP price action and what needs to happen for the altcoin to reach this $2.51 target. He noted that the altcoin recently broke above a key consolidation range but is now pulling back to retest the breakout zone. If the support between $2.18880 and $2.08373 holds, then the altcoin could initiate a strong bullish rally towards the resistance zones, with $2.51803 as the major target. The crypto analyst advised market participants to closely monitor price action around the retest zone. He claimed that a strong bullish rejection from support could offer a high-probability long opportunity toward the higher targets. The XRP price currently boasts a bullish outlook, with the broader crypto market witnessing a reversal from recent lows. XRP’s fundamentals also support a price. CME Group recently announced plans to launch XRP futures contracts in May, while ProShares Trust XRP ETF could launch soon, which would also provide institutional investors with exposure to the fourth-largest crypto by market cap. $2.24 Is Also A Major Resistance To Keep An Eye On Crypto analyst CasiTrades suggested that $2.24 is another major resistance level to keep an eye on for the XRP price. She noted that this level has been a key focus for weeks. XRP recently broke above this level as it surged to $2.27 but faced strong rejection, and is now looking to retest $2.24 as resistance. Related Reading: XRP Vs. Bitcoin: Ripple Drops Bombshell On Which One Is Better CasiTrades asserted that price remains vulnerable to deeper support until it can reclaim and close above $2.24. On the bullish side, the analyst claimed that this is a critical area that needs to be respected to keep bullish momentum intact. Crypto analyst Dark Defender assured that XRP will continue to climb to the top. His accompanying chart showed that the altcoin could reach as high as $8 in this market cycle. At the time of writing, the XRP price is trading at around $2.28, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Chart technician “Charting Guy” told his audience that XRP’s current four-hour structure suggests a measured climb toward a cycle peak near $8—yet nothing higher. Displaying a BITSTAMP four-hour chart overlaid with multi-sigma deviation bands, he wrote that XRP is “over this standard deviation and we likely move up quickly to the next one at the $3 area, then one around $4.20 and the last one at the top around $8… coincidently my main target this cycle.” No Double Digits For XRP This Cycle The analyst’s tone turned caustic when addressing hopeful forecasts for double- or triple-digit prices. “To all the people saying $8 isn’t high enough,” he said, “please throw your brain in the dryer after it got washed by all these influencer moonboys.” He argued that a move from last cycle’s capitulation low near $0.28 to $8 already implies a 2,757% advance. “Imagine not taking at least some profit lol,” he added, warning that fixation on outlier targets had trapped retail investors in every prior top. Charting Guy conceded that valuations beyond three digits are theoretically possible “if they completely achieve their goal,” referencing Ripple’s long-term ambitions in cross-border settlement and CBDC plumbing, yet he insisted that such a scenario is “absurd” for the current market phase. “It’ll likely take a few decades for all that to play out,” he wrote. “Influencer moonboys who know nothing have been saying these things for 10 YEARS and look at the chart. It’s at $2.23 right now.” Related Reading: XRP Price Pullback To $2 According To Plan For Historic Breakout To $10, Analyst Says His broader technical read remains constructive. In a slew of follow-ups he highlighted that XRP is “holding monthly Tenkan and Kijun perfectly,” “fighting between Kijun and Tenkan on weekly Ichimoku Cloud,” and has “held weekly EMA Ribbon perfectly” as well as the weekly Supertrend. Those confluences keep the medium-term structure intact, he implies, even if short-term volatility remains. On the daily timeframe he cautioned that XRP “broke out of channel, might come back to retest,” a move that—by his chart—could drag price briefly below $1.90 before the anticipated climb resumes. For Charting Guy, the disciplined approach is to respect those levels rather than chase grandiose numbers. “That lack of understanding will make these people miss bull-cycle tops and ride it down −50 to −90 percent every cycle when they can trade a big chunk of their bag each cycle and quit their 9-5 sooner,” he said. “I just try my best to be realistic and help people based on actual data in the charts, not some fairy tale a YouTuber told me.” Related Reading: XRP Will Print A New All-Time High If This Happens: Analyst While his $8 ceiling may disappoint the most fervent XRP believers, the target—if hit—would still mark the highest price in the token’s history and a near-thirty-fold return from the bear-market lows. For now, traders watching the four-hour deviation bands will be looking first for confirmation of a push through $3, then $4.20, as the analyst’s path to eight dollars begins to unfold. At press time, XRP traded at $2.33. Featured image created with DALL.E, chart from TradingView.com
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
Standard Chartered's Geoffrey Kendrick predicts a new bitcoin all-time high around $120,000 in Q2, fueled by strategic reallocation away from U.S. assets.
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.
Digital assets are becoming an emerging safe haven amid concerns over the impact of U.S. tariffs, Head of Research James Butterfill said.
Market analyst Egrag Crypto has tipped XRP to fall to $1.25 in the short term, barring a specific price development. Despite a bullish trading week, which saw the altcoin trade at $2.29, the market expert explains that XRP is yet to confirm a market bottom, indicating the potential of a future price fall. Related Reading: SUI Primed For Market Correction – Analyst Sets Target At $2.75 Crucial Times Ahead: XRP Must Break $2.33–$2.45 To Invalidate Bearish Forecast In an X post on April 26, Egrag Crypto shared a bearish forecast on the XRP market, suggesting a potential downswing lies on the horizon. Based on the technical analysis of the XRP trading chart, altcoin appears to be trading below the Bull Market Support Band despite recent gains due to the extensive price correction in Q1 2025. For context, the Bull Market Support Band is a price zone formed from two moving averages to help traders detect whether an asset remains in a bull market or not. When prices fall below this support band, it often signals a bear market risk. For XRP to invalidate this negative forecast, the fourth-largest cryptocurrency must close above $2.33, which represents the immediate resistance level. Importantly, XRP must reclaim the $2.45, which currently acts as the upper edge of the Bull Market Support Band. Achieving a decisive close above both critical price levels would signal a strong market demand and reduce fear of a larger price correction. However, if XRP fails to break above this band soon, the 0.702 Fibonacci level around $1.25 becomes a likely potential target. Egrag Crypto explains that this Fibonacci level aligns with the previous breakout structure, thus making it a strong historical support. However, a price fall to $1.25 would only constitute a major retest, which could reinforce the long-term bullish structure of the XRP market. Related Reading: Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View XRP Price Overview At the time of writing, XRP trades at $2.18, reflecting a decline of 0.78% in the last day. The prominent altcoin is also down 5.08% on the monthly chart, indicating that bearish pressures are still strong in the market. According to data from Coincodex, market sentiment currently remains neutral, with investors still uncertain of XRP’s future. Notably, only 40% of XRP’s last 30 trading days have been profitable. Interestingly, Coincodex analysts expect the asset to retain its recent bullish form in the short term to potentially trade at $2.50 in five days. However, they remain highly bearish on long-term prospects, projecting a price of $1.97 in one month and $1.65 in three months. Featured image from iStock, chart from Tradingview
A top Korean Elliott Wave expert has forecasted that XRP may move between $10 and $40 over the next few months, which reflects possible gains of as much as 1,726% from current market levels. XForceGlobal, Korea’s first ever certified Elliott Wave analyst, is of the view that the cryptocurrency has entered the completion phase of its correction cycle and now stands ready to go into a big bull run. Related Reading: Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says Technical Pattern Signals End Of Downward Trend XRP has completed what technical analysts term a “WXY corrective pattern” as per XForceGlobal. The technical pattern has often indicated that a period of a pullback is concluding. The analyst said Wave W was the initial response of the market to profit-taking once XRP had risen six times in price. Wave X momentarily picked up the upward trend with minimal momentum before Wave Y concluded the correction with another orderly downward trajectory. The cryptocurrency fell approximately 50% from its January 2025 peak of $3.33 to a low of $1.638. However, it has since rebounded by 34% to trade at $2.20 at the time of reporting. $XRP We’ve been calling for this exact pullback for months. We are inching that much closer to a historic breakout to $10+. Progress may be gradual, but it’s undeniable. https://t.co/QxWbJRPhMq pic.twitter.com/9lbnZjaTHz — XForceGlobal (@XForceGlobal) April 24, 2025 Price Targets Range From $10 To $40 XForceGlobal’s analysis puts XRP in wave 2 of a bigger fifth wave, indicating the next big move would be a strong wave 3. The analyst has had a minimum target of $10, which would be a 350% rise from current levels. His upper target of $40 would be an unprecedented 1,726% rise. The prediction relies on Elliott Wave Theory, which tries to foresee market movements through patterns of investor sentiment expressing themselves in price waves. The predictions rely on the strength and expansion of waves 3 and 5 within the overall structure of the market. Korean Markets Act As Leading Indicators XForceGlobal pointed out that Korean cryptocurrency exchanges play a vital role in the prediction of XRP price fluctuations. In the opinion of the analyst, Korean markets have in the past led in the recognition of significant XRP tops and bottoms. The similarity between XRP’s Korean won (KRW) chart and its US dollar chart was highlighted as especially significant. “We’re seeing the same structure on both charts. That adds conviction that wave 2 may be complete,” the analyst said. Related Reading: Ethereum ‘Heating Up’ – Address Activity Jumps Nearly 10% In 2 Days Investment Strategy Recommendations Although the recent 40% advance from lows is the current state, XForceGlobal described recent short-term decline as typical market action. The analyst indicated that “smart money” is already accumulating in XRP as retail interest starts coming back. XForceGlobal compared the strength of XRP’s community against the reported dwindling enthusiasm for Ethereum and Solana. The last stage of this cycle might involve a vertical, parabolic price action, perhaps initiating a new wave of FOMO among investors. Featured image from CoinFlip, chart from TradingView
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
Crypto analyst XForce has commented on the recent XRP price pullback, claiming that this price correction is part of the plan as the altcoin eyes a historic breakout. The analyst predicts that XRP can reach double digits when this breakout happens. XRP Price Pullback Part Of Plan For Historic Breakout To $10 In an X post, XForce indicated that the recent XRP price correction is part of the plan for the historic breakout to $10. He stated that he has been calling for this exact pullback for months and remarked that the altcoin is inching closer to a historic breakout to $10. The analyst added that progress may be gradual, but it is undeniable. Related Reading: Crypto Analyst Reveals When The XRP Price Will Reach $25 – It’s Not Far Off In a video on his YouTube channel, XForce further explained why he is confident that the XRP price can still reach a new all-time high (ATH). He highlighted a WXY corrective structure, which began at the start of the year, noting that this was just part of a larger bullish structure. He remarked that this corrective structure occurred as the market looked to cool off from the rally recorded in the first phase of this bull cycle. The crypto analyst stated that the XRP price is still going to witness a Wave 3, 4, and 5 move on the macro chart. This Wave 3 impulsive move is expected to take the altcoin to the $10 target before it then pulls back on Wave 4. XForce believes that XRP could rally to as high as $40 on the Wave 5 before this bull cycle finally ends. Meanwhile, the analyst alluded to the XRP/USDT chart while indicating that the bottom is already in for the altcoin, with the WXY corrective structure in Wave 2 already done. This means that XRP is now ready for a rally to the upside, with the move to $10 likely to start anytime soon. XRP Is Closer To An “Extreme Bull Run” In an X post, crypto analyst Dark Defender stated that the XRP price is closer to an extreme bull run in a very short time than market participants can ever imagine. He told market participants to keep an eye on $2.222 and $2.40 as the major resistance levels, while $1.8815 is the major support level. Related Reading: XRP To Flip Bitcoin This Cycle? Analyst Points To Major Bounce The crypto analyst suggested that the XRP price could still drop below $2 before it records this explosive move. He stated that the altcoin is expected to have three more waves in the smaller timeframes. As such, he advised market participants to keep an eye on the $1.8815 level again. At the time of writing, the XRP price is trading at around $2.18, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
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.
CME Group is preparing to roll out XRP futures on May 19, pending regulatory approval. According to an April 24 statement, the product will feature two contract sizes, including one tied to 2,500 XRP and another to 50,000 XRP. These contracts are designed to accommodate varying investment strategies. They will be cash-settled and benchmarked against […]
The post CME Group eyes May launch for XRP futures product appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin’s safe-haven narrative has been growing in the past week on its relevant resilience, mirroring gold’s price rise, even as bond yields and U.S. equities corrected amid the ongoing tariff wars.
XRP price started a fresh increase above the $2.220 zone. The price is now correcting gains and might find bids near the $2.150 support zone. XRP price started a fresh increase above the $2.20 zone. The price is now trading above $2.20 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2.220 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might correct lower and test the $2.150 support zone. XRP Price Corrects Gains XRP price started a decent upward wave above the $2.10 and $2.120 resistance levels, like Bitcoin and Ethereum. The price traded above the $2.20 and $2.220 levels to start a decent increase. The bulls even pushed the price above $2.250 before the bears appeared. A high was formed at $2.299 and the price started a downside correction. There was a move below the $2.220 and $2.2120 support levels. The price even traded below the 23.6% Fib retracement level of the upward move from the $2.060 swing low to the $2.299 high. There was a break below a connecting bullish trend line with support at $2.220 on the hourly chart of the XRP/USD pair. The price is now trading above $2.20 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.220 level. The first major resistance is near the $2.2440 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 $2.220 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 and the 50% Fib retracement level of the upward move from the $2.060 swing low to the $2.2990 high. If there is a downside break and a close below the $2.180 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 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 – $2.180 and $2.150. Major Resistance Levels – $2.220 and $2.450.
Major altcoins have yet to achieve similar breakouts.
Trading-desk watchers received a fresh dose of long-term optimism for X on Tuesday after crypto analytics boutique Sistine Research published a multi-year XRP/US Dollar chart pointing to an eventual advance into the $33 to $50 region. The chart they circulated on X shows that the 2,500-day symmetrical triangle dating back to the January 2018 top actually resolved to the upside in mid-November 2024, when a single, outsized green candle catapulted XRP north. In barely nine trading weeks the token rallied as much as 470%, tagging $3.40 on January 16 before momentum cooled. Long-Term Target Set At $33–$50 By Sistine Research Since mid-January the market has been digesting those gains inside a clearly defined, red-boxed band bounded by $3.40 above and $1.96 below (which is the May 2021 high). That range is not arbitrarily drawn: on Sistine’s chart it is the analogue of the 2017 congestion zone that developed immediately after the earlier, 1,169-day triangle was resolved. In that historical example XRP needed six weeks of sideways churn before reigniting; the next impulse carried price almost vertically into its January 2018 peak. The firm argues that the same fractal is now playing out on a grander scale. The smaller triangle required 1,169 days of compression and unleashed a 322-day advance to the cycle high. The current structure ran for roughly 2,500 days, and the green ‘675 days’ annotation on the chart applies the identical compression/expansion ratio (≈ 0.275) to project the likely duration of the forthcoming trend leg. Counting forward 675 days from the November 2024 breakout pins a provisional climax in early September 2027. Related Reading: Analyst Says “The Clock Is Ticking” For XRP — Here’s Why Price objectives stay unchanged. The conservative target zone, shaded pale green between $33 and $50, is derived from measuring the vertical depth of the triangle and applying the same percentage over-run that occurred in 2017. Sistine notes that if the pattern is treated as the handle portion of an extensive cup-and-handle formation, harmonic extension levels cluster between $77 and $100, though those numbers are treated as tail-risk possibilities rather than the base case. “If you’re willing to measure as a cup and handle, targets could be as high as $77 to $100. […] The last symmetric triangle from 2017 over performed measured targets by quite a lot. This one is a much larger pattern,” the firm states. Related Reading: XRP Wyckoff Pattern Maps Bullish Run To $3.70 This Summer Technically, the structure remains intact as long as weekly closes hold above the triangle’s former down-trend line—now rising support near $0.80—and above the horizontal pivot at $1.96. A decisive push through $3.40 would, in Sistine’s view, confirm the range-break and open the door to a second vertical acceleration. Failure, conversely, would postpone rather than cancel the timeline, because the breakout pivot lies well beneath current trade and has not yet been retested even once. With the chart arguing that time, rather than additional pattern-building, is now the dominant variable, Sistine’s thesis boils down to a simple equation: maintain the mid-November breakout, allow the 675-day clock to run, and history implies an exponential melt-up culminating around the end of the third quarter of 2027. At press time, XRP traded at $2.22. Featured image created with DALL.E, chart from TradingView.com
Amid the market recovery, Cardano (ADA) has seen a 5% daily surge to retest the $0.66 level. Its recent price action has led the cryptocurrency to break out of a bullish formation, which could propel ADA to a key resistance zone. Related Reading: Ethereum Attempts Breakout From Multi-Month Downtrend, But Can ETH Hold $1,600? Cardano Breakout Eyes 27% Move On Tuesday, Cardano followed Bitcoin’s price jump and climbed to the $0.66 resistance, attempting to break above the key level for the third time this month. ADA has been in a downtrend since hitting its 3-year high of $1.32 in December 2024, retracing over 50% in the past four months. In March, the cryptocurrency surged 80% toward the $1.17 mark, driven by US President Donald Trump’s initial announcement of a “Crypto Strategic Reserve” comprised of ADA, XRP, and Solana (SOL). However, after the White House’s Crypto Czar, David Sacks, explained that the listed cryptocurrencies were used as an example of leading tokens, ADA’s price retraced to the $0.70-$0.80 range. Amid the late March retraces, Cardano lost the $0.70 mark, falling to the $0.50-$0-55 zone in early April. This month, the cryptocurrency has retested the $0.66 level but has been rejected twice. Today, it attempted to break this level again but was rejected a third time. Nonetheless, analyst Ali Martinez pointed out that ADA has broken out of a symmetrical triangle pattern amid its current performance. Cardano has been consolidating within a symmetrical triangle formation throughout April, setting the stage for a 27% price move. After surging above the $0.63 mark, ADA broke out of the pattern, eyeing a surge toward the $0.77 resistance next. ADA Preparing For Key Retests Analyst Sebastian noted that the cryptocurrency “is brewing,” as it’s moving within a four-month descending channel. ADA has bounced toward the upper boundary, which has served as resistance, each time it has retested the lower trendline as support. After the recent drop to $0.50, Cardano could retest the upper boundary soon, at around the $0.80 price range. Moreover, the analyst pointed out that the token is currently breaking out of an Inverse Head & Shoulders pattern within the descending channel, which could see the cryptocurrency surge toward the key resistance level. Another market watcher suggested that the cryptocurrency could be following its 2020-2021 pattern. According to the chart, once ADA broke out of its bear market rally levels, it reached a new cycle high, followed by a retest of the bear market rally as support. Related Reading: Analyst Says “The Clock Is Ticking” For XRP — Here’s Why After breaking out of the downtrend, it rallied toward its all-time high (ATH) of $3.09 in the coming months. “If ADA broke out this week and followed the same pattern as last cycle, it would be on track to hit a new ATH in the middle of August,” the analyst asserted. Meanwhile, Dan Gambardello affirmed that Cardano’s biggest resistance is at the $3 mark, “where a lot of people have regret for not selling last cycle.” The analyst forecasted that once ADA hits ATH levels, its pump “will probably pause in that general area with a lot of volatility, and then continue to $5. It’ll be like a crypto bus stop.” Featured Image from Unsplash.com, Chart from TradingView.com
According to CoinShares’ latest weekly report, crypto investment products registered slight net inflows last week, with a total of $6 million entering the market. The figures reflect ongoing uncertainty among investors, with notable variations in sentiment both across regions and among individual crypto assets. Despite a relatively stable start to the week, broader macroeconomic data, particularly from the US, had a visible impact on fund flows. Related Reading: Ethereum Attempts Breakout From Multi-Month Downtrend, But Can ETH Hold $1,600? US Crypto Outflows Lead the Week, While European Sentiment Remains Positive CoinShares’ Head of Research, James Butterfill, noted that the release of “stronger-than-expected “US retail sales data mid-week coincided with a significant capital outflow. As a result, although there were early inflows, mid-week saw a pullback of $146 million, erasing much of the earlier gains. Regional trends were particularly mixed. The United States led the weekly outflows, with investment products domiciled in the country seeing a net withdrawal of $71 million. By contrast, European markets maintained a more positive outlook. Switzerland saw inflows of $43.7 million, Germany followed with $22.3 million, and Canada added $9.4 million, highlighting regional divergence in crypto investment behavior. Bitcoin remained the focal point of fund movement throughout the week. Intra-week flows signaled conflicting views among investors, ultimately concluding with minor outflows totaling $6 million. Short Bitcoin products also saw continued reductions, with $1.2 million in outflows last week. This marks the seventh consecutive week of outflows for short positions, bringing the cumulative withdrawal from these products to $36 million. According to CoinShares, this now accounts for approximately 40% of total assets under management (AUM) in short Bitcoin investment vehicles. Ethereum Sees Continued Pressure, While XRP Maintains Upward Trend Ethereum faced ongoing outflows, continuing an eight-week trend. The asset experienced a further $26.7 million in withdrawals last week, bringing total crypto outflows since the start of the recent streak to $772 million. Despite this consistent pressure, Ethereum still holds the second-highest position in year-to-date (YTD) fund flows, recording $215 million in net inflows so far in 2024. This indicates that while recent sentiment has cooled, longer-term interest remains comparatively strong. In contrast, XRP recorded notable weekly inflows of $37.7 million. This recent performance has elevated the token to third place in YTD fund flows, just behind Ethereum, with a total of $214 million in net inflows since the beginning of the year. Related Reading: XRP Price Prognosis: Analyst Sees $14 In Spite Of Current Troubles Thecrypto’s resilience in the face of broader market uncertainty has been reflected in recent fund behavior and continues to draw attention from investors allocating capital to diversified crypto asset portfolios. Featured image created with DALL-E, Chart from TradingView
XRP price started a fresh increase above the $2.150 zone. The price is now consolidating above $2.20 and might clear the $2.250 resistance. XRP price started a fresh increase above the $2.120 zone. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if it clears the $2.250 resistance zone. XRP Price Gains Strength XRP price started a recovery wave above the $2.0650 and $2.10 resistance levels, like Bitcoin and Ethereum. The price traded above the $2.120 and $2.150 levels to start a decent increase. The bulls even pushed the price toward $2.250 before the bears appeared. A high was formed at $2.2490 and the price started a downside correction. There was a move below the $2.2350 and $2.2220 support levels. The price even tested the 23.6% Fib retracement level of the upward move from the $2.060 swing low to the $2.2490 high. However, the bulls protected the $2.20 support. The price is now trading above $2.220 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.20 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.2450 level. The first major resistance is near the $2.250 level. The next resistance is $2.350. A clear move above the $2.350 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.620 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.80. Another Decline? 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 and the trend line. The next major support is near the $2.150 level and the 50% Fib retracement level of the upward move from the $2.060 swing low to the $2.2490 high. 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 $2.080 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 $2.150. Major Resistance Levels – $2.250 and $2.350.
XRP has emerged as one of the most resilient performers in the crypto space over recent months, showing relative strength even as broader market conditions remain shaky. After climbing steadily, XRP is now facing a critical test near the $2.10–$2.20 resistance zone — a level that could determine the asset’s next major move. Despite this hurdle, recent data points to strong underlying network activity that supports the bullish case. Related Reading: Solana Short-Term Indicator Signals Potential Risk – Reversal Or Pause? According to Glassnode, XRP network activity surged 67.50% in recent days, with the number of active addresses jumping from 27,352 to 40,366. This spike in activity suggests growing interest and participation on-chain, a key indicator often associated with sustained momentum. As investors closely monitor the broader market’s reaction to macroeconomic events, XRP stands out as a token that continues to draw attention based on both price performance and blockchain engagement. With bulls attempting to break through resistance, the coming days will be crucial for XRP’s trajectory. A successful breakout could ignite a fresh rally, while a rejection may invite short-term consolidation. Either way, XRP’s rising on-chain metrics indicate the asset remains firmly on investors’ radar. XRP Market Eyes Breakout As Active Addresses Surge XRP bulls are holding strong as the market braces for its next major move. After staying consistently above the $1.80 level, XRP now appears well-positioned to continue its upward momentum. Analysts are becoming increasingly optimistic, especially as the broader macroeconomic environment hints at eventual easing. Once tensions between global superpowers begin to cool and markets gain clarity, many believe a large surge across crypto assets, led by XRP, could follow. While sentiment grows more positive, some analysts warn of another leg down before a true breakout occurs. They suggest the market may need to establish a stronger demand base by dipping below current lows to shake out weak hands. This view contrasts with the more bullish narrative, but both sides agree: a major move is brewing. Adding to the bullish thesis, crypto analyst Ali Martinez shared key data from Glassnode showing a significant uptick in XRP network activity. Over the past few days, active addresses on the XRP Ledger jumped 67.50%, rising from 27,352 to 40,366. This spike signals heightened user engagement and increasing on-chain demand — often a precursor to notable price movement. With network activity accelerating and price structure holding firm, XRP may be nearing a critical inflection point. Related Reading: Ethereum Analyst Sets $3,000 Target As Price Action Signals Momentum – Details Price Faces Key Technical Test: Can Bulls Defend $2 Level? XRP is currently trading at $2.10, showing resilience near a critical support zone. However, a technical warning is flashing on the chart. The 200-day exponential moving average (EMA) is on the verge of crossing below the 200-day simple moving average (SMA), a pattern that often signals weakening bullish momentum or potential market fatigue. This development places added pressure on bulls to defend the $1.95 support level. A breakdown below this point could lead to further downside and reset market sentiment. For now, holding above this zone remains crucial to maintain short-term bullish structure and avoid a larger retracement. On the upside, a decisive breakout above the $2.25 level would confirm renewed buying interest and mark the beginning of a recovery rally. Such a move could take XRP toward the upper boundary of its current range and reignite momentum across the broader altcoin market. Related Reading: Ethereum Enters Historic Buy Zone As Price Dips Below Key Level – Insights As XRP navigates this pivotal moment, traders are watching closely to see whether bulls can sustain the rally or if a deeper consolidation phase is coming. With network activity rising and investor interest holding strong, this price zone could determine the next major direction for XRP. Featured image from Dall-E, chart from TradingView
Crypto analyst 589Bull has asserted that the “XRP is dead” narrative is a lie. The analyst went further to reveal the truth and explain why market participants should be bullish on the altcoin, despite the current price action. Why XRP Is Not Dead Despite Current Price Action In an X post, 589Bull stated that the idea that XRP is dead is a lie. Instead, he stated that the truth is that the altcoin is being embedded in the next financial system. The crypto analyst further remarked that Ripple is building the rails, digitizing liquidity using XRP, mapping corridors, and “bleeding retail” so that only institutions, bots, and insiders are positioned. Related Reading: XRP Vs. Bitcoin: Ripple Drops Bombshell On Which One Is Better In line with this, he advised retail investors not to chase hype, or beg for dates, or flinch as the trick isn’t timing when the switch flips for XRP. Instead, he believes the trick is surviving the lie long enough to cash out on the truth. Simply put, 589Bull is confident that the altcoin will still experience a massive surge and is therefore advising market participants to hold and not get shaken out. 589Bull also answered the question on why XRP has the most fundamentals in its history and is still down 30% from its 2025 high. He remarked that the answer is simple, as price isn’t the truth. Instead, he believes that the price is the trap, possibly to shake out the weak hands before the altcoins surge to new all-time highs (ATHs). The analyst claimed that “they” are not trying to reward early holders but rather shake them out. He further stated that while retail investors are watching red candles, they are launching futures, likely alluding to the Teucrium XRP ETF, which just launched. 589Bull added that the institutions are also listing international ISINs, onboarding banks to DLT corridors, and filing ETF applications in the background. The analyst asserted that this is a game of perception and that the louder the fear, the quieter the setup. The Clock Is Ticking For The Altcoin In an X post, crypto analyst CasiTrades stated that XRP’s setup hasn’t changed, but the clock is ticking. She explained that the altcoin remains in the same range, as there haven’t been any new highs or lows. Related Reading: Over $700 Million In XRP Moved In April, What Are Crypto Whales Up To? However, the analyst noted that the altcoin has attempted a breakout alongside the Bitcoin price but stalled at the 0.618 retracement level, which is a common level for exhaustion. She added that the rejection came fast, and now the momentum is pulling XRP back to support. Meanwhile, CasiTrades also asserted that nothing about the bigger picture has changed. She stated that the current price action reinforces her belief that XRP will need to sweep major support levels, such as $1.90 and $1.55, before it is ready to break out. The analyst added that this should not continue to drag on as momentum in crypto shifts very quickly. At the time of writing, the XRP price is trading at around $2.07, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
The long‑running stalemate in the XRP price action may be entering its decisive phase, according to market technician CasiTrades (@CasiTrades). In a chart update shared on X, the analyst stresses that “XRP’s setup has not changed – but the clock is ticking,” underscoring that the token remains confined to the same structural range that has contained it since early April. Why The “Time Is Ticking” For XRP The one‑hour Binance chart published by CasiTrades prints XRP at $2.07. A failed rally earlier in the session stopped precisely at the 0.618 Fibonacci retracement of the March‑to‑April downswing, labelled on the chart at $2.118. “XRP attempted a breakout alongside BTC but stalled at the 0.618 retracement, which is a common level for exhaustion. The rejection came fast, and now momentum is pulling us back toward support,” the analyst writes. Horizontal supply blocks in the $2.10–2.17 region reinforce that resistance. Below, successive bands of medium‑term support appear at the 0.5 retracement ($1.90) and at the deeper 0.618 level ($1.55), both highlighted in green and annotated as “major support.” Relative‑strength index data in the sub‑panel show a short‑term bearish divergence – price flat while the RSI slopes lower – hinting that the most recent advance may be tiring before reaching overbought territory. Related Reading: XRP Wyckoff Pattern Maps Bullish Run To $3.70 This Summer “Nothing about the bigger picture has changed. In fact, this just reinforces what I have been saying, we likely still need to sweep major supports like $1.90 or $1.55 before XRP is ready to break out. This should not continue to drag on… Momentum in crypto shifts quickly. We could tag those support levels and launch into Wave 3 very very soon,” Casi writes. She frames the entire structure as a classic Elliott Wave corrective pattern. A sharp three‑leg “ABC” decline from the early‑April peak ended in mid‑month, and the market has since been carving out what the analyst still regards as Wave 2 of a much larger impulsive sequence.“ XRP is still in Wave 2. Everything still supports a macro breakout. Until then, I am watching key levels and letting it play out,” he states. Related Reading: XRP Surpasses Ethereum In This Major Metric After Outperforming For 6 Months Responding to a follower who asked whether any excursion to $1.55 would occur swiftly, CasiTrades replied: “Yes I do think if it goes for $1.55 it would be a fast recovery. The purpose of it would be to break resistances above by using that recovery momentum.” She added that his personal strategy is to deploy remaining cash at $1.90 and manage risk with a stop once the first bounce materialises. The analyst’s conviction rests in part on Fibonacci time‑zone analysis first presented earlier this month. That framework – now in its third projected epoch – still allots room for a high‑velocity Wave 3 launch before April closes. “Momentum in crypto shifts quickly. We could tag those support levels and launch into Wave 3 very very soon!” she contends. Extension targets derived from standard Fibonacci multiples remain unchanged: $6.50 (1.618), $9.50 (2.618 and described as “most likely”), and “$12+” at the 3.618 extension. For now, however, XRP is stuck between an overhead wall at $2.24 – the 0.382 retracement and the high of the putative Wave ( C ) – and a floor clustered around $1.90. Until either side of that corridor is breached with decisive volume, CasiTrades says “nothing about the bigger picture has changed,” but warns that the window for an April resolution is narrowing: “This should not continue to drag on… We are still in Fib Time Zone 3 according to that analysis.” At press time, XRP traded at $2.07. Featured image created with DALL.E, chart from TradingView.com
Cryptocurrency prices are starting to grind through a period of slow but steady gains in the past 48 hours, with Bitcoin again leading the charge and most altcoins lagging in recovery. In a recent post on the X platform, popular Bitcoin maximalist and CEO of JAN3, Samson Mow, described the misleading nature of unit bias among altcoins. According to Mow, Ethereum at $9,200, XRP at $5,800, and Solana at $3,400 is virtually impossible, given the current supply of these tokens. Unit Bias And Market Cap: The Numbers Don’t Lie Mow’s post on X challenges how investors perceive the value of altcoins like Ethereum, XRP, and Solana. He proposed a reframing of altcoin valuations by applying Bitcoin’s supply model to them. Bitcoin was created with a total possible circulating supply of 21 million units, with 19.85 million of those currently in circulation. Related Reading: Samson Mow Dumps Bitcoin Bombshell: Current Price Action Is ‘Manufactured’, Not Natural At the time of writing, one unit of 21 million Bitcoins is trading around $88,000. This price might be too much for retail traders. As such, the idea of owning a whole unit of XRP or Solana feels more accessible to newcomers and retail traders compared to buying a fraction of Bitcoin with the same capital. To expose how misleading this mindset can be, Mow reimagines altcoin valuations by dividing their total market capitalizations by Bitcoin’s 21 million supply cap. This is essentially asking what one unit of these assets would cost if they had the same scarcity of supply as Bitcoin. Based on current market caps, Ethereum would be valued at approximately $9,200, XRP at $5,800, and Solana at $3,400. Given the current price of Ethereum, Solana, and XRP, these figures are unrealistic and reveal how much of the altcoin appeal is driven by unit bias rather than actual value. Furthermore, it shows that Bitcoin has better fundamentals and scarcity in its supply dynamics. Narrative Of Bitcoin Dominance Getting Stronger For Mow and other Bitcoin maximalists, the disparity in Bitcoin supply and that of popular altcoins is yet another reason why Bitcoin dominance is likely to grow stronger in the long run. Notably, the inflows into spot Bitcoin ETFs and increasing recognition among traditional finance investors are strengthening the case for Bitcoin’s dominance going forward. Related Reading: Is It Time For Altcoin Season? Bitcoin Dominance Rises To Major Rejection Zone Notably, Mow’s perspective stands in opposition to the outlook held by some analysts who still anticipate an incoming altcoin season. These analysts believe that Bitcoin dominance, despite currently sitting at a yearly high of 63.5%, could be on the verge of a reversal. One notable technical analysis even projected a sharp crash in dominance toward the 40% mark in the coming months. At the time of writing, Bitcoin is trading at $88,530, up by 1.3% in the past 24 hours. Ethereum is trading at $1,620, representing a 1.5% decline over the same period. Solana is down 0.5% at $140, and XRP is trading at $2.09 after a 1.63% decline in the past day. Featured image from Pixabay, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
As uncertainty in the broader market looms over the crypto space, some market pundits remain remarkably upbeat—especially when it comes to XRP. A anonymous cryptocurrency analyst referred to as “Papa” sees XRP reaching a price of up to $14 despite the latest challenges besetting the digital money. The bold prediction comes amid XRP fighting to hold steady at the level of around $2 after experiencing four straight days of losses. Related Reading: Pi Network Frenzy Builds: $5 Prediction As Whales Take Out Millions Market Sends Uncertain Signals On XRP Future XRP last reached a two-week high of $2.24 on April 13 before pressure from selling took it down to $2.04 by Friday, April 18. This 4% decline was the first instance since late March when XRP had recorded four consecutive days of falling prices. As per current technical markers, sentiment remains neutral while the Fear & Greed Index hovers at 39, solidly in “Fear” territory. $XRP SCREAMING HIGHER ???? pic.twitter.com/DnRGTDs5x6 — PAPA♛ (@MamaGucci) April 19, 2025 In spite of these warning signs, Papa is convinced XRP is “screaming higher” according to chart patterns that reflect the cryptocurrency’s historic bull run of 2017-2018. History May Repeat With New Chart Patterns Reflecting on XRP’s most explosive growth phase, the analyst identifies a symmetrical triangle pattern that developed on a 44-day chart in the 2017-2018 bull market. Following an initial 7,800% rise from $0.0055 in March 2017 to $0.3988 in May of that year, XRP consolidated before breaking out to hit its then-all-time high of $3.31 in January 2018—a breathtaking 1,760% rise from its low of $0.177. Based on these figures, Papa observes similar trends emerging in the current market. In the present cycle, XRP rose 570% from November 2024 at $0.50 to an all-time high of $3.39 in January 2025. Since then, it has fallen 38% and spent three months consolidating. Related Reading: Shiba Inu Sees $120 Million Weekly Surge—Whales Tighten Their Grip Technical Indicators Hint At Double-Digit Prices The analyst’s price targets are derived from Fibonacci extension levels—technical indicators that traders use to forecast price action. During its 2017-2018 run, XRP hit multiple Fibonacci targets at the 1.272, 1.618, 2.618, and 4.618 levels. This type of projection isn’t wishful thinking—it’s driven by historical trends and a technical configuration that has taken shape in market cycles. Fibonacci extensions are considered a guide map by many experienced traders, particularly when an asset moves out of years-long zones of consolidation. In the case of XRP, the intersection of structural resistance, sentiment, and historical Fibonacci behavior provides a strong ground for a breakout, that if conditions are right. From current levels, the analyst sees a potential 575% climb for the altcoin, with the $14 target aligning with the 4.618 Fibonacci extension. He believes hitting that mark depends on XRP breaking above the upper trendline of its current parallel channel at $3, which would set the stage for a similar extension in this cycle. Whether Papa’s pattern-based forecast is accurate or not will hinge on XRP’s capacity to overcome the all-important $3 resistance ceiling within the next few weeks. Featured image from CoinFlip, chart from TradingView