XRP price currently hovers around $2.21, with strong support at the $2.20 level
Ripple made a $5 billion bid to acquire Circle (USDC issuer), which was rejected as Circle plans to go public
Analysts predict significant price increases, with targets ranging from $10 to as high as $55
SEC delayed its decision on Franklin Templeton XRP ETF application until June 17
Bloomberg ETF analyst raised XRP ETF approval probability to 85% by Q4 2025
XRP price is currently consolidating around $2.21 as the cryptocurrency market trades sideways. The digital asset has established strong support at $2.20, coinciding with the 50- and 100-day Exponential Moving Averages (EMAs). This technical setup has many analysts eyeing a potential move toward $3.00 in the near term.
The current price action follows a mixed performance in recent months. After reaching a seven-year peak of $3.30 in mid-January, XRP experienced downward pressure, dropping 29% in February and an additional 2.58% in March.
April showed more encouraging signs, though the price has remained in the $2 range. Many market observers see this consolidation as a potential springboard for future gains.
The technical outlook appears positive. The Moving Average Convergence Divergence (MACD) indicator has crossed above the mean line, accompanied by green histograms. This buy signal was triggered when the MACD line crossed above the signal line on April 11.
Traders are watching key resistance levels at $2.50, $2.80, and $3.00 for potential breakout confirmations.
Despite the optimistic outlook, caution remains warranted. A rejection from the $2.20 support could trigger increased volatility and deeper drawdowns, potentially testing the 200-day EMA at $1.98 or even April’s low of $1.61.
Bold Price Predictions
Some analysts have made much more ambitious price forecasts for XRP.
Market analyst EGRAG Crypto has identified a macro channel pattern on XRP’s monthly chart that suggests a potential surge to $17 in May 2025. This prediction is based on a six-candle pattern that XRP appears to be repeating from its 2017 bull run.
According to EGRAG, XRP has completed five of these candles since November 2024, setting the stage for a potential “mega monthly candle” in May 2025 that could drive prices up by 672% from current levels.
We’re currently in Candle number 5, and if history is any guide, we could be looking at a MEGA Monthly Candle! Following the same pattern, the target of $17 is definitely in play.
Even more optimistically, EGRAG suggests that a breach of the upper boundary of this macro channel could trigger another upward move to $55, representing a 223% increase from the $17 target.
Other analysts, including Cryptollica, have identified a two-week chart pattern suggesting XRP may be exiting a multi-year compression zone, mirroring its structure before its last parabolic rally. This setup suggests a potential move to the $9-$10 range if the $1.95 level acts as a trigger zone.
ETF Developments
A major catalyst for XRP’s price could be regulatory developments, particularly around XRP ETF approvals.
The SEC recently postponed its decision on the Franklin Templeton XRP ETF application, moving the deadline to June 17. However, Bloomberg ETF analyst James Seyffart has raised the probability of final approval to 85% by the fourth quarter of 2025.
Seyffart indicated that the current delay is procedural and that the SEC might act before the final October deadline. The newly appointed SEC Chair Paul Atkins could play a key role in advancing approval.
The ongoing Ripple lawsuit is also expected to conclude within the year, which would remove a major hurdle for XRP-based ETFs in the United States.
International XRP ETF products are already showing success. Teucrium’s leveraged XRP ETF has attracted $55 million in net assets within its first month of trading, while a Brazil-listed Ripple ETF has also gained investor traction.
XRP bulls are maintaining control after a brief pullback from $2.30, with the asset trending inside the upper Bollinger Band range, suggesting ongoing buying pressure.
As of May 1, 2025, XRP trades at $2.23 with the Relative Strength Index at 56, indicating moderate momentum. If XRP holds above the middle Bollinger Band, the next resistance lies at $2.61.
Ripple’s recent business moves show its ambition to expand its market presence. The company attempted to acquire Circle, the issuer of USDC stablecoin, for approximately $5 billion. This acquisition would have immediately increased Ripple’s stake in the stablecoin market, where it entered in 2024 with the launch of Ripple USD (RLUSD).
However, Circle rejected the offer, citing its plans to go public via an IPO. The stablecoin company has already filed the necessary documents in the United States.
This attempted acquisition follows Ripple’s purchase of Hidden Road, a brokerage firm, for $1.25 billion on April 8 – Ripple’s largest acquisition to date.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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