XRP Faces Bearish Sentiment as Analysts Predict Subdued Cycle Top

Ripple’s XRP is currently facing bearish sentiment as analysts predict a subdued cycle top, dashing hopes of double-digit price targets. Chart analyst "Charting Guy" highlights the token’s struggle to break past key resistance levels, with its recent rally from $0.28 failing to sustain momentum. Meanwhile, market attention shifts to an emerging altcoin project gaining rapid traction. The unnamed token combines technological innovations that are capturing investor interest, potentially diverting focus from XRP’s lackluster performance. As of April 2025, XRP’s price action remains underwhelming compared to broader market expectations, raising questions about its near-term prospects. This summary delves into the key factors influencing XRP’s current trajectory and the emerging trends in the altcoin space.

XRP Price Forecast: Analysts Call Cycle Top for Ripple – Lower Than Expected

Ripple’s XRP faces bearish sentiment as analysts predict a subdued cycle top, dashing hopes of double-digit price targets. Chart analyst "Charting Guy" highlights the token’s struggle to break past key resistance levels, with its recent rally from $0.28 failing to sustain momentum.

Meanwhile, market attention shifts to an emerging altcoin project gaining rapid traction. The unnamed token combines technological innovation with speculative appeal, drawing comparisons to early-stage opportunities in previous bull cycles.

XRP Shows Signs of Bullish Revival as Technical Pattern Emerges

XRP appears poised for a potential breakout after months of stagnation, with traders noting the formation of a ’mini-golden cross’—a technical indicator often preceding bullish momentum. The asset has decisively broken above its descending wedge pattern and now trades comfortably above key moving averages.

While less prominent than the traditional 50/200 EMA golden cross, this pattern has historically signaled rapid upward movements. Market participants are watching the $2.30 resistance level closely, which could serve as the next major test for XRP’s recovery thesis.

The development comes as a welcome change for holders after February’s prolonged sideways movement. Technical analysts suggest the current setup mirrors previous instances where XRP saw significant appreciation, though market-wide conditions will ultimately determine whether this signal translates into sustained gains.

XRP Set to Surge: Will It Break Through $17 and Reach $55?

XRP stands at a pivotal juncture, with technical indicators suggesting an imminent breakout. Analysts project a potential rally from $17 to $55, fueled by an ascending triangle pattern—a historically reliable bullish signal. Egrag Capital forecasts an intermediate target of $27 before any significant retracement.

The fifth candle formation in the current higher timeframe pattern mirrors previous pre-breakout structures. Market sentiment aligns with 2017-2018 cycle dynamics, when similar patterns preceded parabolic advances. Liquidity pools appear primed for volatility, though macroeconomic headwinds could delay the anticipated move.

SEC Delays Franklin Templeton’s XRP ETF Decision, Extends Review Period

The U.S. Securities and Exchange Commission has deferred its ruling on Franklin Templeton’s proposed XRP-focused exchange-traded fund, marking a setback for the $1.5 trillion asset manager’s crypto ambitions. The regulatory body cited the need for additional evaluation time regarding Cboe BZX Exchange’s rule change petition to list the Franklin XRP Fund.

Franklin Templeton’s entry represented the most significant institutional endorsement of an XRP ETF to date. Market observers now await the SEC’s next move as the extended deliberation period signals heightened scrutiny of crypto investment vehicles.