XRP Price Alert: Analyst Predicts Potential Drop to $1.6 Support Level
Prominent crypto analyst Crypto Paradise has issued a stark warning for XRP investors, predicting a possible price crash to the $1.60 support level despite recent bullish market sentiment. The analysis comes as technical indicators show concerning patterns that could signal a significant downturn for the digital asset.
Crypto Analyst Warns of XRP Price Crash to $1.6 Support Level
Crypto Paradise, a prominent market analyst, has dashed short-term bullish expectations for XRP, forecasting a potential plunge to $1.60. The warning comes amid technical patterns suggesting a bearish reversal, contradicting optimistic market sentiment.
A rising wedge formation on XRP’s chart signals heightened downside risk, according to the TradingView analysis. While such corrections often precede bullish reversals, the immediate outlook remains concerning for holders. The $1.60 support level now serves as a critical litmus test for the token’s resilience.
XRP Eyes Major Breakout as Price Nears Key Trendline Resistance
XRP is approaching a pivotal technical juncture in 2025, testing the upper boundary of a long-standing descending trendline. The token’s recent climb past its 50, 100, and 200-day exponential moving averages (EMA) signals a potential breakout, with all three now acting as dynamic support.
Trading around $2.29, XRP has formed a triple EMA crossover—a classic bullish setup often preceding sustained upward momentum. This alignment reflects a shift in mid- to long-term sentiment, though the true test lies just above current price levels at the upper trendline resistance.
SEC Delays Decision on Franklin Templeton’s Spot XRP ETF Until June 2025
The U.S. Securities and Exchange Commission has postponed its verdict on Franklin Templeton’s proposed spot XRP exchange-traded fund, pushing the deadline to June 17, 2025. The regulator cited the need for additional review time in a notice published on April 29.
This 45-day extension follows standard procedure, though the SEC retains authority to prolong evaluations by up to 240 days from the initial Federal Register publication. Market participants now face extended uncertainty regarding crypto-based investment products.
ProShares Clarifies XRP Futures ETF Launch Date Amid Initial Confusion
ProShares has set May 14 as the target launch date for its futures-based XRP ETF, following regulatory filings with the U.S. Securities and Exchange Commission. The announcement comes after widespread misinterpretation of an April 15 filing, which some media outlets erroneously reported as an April 30 launch for a spot ETF.
The firm clarified that its product will track XRP futures contracts rather than holding the asset directly—a structure that tends to exhibit higher volatility than spot ETFs. While the amended filing indicates progress, it does not constitute final SEC approval.
Market observers note the distinction between futures and spot ETFs remains crucial for investors. Futures-based products allow exposure without direct ownership, but carry unique risks including contango effects and expiration roll costs.
XRP Price Rally Anticipated Amid ETF Hype and Technical Breakout
The XRP price is showing signs of a potential short-term rally, with targets reaching up to $3.40, fueled by bullish technical indicators and growing investor enthusiasm. ProShares Trust’s XRP futures ETF, initially delayed until May 14, 2025, has sparked optimism following the SEC’s approval and Ripple’s recent legal victory.
XRP’s price surged over 40% from monthly lows, trading around $2.25 at last check. A breakout above multi-week downtrends and key moving averages signals further upside, with traders eyeing the $10 mark as a long-term possibility.
Ripple’s XRP Eyes $5 Target as ETF Approval Fuels Institutional Interest
Ripple’s XRP has surged back into the spotlight following a landmark SEC approval for three XRP futures ETFs. ProShares Trust will launch Ultra XRP, Short XRP, and Ultra Short XRP ETFs on April 30, opening the door for institutional capital to Flow into the asset without direct ownership. Analysts are now revisiting the $5 price target—a level that would redefine XRP’s market position.
The ETF breakthrough coincides with growing rotation into early-stage projects like MAGACOIN FINANCE, as traders position for the next wave of crypto adoption. Market sentiment suggests institutional participation could catalyze the liquidity and stability needed for sustained price appreciation.
