XRP Price Prediction: Will the Compressed Spring Snap Bullish or Bearish?
XRP Technical Analysis: Key Indicators Show Mixed Signals
XRP is currently trading at 2.298 USDT, slightly below its 20-day moving average of 2.3896, indicating potential short-term resistance. The MACD shows a bullish crossover with a reading of 0.0604, suggesting upward momentum. However, the price remains within the Bollinger Bands (Upper: 2.5615, Lower: 2.2177), signaling consolidation. BTCC financial analyst William notes, ’XRP is at a critical juncture—breaking above the 20-day MA could trigger a rally, while failure may lead to a retest of support at 2.2177.’
XRP Market Sentiment: ETF Hopes Clash with Technical Warnings
Despite Optimism around Ripple’s RLUSD stablecoin launch and ETF speculation, headlines highlight a ’Rising Wedge’ pattern and downside fears. BTCC financial analyst William cautions, ’The news cycle reflects a tug-of-war—positive developments like Coinbase’s XRP futures are offset by technical warnings. The SEC case remains a wildcard.’ Market sentiment appears cautiously bullish but vulnerable to volatility.
XRP Charts ’Rising Wedge’ To Signal Price Plunge
Payments-focused XRP’s immediate prospects look bleak, with its price chart flashing a ’rising wedge’ breakdown. This technical pattern, comprising two converging trendlines, suggests weakening upward momentum. During Wednesday’s early Asian hours, XRP broke out of this pattern, indicating a loss of recovery momentum from April 7 lows near $1.60. Technical analysis suggests XRP could fall back to $1.60 following the breakdown.
XRP Downside Fears Persist Despite ETF Optimism
Analysts argue that XRP might be the next cryptocurrency to get a spot ETF listing in the U.S. after BTC and ETH. However, the Deribit-listed options market doesn’t share this optimism. As of the time of writing, Deribit’s put options tied to XRP were pricier than calls across several timeframes, indicating persistent downside fears. XRP dived out of an ascending wedge early Wednesday, signaling a possible re-test of recent lows at around $1.6.
Stellar Aims to Hold $3B in Real-World Assets by 2025
Stellar, a superfast and low fee-public blockchain, plans to hold $3 billion in real-world asset (RWA) value and power $110 billion in RWA volume by the end of 2025. The Stellar Development Foundation (SDF), the nonprofit supporting Stellar’s growth, aims to achieve this through partnerships with Franklin Templeton, Wisdom Tree, and new tokenization specialists such as Paxos, Ondo, Etherfuse, and SG Forge, the blockchain innovation division of French bank Société Générale.
Hidden Road Wins U.S. Broker-Dealer License, Being Acquired by Ripple
Hidden Road, the prime brokerage firm that’s being acquired by Ripple, has obtained approval to operate as a U.S. broker-dealer from the Financial Industry Regulatory Authority (FINRA). The license, granted to its subsidiary Hidden Road Partners CIV US LLC, will allow the firm to expand its fixed income prime brokerage platform. With the broker-dealer status, the firm plans to offer institutional clients a broader range of regulatory-compliant services in clearing, financing, and prime brokerage of fixed income assets. Noel Kimmel, the firm’s president, said in a statement that this is a significant step in the development of Hidden Road’s fixed income prime brokerage platform and bolsters their capabilities in traditional financial markets.
XRP Resembles Compressed Spring for Significant Price Move
XRP and Bitcoin (BTC) price action resembles a tightly compressed spring ready to uncoil, according to the Bollinger Bandwidth indicator. The bandwidth has narrowed to its lowest level since October 2024 on the 4-hour chart, suggesting a sudden release of energy and significant price movement for XRP.
Ripple’s RLUSD Stablecoin Launches on Aave V3 Ethereum Market
Aave users can now supply and borrow Ripple’s RLUSD stablecoin on the decentralized lending platform’s V3 Ethereum Core market. The peer-to-peer loans market has a supply cap of 50 million RLUSD and a borrow cap of 5 million RLUSD. RLUSD is a stablecoin pegged 1:1 to the U.S. dollar and fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and cash equivalents. It is offered on the XRP Ledger and Ethereum blockchain and has security features appealing to institutional users.
XRP Ledger Bug Patched After Serious Flaw Discovered
A serious flaw was discovered in the XRPL library, where a threat actor exploited a developer’s NPM access token to publish illicit code to the XRP Ledger network. The issue was spotted by Aikido Security and could have been catastrophic for the network. The hidden issue was added to recent versions of a toolkit used to build apps that work with the XRP Ledger. The problem only affects versions of Node Package Manager (NPM) used by developers.
XRP Price Jumps Over 6% Amid Crypto Market Surge
The global crypto market cap has increased to $2.93 trillion, with Bitcoin nearing the $95,000 mark. Altcoins are also showing strong gains, particularly XRP which surged over 6% to $2.25. This upswing could be attributed to the ongoing Ripple legal battle and a rise in crypto ETF applications. Investors are hopeful that the SEC Chair’s recent pledges will help end the Ripple case.
Coinbase Launches XRP Futures with Strong Daily Volume
Coinbase officially launched XRP futures contracts on its U.S. Derivatives Exchange on April 21. The XRP futures saw strong performance, with daily trading volume already surpassing 100 million USDC. This strong start indicates increasing demand and interest from both retail and institutional traders. The futures include Standard Contracts representing 10,000 XRP for large institutions and active traders, and retail-oriented “nano” contracts representing 500 XRP each. Coinbase has expanded its offering with over 20 existing contracts on assets like Bitcoin, Ether, Dogecoin, and Solana.
Can XRP Outperform Bitcoin in 2025?
Excitement around XRP is growing, with experts hinting at bullish sentiment. Teucrium CEO Sal Gilbertie praised Ripple’s team and XRP, stating that XRP has a true use case as opposed to Bitcoin, which is mainly a store of value. Gilbertie also expressed admiration for the debut of the XRP ETF, describing it as terrific and overwhelming.
XRP Price Prediction and Ripple vs SEC Case Update
The live price of XRP is $2.27893800, with a surge of 7.71% in 24 hours. Predictions suggest that the price could hit a high of $3.99 in 2025. The Ripple vs SEC case is nearing its end, with a vote by the SEC Commission expected in 30 days. Following this, the SEC will file a motion to lift the injunction, which Ripple will not contest. The case is expected to be finalized within 60 days, with Ripple settling with a $50 million payout to the SEC.
