American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

XRP price prediction: Is Ripple preparing for a 60% surge?

by admin April 21, 2025
April 21, 2025
XRP price prediction: Is Ripple preparing for a 60% surge?

The XRP price has formed a rare falling wedge chart pattern, pointing to a strong bullish breakout in the coming weeks. Ripple was trading at $2.1335, up by over 30% from its lowest level this month. This article examines the potential for a 60% surge in the Ripple price from its current level.

XRP price technical analysis

The daily chart shows that the XRP price has been in a strong downtrend in the last few months. It dropped from a high of $3.40 to the current $2.133. 

The coin has sent mixed signals in the past few months. It formed a head-and-shoulders pattern. This pattern is characterized by a head, two shoulders, and a neckline. It is one of the most popular bearish reversal signs.

When it moved below the neckline at $1.9563 earlier this month, many analysts predicted that it would push it to the next key support at $1, down by 48% from that level.

Recently, however, the coin has formed a falling wedge pattern, a highly bullish sign. This pattern consists of two descending and converging trendlines. A bullish breakout typically occurs when the two lines are about to intersect.

XRP price has also formed a bullish divergence pattern as the Percentage Price Oscillator (PPO) and the Relative Strength Index (RSI) have pointed upwards. This divergence is usually a highly bullish chart pattern.

Therefore, the coin is likely to experience a strong bullish breakout if it moves above the upper side of the wedge and the 50-day Exponential Moving Average (EMA). A move above that level will signal more gains, potentially to the year-to-date high of $3.4, which is about 50% above the current level.

The bullish XRP price forecast will become invalid if the coin tumbles below the key support level at $1.6110, its lowest point this month. Such a move will likely lead to further downside, with the next key point to watch being the psychological level at $1.

XRP price chart | Source: TradingView

Potential catalysts for the Ripple price

XRP has numerous catalysts that may push its price higher in the long term. First, there are signs that the crypto market is bouncing back as Bitcoin price surged above $87,000 for the first time in weeks. It has even formed a bullish pennant pattern, indicating further gains in the near term, with chart patterns suggesting a surge to $300,000. 

Altcoins like XRP and Cardano often do well when Bitcoin is in a strong rally. For example, XRP jumped to $3.4 earlier this year as Bitcoin peaked at a record high.

Second, XRP price will do well as the recent end of the SEC vs Ripple case leads to more partnerships that will boost the XRP Ledger network. The most notable deals will be with American financial services companies that will help it become a viable alternative to SWIFT Network. 

Ripple already has partnerships with companies such as Bank of America, Santander, MoneyGram, American Express, and Tranglo. These deals will accelerate now that the SEC has ended its legal issues with the company.

Furthermore, the Ripple USD (RLUSD) stablecoin is performing well, with its market capitalization nearing the $300 million milestone. Ripple hopes that this stablecoin will be a good revenue generator and a top supporter of the ecosystem. Just recently, Ripple Labs added the RLUSD stablecoin into its payment network.

The XRP price is also expected to perform well as more developers adopt its network as a viable alternative to Ethereum and Solana. It has already attracted developers such as Sologenic, Coreum, Salute, and XPmarket. This growth could help bring more value to the XRP network.

The post XRP price prediction: Is Ripple preparing for a 60% surge? appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Crypto price predictions: Stellar (XLM), Decentraland (MANA), Stacks (STX)
next post
Here’s why the Brent crude oil price could crash below $50 soon

Related Posts

Crypto price predictions: Pepe, Sui, Zebec Network

May 26, 2025

IAG share price has crashed: to get worse...

March 20, 2025

MercadoLibre stock has surged to a record high:...

September 24, 2024

Rio Silver Commences Baseline Environmental Studies

May 8, 2024

Trading of Shares from Convertible Notes

June 3, 2024

Galan Secures Agreement with Glencore for Offtake &...

March 30, 2024

Ethereum price nears make-or-break level vs Bitcoin

April 10, 2025

WOA Proprietary Technology Successfully Adapted to Produce Pea...

July 10, 2024

Top reasons why the Hang Seng Index may...

April 16, 2025

Here’s why I’d sell SCHD and JEPI ETFs...

April 22, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (3,022)
    • Investing (2,459)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved