XRP Struggles Below $0.60 Metrics Reveal Growing Selling Pressure

XRP has struggled to keep pace with the broader crypto market rally that began last week following the Federal Reserves interest rate cut. While other cryptocurrencies have seen impressive gains, XRP has only managed a modest 2% increase. Analysts and investors suggest this underperformance is due to growing interest in other projects, diverting attention and capital from the token. Adding to this concern, user participation in the XRP Ledger blockchain has declined, raising questions about the project’s long-term prospects. Related Reading: Cardano (ADA) Eyes 20% Price Surge Funding Rate Suggests Increasing Demand Key data from on-chain analytics firm Santiment reveals a notable drop in user engagement on the Ledger, contributing to a sense of unease among investors. As they watch other altcoins posting double-digit gains, fear and uncertainty are mounting within the XRP community. Investors are now looking for signs of a turnaround, but until the price can reignite user interest and regain momentum, it risks falling further behind in this bullish market cycle. With the market in flux, all eyes are on XRP to see if it can overcome these challenges and join the broader crypto rally. XRP Facing Serious Risk  XRP is trading below the critical $0.60 mark, a psychological level that has acted as resistance for the past few months. Despite a recent surge in the crypto market, XRP shows signs of a potential retracement. While the altcoin initially benefited from the broader bullish sentiment, its weakening market signals suggest it may struggle to sustain this momentum soon. One concerning indicator is the decline in user engagement on the XRP Ledger blockchain. Key metrics from Santiment show that XRPs price Daily Active Addresses (DAA) divergence dropped to -74.46% yesterday. The price DAA divergence measures whether user participation is increasing alongside the price. A declining DAA, especially when the price is rising, is a bearish signal because fewer users interact with the network despite the price increase. This divergence suggests that the recent uptrend could be weak and unsustainable. Related Reading: Solana (SOL) Consolidates in Symmetrical Triangle Analyst Reveals $160 Target On Breakout If XRP continues to struggle and fails to close above the $0.60 resistance, it may face a more significant downturn. The altcoin could see a deep correction, potentially falling to lower demand levels around $0.55. Investors are now closely monitoring XRPs price action to see if it can reclaim the $0.60 level and regain momentum or if further declines are on the horizon. Price Levels To Watch XRP trades at $0.589 after two weeks of sideways movement, fluctuating between $0.57 and $0.59. Despite several attempts, the price has failed to break above the crucial $0.60 resistance level, leaving it at risk of a downturn. XRP is now approximately 6% above its daily 200 moving average (MA), which sits at $0.548a critical support that has provided stability in the past. For bullish momentum to build, XRP must break past the $0.60 barrier and aim for higher supply levels around $0.65. This move would signal renewed strength and potentially trigger a more substantial rally. However, the current price action appears weak, with limited upward momentum. If XRP fails to hold above the $0.60 level, a retest of lower demand zones around $0.55 is expected. Related Reading: SUI Price Sits 40% Below All-Time High As TVL Approaches $1 Billion The worst-case scenario for XRP would be an extended period of this sideways range, lacking a decisive breakout in either direction. Such prolonged consolidation could increase selling pressure, driving the price lower. Investors and analysts are watching closely to see if XRP can reclaim the $0.60 level, initiate a new uptrend, or face further declines. Featured image from Dall-E, chart from TradingView

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XRP The Safest Investment To Make 100% ROI Former Asset Manager Shares Price Targets

XRP is holding strong above a critical price level after weeks of choppy price action, now testing local demand to push higher. Many analysts and investors remain confident about a potential surge in the coming months, with some projecting significant price gains once XRP consolidates above current levels.  Related Reading: Dogecoin Breaking Out Of Monthly Downtrend: Can DOGE Reach $12? One top analyst and former asset manager, Amdtrades, shares this optimistic outlook, predicting a price increase above $1.26 shortly. Despite the confidence, uncertainty lingers across the broader market.  The next few days will be crucial in determining the overall direction of XRP and the crypto market. Analysts believe that how XRP performs during this period could either fuel bullish sentiment or lead to further consolidation. Investors are closely watching these developments, as XRPs movement could set the tone for market trends in the coming months. XRP Could Surge To $1.26 In Weeks XRP has recently demonstrated notable resilience compared to other altcoins. It has held firm above key liquidity areas and signaled a positive outlook for the months ahead. Many analysts and investors are beginning to notice the potential for a substantial price surge shortly. One prominent crypto analyst, Amdtrades, with nine years of experience as an asset manager and derivatives trader, recently shared his technical analysis on X, highlighting XRPs strong positioning. In his analysis, Amdtrades showcased a weekly XRP chart that clearly outlines a defined uptrend. This uptrend has been consistently respected by the price, suggesting solid monthly support that could serve as the foundation for further upward momentum in this market cycle. Amdtrades views XRP as one of the safest investments for those seeking a 100% return on investment (ROI) in the crypto space. He has identified several key price targets for XRP, specifically around $1.18 and $1.26, which he anticipates will be reached in the coming weeks. Related Reading: Solana (SOL) Faces Serious Risk After Failing To Close Above Key Level Details According to his analysis, if XRP continues to hold above current levels and successfully clears out local supply near $0.70, an aggressive surge toward these targets is highly likely. Such a breakout would not only validate XRPs uptrend but also position the cryptocurrency for even higher price levels as bullish sentiment strengthens. As the market faces uncertainty, XRP remains a strong contender for those looking to capitalize on its strength and potential upside in the near term. Price Action Details XRP is currently trading at $0.587 after several days of volatility, following a 19% surge from local lows. The altcoin has struggled to break past this price level, but it remains above a critical support area.  XRP is trading above the 4-hour 200 exponential moving average (EMA) at $0.563, which has acted as a key indicator of short-term strength. This level was tested as support yesterday, confirming XRP’s recent stability despite volatile market conditions. For bulls to maintain momentum, XRP must break above the $0.60 mark, confirming a higher high and signaling a move toward higher supply levels. Breaking this resistance would suggest the continuation of a bullish trend and potentially lead to a stronger recovery for the altcoin. Related Reading: Bitcoin (BTC) Long-Term Holders Locking Consistent Gains: A Sign Of Stability? On the other hand, if XRP fails to maintain support above the 4H 200 EMA, it could face a deeper correction. A breakdown would likely lead the price to test local demand around the $0.545 level, putting short-term bullish hopes in jeopardy. Maintaining support at current levels is essential for a sustainable rally. Featured image from Dall-E, chart from TradingView

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3 Reasons To Buy XRP Now: Crypto Analyst Shares Bullish Forecast

Crypto analyst Doctor Magic (@Doctor_Magic_) has outlined three reasons for investors to consider buying XRP now. In a series of posts on the X, Doctor Magic detailed the dynamics and data points positioning XRP as a potentially lucrative investment in the current state of the market. #1 Relative Strength Of XRP The crypto analyst highlights the XRP price relative to Bitcoin (BTC) and its resilience in the broader market. “XRP’s strength against BTC and across the board is notable and should not be ignored at this point. When markets turn up again (soon) the pump on XRP will be violent!” This analysis is based on a chart that plots the market cap dominance of  as a ratio against BTC and the entire crypto market on a weekly timeframe. The dominance percentage is a critical metric, serving as an indicator of market capitalization relative to BTC, and thus reflects relative investment flows and market preferences. From 2016 to 2021, XRP’s dominance displayed a significant downward trend, suggesting a period during which market preference leaned heavily towards Bitcoin. However, beginning in 2022, this trend leveled off, indicating a potential stabilization or bottoming relative to Bitcoin. This phase suggests that XRP may have found a floor in terms of its market cap dominance, setting the stage for a possible reversal. Related Reading: XRP Ledger Sees Sharp Decline In Major Metric That Threatens To Send XRP Price To $0.2 A key support level for XRP/BTC is identified at 0.00000750 by the analyst. This level has been tested multiple times without a decisive break, establishing it as a critical floor where market sentiment has consistently supported the price relative to BTC. In 2024, following a bounce off this support area, there was a noticeable increase in dominance, suggesting growing investor confidence in its potential for a recovery. In terms of dominance over the entire crypto market (XRP.D), the metric currently stands at 1.47%. After touching down in the support zone ranging from 1.02% to 1.05%, XRP.D also experienced an uptick, further underscoring the renewed market interest and potential bullish sentiment. #2 Recovery Post-Dump With Stable Open Interest Doctor Magic also highlights a notable aspect of the market behavior its swift recovery from yesterday’s price crash without any increase in open interest (OI). “XRP has now retraced the whole yesterday dump with zero OI added. ZERO. And negative funding,” remarked Doctor Magic. Related Reading: Why XRP Price Wont Skyrocket After Ripple-SEC Ruling: Crypto Pundit This recovery pattern is significant as it implies the rebound was not fueled by a surge in speculative trading or new positions being opened, but rather by solid buying interest, likely from investors confident in fundamentals or long-term potential. #3 Support From Historical Open Interest Level Finally, the crypto analyst points to the current levels of Open Interest (OI) for XRP, which aligns with a historical baseline that has consistently marked significant market tops and bottoms over the past four years. “OI on XRP at the baseline [blue line] that has marked every top and every bottom the last 4 years,” Doctor Magic notes. This observation suggests that current OI levels are at a critical juncture, indicative of potential turning points in the market. Historically, when OI reaches these levels, it has preceded major price movements. At press time, XRP traded at $0.5030. Featured image created with DALL.E, chart from TradingView.com

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XRP Goes To All-Time High If This Resistance Breaks: Crypto Analyst

XRP has emerged as a standout performer among the top-100 cryptocurrencies by market capitalization today, recording a substantial 7% increase over the past 24 hours. This surge in XRP’s price occurs amidst swirling speculations of a forthcoming settlement or remedies ruling in the Ripple-SEC case. Amid these developments, XRP is dominating discussions on X (formerly Twitter), where a flurry of optimistic posts paint a bullish scenario for the cryptocurrency. Among the vocal proponents contributing to this positive outlook is crypto analyst Doctor Magic (@Doctor_Magic_), who shared several different time frame analyses for XRP. Short-Term Outlook For XRP (4-Hour Chart) The first chart posted by the crypto analyst shows the XRP/USD trading pair on a 4-hour time frame. The chart highlights the currently most crucial resistance zone (in red) just above the $0.70 mark. This resistance level is critical, as Doctor Magic suggests that surpassing this could pivot XRP towards new all-time highs (ATHs). Related Reading: XRP Price Jumps As Ripple Leadership Blasts SECs Hypocritical Crypto Regulation However, he warns of potential short-term (LTF) rejections despite the higher time frame (HTF) indicators appearing bullish, advising traders to exercise caution with leverage long positions in this zone. XRP most heavy resistance, get above that and we go for ATHs. Note that even though HTF XRP is primed on LTF this resistance could cause a LTF rejection, wouldn’t jump into leverage longs here. The chart shows an uptrend line that XRP has successfully maintained, suggesting a strong bullish momentum. The focal point is the resistance zone above $0.70, which if breached, could potentially lead to higher price levels. The first target could be the price level above $0.90 which was last seen after the summary judgment by Analisa Torres on July 13 last year. A crucial element in Doctor Magic’s analysis is the breakout observed in the Relative Strength Index (RSI). The RSI demonstrates a clear upward breach of its previous trendline, signaling robust momentum. Currently at 67, the RSI is approaching the overbought threshold, which could suggest some notably bullish days ahead for XRP’s price action if the cryptocurrency runs red hot. Related Reading: XRP Price Poised For Ultimate Breakout With $18 Price Target: Crypto Analyst Notably, the $0.70 zone as the key resistance area aligns with the Bollinger Bands analysis in the monthly chart. XRP surged above the middle band with the latest move and is now on the verge of breaking the upper band. Today we confirm the breakout on monthly RSI. XRP is less than 10% to trigger volatility to come back which is at all time lows, $0.7 is the area to watch, Doctor Magic explained. Long-Term Prediction For XRP (Weekly Chart) With regards to the higher time frames, Doctor Magic believes that it is too early to predict the cycle top price. Via X, he wrote, Many of you are asking for my target on XRP, the answer is it depends. If I am right and alts lead the next leg up it will be the nail in the coffin for it’s 2017 again and I will be looking for two tops, the second one will be determined by the first one. The chart shared by the crypto analyst highlights several key Fibonacci retracement levels derived from XRP’s historical price movements, which could serve as critical points for potential reversals or continuation of trends. These include the 0.618 Fibonacci level at approximately $0.91, indicating a moderate resistance point. The 0.786 level sits at around $1.61, serving as a stronger psychological and technical barrier. The parity level or the 1 Fibonacci level is set at $3.31, which marked the April 2021 all-time high. Beyond this, the analysis extends into Fibonacci extension territory, with the 1.272 level at about $8.29, and the 1.414 level at roughly $13.37. The most notable and perhaps ambitious target is the 1.618 Fibonacci extension level, which is placed at approximately $26.60. The analyst concluded, My point is it’s too soon to speak about final target, need more data for that and I will update when its time. For the impatient of you my best guess is we see double digits XRP and that $26.5 will be tagged. At press time, XRP traded at $0.6539. Featured image created with DALL·E, chart from TradingView.com

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XRP déjà vu: Is another 60,000% price surge on the horizon?

XRPs monthly volatility has plunged to its lowest levels ever, approaching the range that preceded the 60,000% price surge in 2017-2018.

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XRP price hasnt seen $1 since 2021 but this could change in Q4

Three big catalysts for a potential XRP price boom include technicals, significant whale accumulation and the nearing resolution of Ripples legal battle with the SEC.

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XRP Price Confirms Bullish Reversal: Crypto Analyst Forecasts God Candles Ahead

Crypto analyst Dark Defender has shared an extremely bullish technical analysis on XRP via X, suggesting a bullish reversal and the possibility of “God Candles.” The analysis uses a variety of technical indicators and chart patterns to project an optimistic outlook for XRP. XRP Price Poised For God Candles? The core of Dark Defender’s (@DefendDark) analysis is focused at two indicators which suggest a change of trend. The first one is the breakout above a descending trendline. This move is critical as it means that XRP eliminated its first key resistance and suggests a potential reversal from the downward trend which started in mid-March. It is particularly noteworthy as it indicates a shift in market sentiment from bearish to bullish. Supporting this trend reversal is the Fisher Transform indicator, which is crucial for identifying major price reversals. The Fisher Transform uses price data to produce a Gaussian normal distribution to signal potential changes in market direction.  Related Reading: XRP Resilience Sparks Further Gains As Price Surpasses $0.466 Level On the weekly chart, a ‘Golden Cross’ is visible where the faster line of the Fisher Transform crosses above the slower line, typically a bullish signal in market analysis. This event is essential as it provides confirmation of the trend reversal signaled by the breakout from the descending trendline. Ladies & gentlemen, XRP had the highly bullish Reversal approval for the Fisher Indicator weekly. Initial resistance instantly broke at $0.4623! the crypto analyst remarked.  However, it’s important to note that the digital asset is still navigating below the Ichimoku Cloud, indicating that resistance still lies ahead. The Ichimoku Cloud is a comprehensive indicator that provides insight into the momentum and future areas of support and resistance.  Related Reading: XRP Price Eyes Colossal 280% Breakout Amid CME Group Partnership While the breakout from the descending trendline and the bullish Fisher Transform signal are promising, the price remaining below the Cloud suggests that XRP has yet to clear all hurdles and establish a stronger bullish presence. Additionally, the chart also details several key Fibonacci levels that are critical for understanding the next potential resistance and support zones. After breaking the initial resistance at $0.4623, XRP is currently testing the interim Fibonacci level at $0.5286. Dark Defender emphasizes the significance of the price closing above this level to sustain the bullish momentum: Our interim Fibonacci Level, $0.5286, is being tested. It would be great to close this week’s candle above $0.53. Notably, the XRP price didn’t manage to close the week above this price. Despite that, XRP is currently continuing the upward trend, trading above $0.53 today. The next resistance point to level is at $0.6044. Surpassing this level could lead to the creation of multiple “God Candles,” suggesting a rapid and sustained increase in price. Dark Defender remarked, Next week, we will test the secondary mid-level resistance of $0.6044. It’s crucial not to underestimate the master fundamental level for XRP, which is $0.6649. Above it, we can expect multiple God Candles, which will open the path to Heaven’s Stairway. At press time, XRP traded at $0.53494. Featured image created with DALL·E, chart from TradingView.com

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VWAPs Dont LieXRP Faces Judgment Day At Monthly Support

XRP is drifting back to the lower boundary of a five-month trading range, yet the higher-time-frame structure remains intact, according to a daily chart published on May 7 by analyst Dom (@traderview2). The chart covers late-December 2024 through the first week of May 2025 and shows XRP after breaking above a descending trend line that originates at the January 16 high near $3.40. XRP Is ‘Holding Strong’ Doms analysis hinges on a trio of anchored Volume-Weighted Average Prices, or VWAPs, which are plotted as adaptive bands on the chart. VWAP represents the average price of an asset over a specified period, weighted by trading volume; in essence it tells traders the level at which the bulk of transactions have occurred. Because large institutional desks often benchmark execution quality against VWAP, the line tends to act as dynamic support or resistance when price retests it. When the anchor point is shiftedfrom the start of the month, quarter or year, for exampleeach VWAP offers a lens on how supply-and-demand has evolved over that discrete window. Related Reading: Analyst Says These Factors Will Drive XRP Price To $1,000, But What Does Market Cap Say? The cyan line marks the quarterly anchored VWAP, currently situated at $2.2796, a level that rejected price last week and precipitated the ongoing pullback. The orange line denotes the monthly VWAP, now at $2.0574, and price is hovering just above it; Dom sketches a curved route suggesting that a constructive bounce here could propel XRP back toward the mid-$2.20s. Below, a green ribbon captures the yearly anchored VWAP at $1.8731, flanked by its standard-deviation envelopes at $1.7863 and $1.6996. The April 7 capitulation wick bottomed precisely into that yearly mean before snapping higher, underscoring its significance as a structural foothold. The VWAPs continue to play perfect, local low was yearly VWAP, rejection last week was off quarterly VWAP and now we are heading to retest the monthly VWAP, Dom states. The Key Support Zone Horizontal action is equally telling. Since early December the market has ranged between roughly $1.94 and $2.05, a zone highlighted on the chart by a grey rectangle and six green arrows flagging prior deflections. Dom characterises the present retreat as a healthy retest of that floor; only a decisive daily close below the band would tilt the bias decisively bearish. Related Reading: Crypto Analyst Predicts How High XRP Could Soar If Bitcoin Hits $250,000 Until then, XRP is, in his words, already strong relative to other large-capitalisation altcoins that have broken comparable ranges, even though it is temporarily exhibiting weakness versus a surging Bitcoin dominance index. XRP is still holding its range from Dec (no other large cap is anywhere near that) so it’s already been strong while others just bled. BTC.D is on a terror run and BTC is just dominating the flows, Dom writes via X. Technicians will focus on two intersecting signposts over the coming sessions: whether bulls can defend the $2.00 handle and whether the monthly VWAP can again flip from resistance to short-term support. A failure at any of those checkpoints opens the door for a deeper voyage toward the yearly VWAP around $1.87, while a successful defense would reinforce the narrative that the larger consolidation remains merely a pause within a still-valid structural up-trend. I am expecting a reaction off this range low, losing that would be where things turn bearish/murky, but for now, it’s a healthy chart, Dom concludes. At press time, XRP traded at $2.20. Featured image created with DALL.E, chart from TradingView.com

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XRP At Make-Or-Break Technical Zone, Crypto Analyst Warns

XRP is pressing into a confluence of Fibonacci supports that could decide whether the late-2024 rally extends or snaps, according to a one-hour chart shared on X by independent analyst CasiTrades. The token last changed hands at $2.0995 on Binance when the snapshot was published, down 0.16% on the session but hovering only a few cents above the 38.2% retracement of the late-April rally. XRP Is Building Momentum Explaining the significance of the current pullback, CasiTrades wrote, Momentum is starting to pick up, and XRP is dropping to one of the most critical support tests weve seen in weeks. The chart anchors its Fibonacci grid on the $2.3622 swing high set April 28 and the $1.6169 low printed April; 7 from that range, the 38.2% retracement lies at $2.0775, the 50% cutback at $1.9896, and the golden-ratio 61.8% level at $1.9016. CasiTrades highlights the 38.250% corridor from $2.078 to $2.00 as the key support region, adding: This zone has acted as a pivot point in the past, and its where we could see the market start to turn if strength returns. Related Reading: Major XRP Accumulation Alert: Wallets Holding Over 10,000 Coins Cross 300,000 Price action since the $2.36 high is mapped as a textbook A-B-C corrective pattern. Wave (A) carried XRP below the 23.6% retracement at $2.1863; wave (B) attempted to retest overhead supply but stalled just shy of the peak; and the active wave (C) is sketched by a magenta arrow pointing directly into the $2.00-to-$1.90 pocket. We may still see one more flush or surprise drop targeting the major $1.90 before momentum shifts, the analyst cautioned, noting that such moves tend to move quickly, and by the time its obvious, the opportunity will probably be gone. Internally, momentum is already hinting at exhaustion. The one-hour RSI has carved successive higher lows from the end of April through early May even as spot prices have edged lower, forming a clear bullish divergence accentuated by a rising black trend-line. The oscillator is drifting just under the 40 handle, suggesting selling pressure is losing force as price drills into support. On the lower timeframes, RSI is showing signs of selling exhaustion, and the price action is beginning to compress, often a signal that a bigger move is on the horizon, CasiTrades observed. Related Reading: Crypto Pundit Says XRP To $10 Is Just The Start Key Resistance Targets Above the market, Fibonacci levels from a broader swing create an orderly ladder of resistance. A crimson band near $2.2559 marks the 38.2% retracement of an earlier macro impulse and is flagged as .382 major support turned resistance until reclaimed. Beyond that, the 11.8 percent line crosses at $2.2743, with the prior peak at $2.36 capping the short-term range. Off these supports, were looking for XRP to gain the strength to break past $2.25, $2.68, and beyond, the analyst told followers, adding, This is the time to be alert! In the comment thread, traders debated whether Bitcoin and Wednesdays Federal Reserve decision could deliver the final leg lower. Im thinking so too ideally support tests are met with extreme strength and an impressive recovery, CasiTrades replied. When asked where he would initiate a long, he advocated a laddered approach: Ideally youd ladder, $2.08, $2.00, and $1.90sub-waves are pointing to $2.00 as the highest probable pivot support. At press time, XRP traded at $2.14. Featured image created with DALL.E, chart from TradingView.com

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Massive XRP Selling Pressure Is Stalling Price Action, Analyst Warns

XRPs latest rally attempt has stalled just beneath a key volume-weighted average price (VWAP) level that traces back to the assets all-time high, according to a market update published on X earlier today by independent trader Dom (@traderview2). XRP Selling Pressure Is Capping Price Gains The 12-hour Binance chart shared by the analyst shows XRP/USDT changing hands at $2.4375 at 12:18 UTC-4, up 2.08 % on the session but still unable to reclaim what Dom labels the ATH VWAPa long-term metric drawn from the April 2021 peak. A green band representing that average is currently drifting downward through $2.47, capping every intraday advance since mid-May. Beneath the price action, the sellers footprint is unmistakable. Theres simply been an overload of market selling and passive buyers have really tried their best to hold it up so far, Dom wrote, citing proprietary order-flow statistics that record a net outflow of 240 million XRP across spot venues in the past week. Roughly 180 million of those units were allegedly dumped on Coinbase and South Korean exchange Upbit, while Binance has actually been decently flat, the post adds. Related Reading: Pundit Says XRP Price Will Stabilize At $1,000 And Become Very Expensive The same chart plots two shorter-term anchored VWAPs that have become the coins last line of near-term support: a one-month rolling VWAP at $2.31, currently 5.22% below the session high (orange), and a three-month VWAP at $2.28, 6.40 % lower (cyan). XRP is hanging on to the monthly and quarterly VWAP by a thread, Dom warns. A decisive breach of those bands around $2.312.33 would leave the market really just mid-range noise until $2.20 is lost, he adds, pointing to the DecemberFebruary midpoint drawn on the left-hand volume profile. Related Reading: What If XRP Is The Next Bitcoin? Says Dave Portnoy While Bitcoin has been really just bouncing around in a broad consolidation zone, the correlation has offered little relief to XRP bulls. Every minor rise in BTC has been met by fresh spot offers in XRP, underscoring what Dom calls the very hard to see upward moves when we are seeing this type of market selling pressure. For now, the technical chessboard is clear: reclaim the ATH VWAP and the path opens toward the late-March swing high above $3.00; lose $2.20 and the door swings the other way, toward the confluence of high-volume nodes stacked below $2.00. Until one of those barriers gives, the analyst concludes, XRP has lost its pep in its step and remains caught in a tug-of-war between relentless spot sellers and a thinning layer of passive bids. At press time, XRP traded at $2.36. Featured image created with DALL.E, chart from TradingView.com

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XRP Targets $8, Stellar Climbs, & BlockDAG Confirms 5 Exchange Listings

BlockDAGs exchange listing news fuels whale action & nearly $250M in presale. Catch out the latest XRP technical analysis & Stellar (XLM) price performance for strong long-term crypto plays.

The post XRP Targets $8, Stellar Climbs, & BlockDAG Confirms 5 Exchange Listings appeared first on Kanalcoin.

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XRP Surges Past NecklineAnalyst Projects Rally To $3.57

Veteran wave technician BigMike7335 (@Michael_EWpro) argues that the XRP token has just completed a textbook reversal on the daily chart. In a post that accompanied the chart shown below, the strategist quipped, While you were busy being all excited about COIN being added to ES, XRP decided to breakout. XRP Breakout Confirmed The annotated Bitstamp daily shows price clawing back to $2.5717, a 21% gain over the last seven sessions that decisively lifts the token through a six-month neckline sitting fractionally above $2.40. That horizontal barriercoloured red on the chartcoincides with the top of a thin, downward-slanted Ichimoku cloud. Thursdays close placed the candle not only above the Kumo but also above the 50-day EMA (orange), the 100-day EMA (aqua) and the 200-day SMA (dark blue), stacking the moving-average ribbon in a classic bullish configuration. The thrust completes an inverted head-and-shoulders that formed inside wave (iv) of a larger five-wave advance. The April swing low almost tagged the 0.382 Fibonacci retracement of the entire November-to-February impulse at $1.56732; wave c of that corrective leg created the patterns head, with symmetric shoulders in mid-March and early-May. Measured-move arithmetic from the formations $0.80 depth projects approximately $3.58Big Mike boxes the target at $3.57638, exactly where the white arrow terminates on his chart and where the dashed vertical line identifies Wednesday, 18 June 2025 as a plausible time window. Related Reading: XRP Target Could Be $15 If This Pattern Is In Play, Analyst Says Market-profile data on the right flank strengthen the case: the heaviest volume node (green and tan bars) sits between $2.30 and $2.50, meaning the breakout thrust has already cleared the zone of greatest historical order flow. Above $2.80 the profile thins dramatically, implying scant overhead supply until the prior cycles upper channel rail near $3.00 and, ultimately, the $3.57 objective. Momentum gauges back the move. Daily RSI has reclaimed the 60-line and is rising briskly without yet entering overbought territory, while the stochastic oscillator has punched through its signal line and is accelerating toward the upper bandconfirmation that impulse rather than mere short covering is at work. Related Reading: XRP Chart Hits Critical Level That Opens The Sky, Analyst Warns Key risk markers remain below. Dashed support at $1.66027the lower edge of the DecemberMay broadening wedgeremains key; a failure to hold that level would invalidate the breakout thesis. Until then, the chart now offers bullish traders a classic post-neckline retest scenario, with the analyst eyeing $3.57 as the technical terminus of wave (v). For now, XRP bulls finally have a structure that justifies optimismand, as Big Mike notes, they did it while the rest of the market was distracted by the inclusion of Coinbase (COIN) in the S&P 500 on Tuesday. At press time, XRP traded at $2.60. Featured image created with DALL.E, chart from TradingView.com

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XRP Chart Hits Critical Level That Opens The Sky, Analyst Warns

In a fresh update posted on X, market strategist Dom (@traderview2) argues that a single, well-defined technical line now holds the key to XRPs next directional move. His six-hour TradingView chart shows the Binance XRP/USDT pair peaking at $2.48-2.50 overnight before stalling precisely at the volume-weighted average price anchored to the 2018 all-time high (the so-called ATH VWAP, plotted in green). Since late January that dynamically descending VWAP has capped every significant rally attempt and, on four separate occasions, triggered immediate, high-velocity rejections. The latest foray produced a brief spike to $2.4082 (session high) and a settling price of $2.3644, leaving a clear upper wick just beneath the VWAP. Dom calls the reaction expected given the pairs very clean technical memory, but he also stresses that the market has already reclaimed a critical intermediate pivot: the quarterly VWAP at roughly $2.30. Related Reading: XRP Must Close Above These Price Levels To Invalidate Bearish Forecast Analyst That level, the analyst notes, is now being back-tested intraday; a successful hold there would leave price wedged between converging support at $2.30 and resistance at the ATH VWAP near $2.48-2.50. A decisive close above the latter would, in Doms words, open the sky for a larger breakout by removing the final barrier that has contained XRP since its early-January high near $3.50. Massive XRP Breakout Coming? Order-flow data backs the bulls case. Dom has been tracking aggregated net flows by trade size and finds that tickets of 10,00050,000 XRP and 50 000+ XRP have flipped firmly positive over the past three days, while smaller clips (1001,000 and 1,00010,000 XRP) have turned net-negative. Little fish have sold the rip and bigger money has been behind it, he wrote, adding that the dataset cannot distinguish between retail and institutional wallets but very unlikely points to exchange internalisation. Related Reading: Why Is XRP Up Today? Key Reasons Revealed Broader market context corroborates the sense of a maturing impulse. A separate CoinGlass heat-map of perpetual-swap annualised funding rates that Dom shared plots twenty-seven large-capitalisation altcoins from November through May. The graphic highlights two periods late November to 9 December and the first weeks of May. The December cluster coincided with the top of alts, and he argues that the current cluster represents the most intense speculative pressure since that episode. Strongest move in the altcoin market since November and funding looks like this… I said it last week and I’ll say it again. Hated rally, Dom argues. Against that backdrop, the immediate technical roadmap remains binary. XRP must first defend the $2.30 quarterly VWAP, a level that has switched from resistance to support within the last forty-eight hours. Hold that shelf and traders will continue to probe the ATH VWAP ceiling. Lose it, and the path of least resistance swings back toward the mid-$2.00s congestion that defined most of April. But should bulls finally force acceptance above the descending VWAP a feat they have not achieved once this year the analyst sees little in the way of overhead supply until the mid-$2.70s, the lower boundary of the late-January distribution block. As Dom concludes, Acceptance above ATH VWAP opens the sky for a larger breakout. At press time, XRP traded at $2.46. Featured image created with DALL.E, chart from TradingView.com

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XRP Confirms Head And Shoulders Breakdown: How Low Can It Go?

Amidst the broader crypto market crash, XRP has broken below an important support zone that several traders have identified as pivotal. In a chart shared by crypto analyst Josh Olszewicz during his latest YouTube update, the token shows a pronounced break beneath the Ichimoku Cloud on the daily timeframe, with the price now positioned under the $2.00 handle. This move also places XRP below the neckline of a head and shoulders pattern. How Low Can XRP Price Go? Olszewicz describes the chart pattern as a head and shoulders variant messFrankensteins monster, indicating that although the formation might not be a textbook head and shoulders, its overall structure strongly resembles a classic bearish reversal. The left shoulder formed around the $2.90 zone in early December 2024, the head near the $3.41 peak, and the right shoulder at roughly $3.00. As price continues to drift lower, the complete violation of the neckline region below $2.00 underscores the potential for a meaningful downside extension. According to Olszewicz, XRP is now below $2, below VPVR support, below the range, with a possibility of dropping under $1.50 this week should bearish momentum intensify and sellers follow the pattern seen in numerous other altcoins in recent weeks. Related Reading: XRP Bulls Eye $5 Target: Key Levels To Watch For Potential Breakout It would not shock me at all if we see everything puking and XRP is sub $1.50 this week. Would not shock me at all. It’s held up better than most alts but it’s some point sellers will take over here just like they’ve taken over most alt charts, Olszewicz said. The presence of key Fibonacci levels on Olszewiczs chart offers further perspective on possible support and resistance points. The 0.5 retracement, indicated around $2.60, is currently above the market and may act as a significant barrier if XRP attempts to reclaim ground. Meanwhile, the 1.618 extension hovers around $1.42, and the 2.0 extension near $1.16 could come into focus if momentum continues to favor the bears and the head and shoulder pattern fully plays out. Jesse Colombo, another crypto analyst, has weighed in on X with an even more bearish perspective. Colombo suggests that the head and shoulders structure, if it plays out in full, might sink [XRP] all the way back to $0.60 cents in a complete unwinding of its fall rally. Contrasting sharply with that outlook is the stance offered by CrediBULL Crypto, who also shared his views via X. Although he acknowledges the recent slip beneath support, he characterizes it as more likely to be a deviation or false breakdown below $1.80 than a true collapse in market structure. Related Reading: Glassnode Finds XRP Is Retails Top Pick This Cycle He contends that XRP might wick under $1.80 briefly, only to recover its footing soon afterward and resume a broader upward trend. In his assessment, a dip to sub-$1.80 would not necessarily be a sign of inherent weakness, as long as XRP can reclaim that level relatively quickly and push beyond the immediate resistance clusters. I’m not expecting a breakdown below $1.80, I’m expecting a deviation below it- aka a false breakdown or fake out below it before the next leg up. It would not be a sign of weakness if we visit sub $1.80 basically, he writes. At press time, XRP traded at $1.76. Featured image created with DALL.E, chart from TradingView.com

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XRP Breakout Imminent: $2.29 Resistance Could Spark Major Rally

Ripple (XRP) analysis shows that XRP might be poised to see a substantial price action. One crypto analyst recently noted that XRP’s chart was showing narrowing Bollinger Bands, which generally means a break would occur. Currently consolidating around the middle line from a recent bounce off lower support, XRP may see a surge in volatility […]

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Ripple (XRP) at a Crossroads: Hold 0.702 Fib or Risk a Sharp Drop to $1.25

Ripple (XRP), the fourth-largest cryptocurrency by market cap, is at a critical juncture as technical analysis points to a potential short-term correction. XRP is trading at $2.19, with a 24-hour trading volume of $3.2 billion, according to CoinMarketCap. The token has seen a 5.7% increase over the past week, reflecting strong momentum fueled by recent […]

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XRP Will Print A New All-Time High If This Happens: Analyst

A fresh daily chart shared by market technician @cryptoWZRD_ suggests that XRP is just one technical trigger away from price discovery. The analysts chartpublished early Thursday on TradingViewplots XRP/USDT on Binance and shows the token changing hands at $2.2107 after an indecisive daily close on Wednesday. XRP Targets $3.65 The most conspicuous feature is a descending trend-line (drawn in red) stretching from the 3 February swing high at roughly $3.40 down to the latest lower-high cluster. That line currently intersects price marginally above the market and has capped every relief rally since mid-January. According to WZRD, a daily candle that breaks through this lower-high trend-line would ignite a very quick impulsive move toward the next horizontal barrier at $2.80. Why $2.80 matters is spelled out in a bright yellow call-out on the chart: a close above that level would, in WZRDs words, make an all-time high very likely. Above $2.80 the chart offers little historical structure until the $3.30 – the price which marked the weekly top in January. Related Reading: XRP Targets $33 To $50 By September 2027, Research Firm Says Next, the analyst targets the $3.65 zone, flagged as the next major target in purple. That band is the highest black horizontal plotted and represents the analysts first objective in price discovery territory. Support is clearly defined as well. The thick black horizontal at $2.00 is labeled the main daily support target. Beneath that, successive shelves are marked at $1.5160, $1.3000, $1.0700 and $0.9000, with an annotation at $1.30 warning that a break could materialise IF ESCALATORY TARIFF KEEP COMING. A secondary blue trend-line connects late-March and early-April lows, creating a short-term falling-wedge structure whose upside resolution has already begun to unwind some bearish momentum. WZRDs accompanying commentary stresses the interplay between spot XRP and its performance against Bitcoin. He notes that XRP/BTC is coiling inside a symmetrical triangle that will mature on a move higher in Bitcoin dominance; positive action there would add tail-winds to the dollar pair. Related Reading: Analyst Says The Clock Is Ticking For XRP Heres Why XRPBTC needs help from Bitcoin Dominance. Moving above from its current location will help the market to get the next impulsive move towards its upper lower high trendline, where it will mature the symmetrical triangle and push eventually higher. Positive price action from XRPBTC will help XRP become more bullish from its current location, WZRD adds. Conversely, a choppy Bitcoin could keep XRP bottled up between $2.2050 and $2.00, a range that defined much of Tuesdays intraday trade. The overall sentiment from Bitcoin will have an impact on XRP tomorrow as well, although I expect to see positive price action from XRPBTC. My focus will remain on the lower time frame chart development to get the next healthy trade setup, the analyst writes. For now the focus, WZRD says, is on lower-time-frame development: any decisive daily settlement above the red trend-line would confirm trend reversal and set the stage for a sprint to $2.80and, should that level fall, the analyst argues history will be in the making. At press time, XRP traded at $2.13. Featured image created with DALL.E, chart from TradingView.com

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Analyst Says The Clock Is Ticking For XRP Heres Why

The longrunning stalemate in the XRP price action may be entering its decisive phase, according to market technician CasiTrades (@CasiTrades). In a chart update shared on X, the analyst stresses that XRPs setup has not changed but the clock is ticking, underscoring that the token remains confined to the same structural range that has contained it since early April. Why The “Time Is Ticking” For XRP The onehour Binance chart published by CasiTrades prints XRP at $2.07. A failed rally earlier in the session stopped precisely at the 0.618 Fibonacci retracement of the MarchtoApril downswing, labelled on the chart at $2.118. XRP attempted a breakout alongside BTC but stalled at the 0.618 retracement, which is a common level for exhaustion. The rejection came fast, and now momentum is pulling us back toward support, the analyst writes. Horizontal supply blocks in the $2.102.17 region reinforce that resistance. Below, successive bands of mediumterm support appear at the 0.5 retracement ($1.90) and at the deeper 0.618 level ($1.55), both highlighted in green and annotated as major support. Relativestrength index data in the subpanel show a shortterm bearish divergence price flat while the RSI slopes lower hinting that the most recent advance may be tiring before reaching overbought territory. Related Reading: XRP Wyckoff Pattern Maps Bullish Run To $3.70 This Summer Nothing about the bigger picture has changed. In fact, this just reinforces what I have been saying, we likely still need to sweep major supports like $1.90 or $1.55 before XRP is ready to break out. This should not continue to drag on… Momentum in crypto shifts quickly. We could tag those support levels and launch into Wave 3 very very soon, Casi writes. She frames the entire structure as a classic Elliott Wave corrective pattern. A sharp threeleg ABC decline from the earlyApril peak ended in midmonth, and the market has since been carving out what the analyst still regards as Wave 2 of a much larger impulsive sequence. XRP is still in Wave 2. Everything still supports a macro breakout. Until then, I am watching key levels and letting it play out, he states. Related Reading: XRP Surpasses Ethereum In This Major Metric After Outperforming For 6 Months Responding to a follower who asked whether any excursion to $1.55 would occur swiftly, CasiTrades replied: Yes I do think if it goes for $1.55 it would be a fast recovery. The purpose of it would be to break resistances above by using that recovery momentum. She added that his personal strategy is to deploy remaining cash at $1.90 and manage risk with a stop once the first bounce materialises. The analysts conviction rests in part on Fibonacci timezone analysis first presented earlier this month. That framework now in its third projected epoch still allots room for a highvelocity Wave 3 launch before April closes. Momentum in crypto shifts quickly. We could tag those support levels and launch into Wave 3 very very soon! she contends. Extension targets derived from standard Fibonacci multiples remain unchanged: $6.50 (1.618), $9.50 (2.618 and described as most likely), and $12+ at the 3.618 extension. For now, however, XRP is stuck between an overhead wall at $2.24 the 0.382 retracement and the high of the putative Wave ( C ) and a floor clustered around $1.90. Until either side of that corridor is breached with decisive volume, CasiTrades says nothing about the bigger picture has changed, but warns that the window for an April resolution is narrowing: This should not continue to drag on… We are still in Fib Time Zone 3 according to that analysis. At press time, XRP traded at $2.07. Featured image created with DALL.E, chart from TradingView.com

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XRP Wyckoff Pattern Maps Bullish Run To $3.70 This Summer

Crypto analyst Charting Guy (@ChartingGuy), posting to X on April 20, has mapped the daily XRP/US Dollar chart on Bitstamp onto a textbook Wyckoff reaccumulation schematic and argues that the pattern is now far enough advanced to imply a summer markup toward and potentially beyond the $3.70 region. “Wyckoff Pattern Ignites XRP Bull Case The chart spans the fivemonth base that began with preliminary supply (PSY) in late November. A vertical surge carried price into a $2.68 Buying Climax (BC) in early December, immediately followed by an Automatic Reaction (AR) that washed back to roughly $1.90, anchoring the lower boundary of what would become the Phase A trading range. A Secondary Test (ST) in midDecember revisited the $2.72 zone, completing Wyckoffs initial stopaction sequence. Phase B unfolded through January: demand rebuilt, producing an UpThrust (UT) in Phase B that briefly pierced $3.40 in mid January before supply reasserted itself. From that peak XRP traced a descending, lowangle channellabelled the Creekwith progressively lower highs and lows into early April. Throughout this descent, Charting Guys overlay shows the familiar sawtooth of Wyckoffs internal testing, suggesting weakhand distribution rather than true distributional topping. Related Reading: Ripple Takes Asia By Storm With New XRP Product, Here Are The Recent Developments On April 7 the market undercut range support, knifing to about $1.61, and immediately snapped back: the classic Spring of Phase C. A shallow Test of the spring followed near $2.00, satisfying Wyckoffs requirement for bullish confirmation. From that point the analysts projected path turns higher. Phase D begins with what Wyckoff called Last Point of Support (LPS) between $2.35 and $2.55 in early May, followed by a steeper advance that drives through the February crest. This is followed by a Jump Across The Creek (JATC)a decisive thrust through the descending channel top and horizontal resistance at roughly $2.70. The model then shows a price breakout above the mid-January high at $3.40 would constitute the Sign of Strength (SOS) around $3.40 in late May, completing the transition into Phase E. Afterwards, Charting Guy expects a second backing up into a first Last Point of Support (LPS) between $3.10 and $3.30 in mid-June, followed by an even steeper advance. Related Reading: XRP Is The Strongest Chart In Crypto, Says Analyst In Phase E the schematic accelerates, taking XRP into the $3.70 area by early Julyan objective that sits one tick above the $3.40 resistance band on the analysts price axis. With the spot rate at $2.12 at publication time, the roadmap implies a potential upside of close to 74% over the next two and a half months. However, Charting Guy cautions that this doesnt mean uponly nowtiming may be slightly off, underscoring Wyckoffs probabilistic nature. Nevertheless, the meticulous alignment of realworld price action with the classical reaccumulation phasescomplete with labelled PSY, BC, AR, ST, UT, Spring, Test, LPS, JATC and SOSadds weight to the bullish case. If the market respects those technical milestones, XRP could soon be working with prices not seen since the last cycles peaks. At press time, XRP traded at $2.11. Featured image created with DALL.E, chart from TradingView.com

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XRP Eyes $2.35 Breakout, but $1.80 Breakdown Threatens Bearish Shift

XRP is showing signs of a major move brewing as its Bollinger Bands tighten significantly on the 4-hour chart, a classic signal of incoming volatility. According to crypto analyst Ali Martinez, who shared the update on X, this technical setup could mark the start of a powerful price breakout or breakdown for XRP in the […]

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