Highlights
- The XRP price is closely linked to the SEC vs. Ripple lawsuit, with a decision expected on April 16, 2025.
- Despite positive developments, market caution persists, even after Trump’s executive order on digital assets.
- After 95 days of consolidation, XRP may be poised for a breakout, potentially pushing its value above $5.00.
The XRP price is closely tied to the outcome of the ongoing SEC vs. Ripple lawsuit, with many market participants anticipating a court decision on April 16, 2025.
Market experts believe that a favorable ruling for Ripple could lead to a significant surge in XRP prices.
Many also assume that XRP’s win could greatly impact the entire cryptocurrency landscape, too. Also, there are predictions that the current U.S. administration may accelerate the lawsuit’s resolution, creating favorable conditions for XRP crypto and for the sector.
XRP crypto was recently recognized as a stable digital asset by major financial institutions, including the World Bank, IMF, BIS, and UN. Despite these positive developments, the market remains cautious, and no big move was seen.
This hesitance persists following President Donald Trump’s executive order to establish a Bitcoin reserve and a digital asset stockpile.
This was also a major news that includes XRP crypto alongside Ethereum and other altcoins, but XRP price showed dull movement.
Currently, the market has yet to show a strong recovery, leading to increasing uncertainty among analysts.
One expert outlined both potential downside and upside scenarios, while another pointed to the possibility of a short squeeze. Keep reading to know more.
XRP Price Chart: Reversal Likely if Previous Swing High is Broken
As per its price action, the XRP price is currently at a pivotal price level, with technical patterns indicating potential movement in either direction.
Market analysts are closely watching its performance, as key resistance and support levels could dictate its next steps.
In the same vein, an analyst Ali mentions that XRP is forming a head-and-shoulders pattern on the daily chart, which is typically viewed as a bearish signal.
As this pattern consists of three main formations, a left shoulder that developed in December 2024, a head that peaked in early February 2025, and a right shoulder that began to take shape in March 2025.
The neckline support at $2.15 is a critical level that could influence the XRP price trajectory. If the price closes below this threshold, it may confirm a bearish trend, raising the likelihood of further losses.
Because, a breakdown from this structure could push XRP price toward lower support zones. Which is indicating a potential continuation of the downtrend under the current cautious market.
Conversely, he highlights a bullish breakout possibility also, that could occur if XRP price manages to hold above the neckline and surpass the right shoulder.
Ali predicts that if price of XRP crosses the $2.80 resistance, the negative pattern may become irrelevant, paving the way for an upward price movement.
On passing the left shoulders and aiming northwards, it could lead to a potential rise to $3.00, with further capital appreciation possible toward $4.50 and $5.00.
Analyst Shows Short Squueze Chances for XRP Crpyto
Another analyst on X posted that the XRP price has been in a consolidation phase for 95 days, with prices fluctuating between $1.70 and $2.50.
This accumulation pattern mirrors previous periods before XRP crypto’s major breakout in late 2024.
Historical data reveals that price of XRP saw a significant surge from $0.55 to over $2.00 after a similar duration of accumulation.
During accumulation phases, buyers and sellers align their market activities, resulting in assets remaining within a defined trading range known as consolidation.
The recent 95-day period saw XRP prices rise by nearly 40% daily, ultimately surpassing $2.50 before stabilizing.
Given these historical patterns, XRP price appears poised for another potential breakout, which could propel its value above $5.00.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Ayesha Malik is a famous sports journalist specializing in cricket and football. She provides in-depth analyses of matches, insights into players, and coverage of important global sports events.