XRP Price Prediction & Analysis: This Chart Pattern Suggests Rally to $12
By: coin central|2025/05/05 16:15:01
0
Share
TLDRXRP price could reach $12 by 2026 according to Elliott Wave pattern analysisRipple whales have accumulated over 440 million tokens in the past monthA falling wedge pattern on the four-hour chart suggests a potential breakout past $2.36The $2 level is currently serving as a key support for XRPDerivatives data shows caution as long positions faced liquidations of $4.89 millionXRP is trading at approximately $2.17 as of May 5, 2025, down 5% last week due to a lack of major catalysts. However, technical analysis and whale activity suggest that Ripple may be preparing for a substantial rally in the coming months.XRPXRP PriceAccording to Elliott Wave analysis, XRP has completed a corrective pullback phase between the $2.05 and $1.65 range. This pattern indicates that Ripple is preparing for the third wave, which is typically characterized by a strong and long uptrend.Analyst EWCycles predicts a target price of $12 for XRP, representing a 2,900% surge that could occur between 2025 and 2026. This would mean a 5 to 6 times increase from current price levels.The rally depends on XRP forming new higher highs and higher lows. An ascending channel appears to be emerging, and as long as the altcoin trades within this range, it aims for a strong uptrend.$XRP really looking forward for this upward continuation! Soon the extensive move will form to make this one a double-digits crypto. Target is the same since before it broke out => around $12.#Elliottwave #XRP pic.twitter.com/z0LzNl5irL— EWT (@EWcycles) May 4, 2025Whale Accumulation Points to Bullish OutlookOn-chain data reveals major accumulation by XRP whales over the past month. Addresses holding between 1 million and 10 million XRP have purchased 190 million tokens, while those holding between 10 million and 100 million have accumulated 440 million tokens during the same period.Whales typically buy when prices are low in anticipation of price increases. This accumulation trend aligns with the Elliott Wave analysis suggesting XRP could reach double digits.Despite this bullish outlook, on-chain intelligence platform Santiment shows a decline in whale transactions valued at $100,000 and higher, as well as those greater than $1 million. This decrease typically signals a loss in interest.However, aggregate funding rates for XRP show positive readings since May 1, after closing April with two consecutive days of negative funding rates. Positive funding rates usually indicate that the price of derivatives contracts is higher than the spot market price, which is bullish for the token in the medium to short term.Short-term Technical OutlookThe four-hour chart shows XRP may be on the verge of an upward movement as it approaches a breakout from the upper trendline of a falling wedge pattern. To confirm this bullish momentum, the Relative Strength Index (RSI), currently at 43, needs to show increasing buyer interest.If XRP breaks above this resistance, it could rally 7% to $2.36 in the short term, potentially clearing the path to $2.59. Conversely, if the bullish theory fails and XRP loses support at $2.13, it may fall to $1.96.On the daily timeframe, XRP is trading 15% below its target resistance at $2.50, which represents the 50% Fibonacci retracement level of the decline from the peak of $3.40 to a low of $1.61.Two technical indicators on the daily chart support a bullish thesis for XRP: the RSI reads above 54 (the neutral level), and the MACD displays green histogram bars. The $3 level remains a key target for XRP in May 2025.Regulatory DevelopmentsThe SEC vs. Ripple lawsuit appeal deadline has been extended from April 16 to June 15, 2025. Interestingly, the SEC has delayed Franklin Templeton’s XRP ETF approval to June 17, 2025, just after the expiry of the 60-day wait period for the Ripple lawsuit.Bill Morgan, a prominent lawyer, described this timing as “potentially strategic,” expressing bullish sentiments toward an ETF approval in 2025.Dan Tapiero of 10T Holdings has expressed optimism about the XRP ETF launch, noting that despite early criticism, XRP has proven resilient through regulatory challenges.The price of XRP sits at a crossroads, with derivatives data showing that traders should proceed with caution. The 24-hour liquidation totals $5.24 million, with $4.89 million being long positions, indicating that bullish traders have faced losses.The post XRP Price Prediction & Analysis: This Chart Pattern Suggests Rally to $12 appeared first on CoinCentral.
You may also like

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."

$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years

Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?

Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27

Bloomberg: A Romanian Presidential Election Intervened by Crypto Traders
The puzzle of the Romanian elections under digital manipulation.

Founders Fund, Pantera, and Franklin Templeton join Sentient's "Arena" to stress test enterprise-level AI agents
Sentient is gathering builders and supporters from around the world (including Founders Fund, Pantera, Franklin Templeton, alphaXiv, Fireworks, OpenRouter, etc.) to jointly address the reasoning capability gap in enterprise AI.

Why Retail Is Shifting From Crypto to Equities: Will They Return?
Retail traders are exiting the crypto market and gravitating towards equities. Bitcoin saw a notable reduction in spot…

Canton Crypto Network vs. XRP: Understanding DTCC’s Strategic Approach to Infrastructure and Liquidity
Key Takeaways Canton Network and XRP serve distinct roles in blockchain technology: Canton for asset tokenization and atomic…

Jack Dorsey’s Block to Cut 4,000 Jobs in AI-Driven Restructuring
Key Takeaways Block’s significant job cuts aim to streamline operations for AI-driven growth. The company’s stock surged over…

Axiom Crypto Uncovered: ZachXBT Reveals $400k Insider Trading
Key Takeaways Allegations of insider trading at Axiom Crypto involve approximately $400,000 and a complex scheme where employees…

Ethereum 2029 Roadmap: ETH to Become the High-Speed Internet of Value
Key Takeaways Ethereum’s new roadmap, the “Strawmap,” aims for a settlement layer achieving 10,000 transactions per second (TPS)…
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."
$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.