News View Non-AMP

XRP Price May Soar to $17 with Emerging Pattern

Published by
Anjali Belgaumkar

XRP is currently trading at $2.12, staying above the important $2.00 support level. It’s up about 3% in the last 24 hours, showing some positive momentum. The coin tested the support zone again but bounced back, which means buyers are still active and willing to step in. 

This bounce suggests the market might be starting to recover from the recent downturn. If the buying pressure continues, the market could soon see a relief rally.

According to analyst Egrag Crypto, XRP is currently forming an Ascending Broadening Wedge pattern, suggesting two possible price targets: a decline to $0.65 or a rise to $17. For a bullish breakout, XRP must first close above $3.50. If it reaches the $5 level but fails to sustain above it, this could signal a higher probability of the pattern playing out. A rejection at $5 would likely lead to a retest of the $1.90 level. 

Also Read: XRP News Today: Price Rises 4%, Ripple Outpaces BTC and ETH in South Korea

A successful breakout above $5, with a follow-through above $6, could drive XRP toward the $17 target within 2-3 weeks. However, the analysis hints at a 70% likelihood of a downside breakout, potentially pushing the price back to $0.65, with only a 30% chance for the bullish scenario. This pattern is not yet fully formed, and key price levels should be monitored closely for confirmation.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Swiss National Bank Says No to Bitcoin Reserves

Swiss National Bank (SNB) President Martin Schlegel announced at the 2025 General Assembly that the…

April 26, 2025

Switzerland’s Crypto Regulation Faces Heat as Bitcoin Reserve Strategy Sparks Debate

As inflation rises and economic uncertainty deepens, Switzerland is facing fresh pressure to rethink its…

April 26, 2025

Bitcoin SV Price Prediction 2025, 2026-2030: Will BSV Price Hit $100?

Story Highlights The live price of the BSV token is . BSV price may reach…

April 26, 2025

Crypto News Today Live : Crypto tax , Bitcoin Price, Pi Network Listing, XRP News, Dogecoin Price

April 26, 2025 06:34:55 UTC Crypto Fear and Greed Index Currently, the Crypto Fear and…

April 26, 2025

The 3 Best Cryptos To Buy Before the Next Bull Run

As the next bull run nears, investors are weighing their best options. On the list…

April 26, 2025

Why BONK Coin Price is Up Today?

Meme coins are on the rise, and Bonk (BONK) is one of the standout performers,…

April 26, 2025