News View Non-AMP

Ripple News: Can XRP’s Price Surpass 60 Cents After Bitcoin’s Next Move?

Published by
Anjali Belgaumkar

Bitcoin’s upcoming move in the next few hours is very important for the broader sentiment to change There’s market uncertainty, making it crucial to avoid excessive leverage. The decision, whether a 0.25% or 0.5% rate cut, will have a major impact on the markets. However, amid all the chaos, the question whether XRP could break out toward higher levels still remains a mystery. 

According to analyst Cheeky Crypto, yesterday’s target range for XRP was set between 59.48 and 60 cents, aiming for a double top similar to Saturday’s price movement. However, XRP peaked at 59.34 cents before pulling back.

This pullback occurred after finding support at the 50 EMA and SMA levels. Now, there’s an impulsive breakdown. It’s possible XRP is in wave four, with a structural target between 57.17 and 57.42 cents, which might align with support at the 200-hourly EMA.

Within the price structure, a five-wave drop suggests an irregular flat pattern (ABC) for wave four, overlapping with wave one, pointing to a diagonal structure in wave five. The target range for the potential double top is 59.54 to 60.16 cents.

Despite the XRP chart showing higher lows and lower highs, which generally suggests a bullish breakout, he doesn’t expect an immediate rise to the 75 to 85 cent range due to external factors.

The analyst also noted a possible loss of the 50% level, with a retest of the lower trendline being likely before any major breakout occurs. Although there may be temporary stability or upward movements in the coming days, overall market liquidity remains low. This liquidity crunch, combined with external factors like interest rates, unemployment rates, and money supply, suggests selling pressure could increase.

Also Check Out: XRP, FTM, or PopCat: Which Altcoin Will Hit the $1 Mark First?

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

When Will Grayscale’s XRP ETF Finally Get Approved?

XRP’s journey through the crypto space has been nothing short of remarkable. With ProShares’ recent…

April 28, 2025

Adam Back Predicts Bitcoin Price Will Hit $500K to $1M by 2025 End

In the world of Bitcoin, few voices carry as much authority as Adam Back, CEO…

April 28, 2025

XRPFi Launch Tomorrow: Flare’s Big Reveal to Transform XRP Staking!

Exciting developments are unfolding for XRP holders as Flare Networks prepares to launch XRPFi, a…

April 28, 2025

Crypto News Today : Bitcoin Price, XRP News, Pi Network News , Zora Crypto

April 28, 2025 06:35:57 UTC Bitcoin Price Today Bitcoin held steady on Monday after a…

April 28, 2025

XRP Price Prediction 2025: Analyst Warns $1.25 Level Retest

The crypto market started this week with fresh gains and Bitcoin recorded gains of over…

April 28, 2025

Grayscale Urges SEC to Approve Staking for Ethereum ETFs

Grayscale recently met with the SEC's crypto task force, urging for approval to allow Ethereum…

April 28, 2025