Cryptocurrency analysts have warned that XRP could drop to $1.60, in contrast to optimistic predictions from industry peers suggesting the token will recover to nearly $3.00. The contrasting views highlight uncertainty as traders consider technical patterns and market behaviors.
Crypto Paradise shared a chart showing that XRP could drop to a support level of $1.60, calling this move a potential 'bear trap' designed to pressure sellers before a reversal. He notes that if XRP rises to $2.40-$2.50 and generates clear bearish signals, short trades could yield a favorable risk-reward ratio.
However, a sustained close above $2.50 would negate this outlook, requiring traders to wait for clearer trends. The analyst emphasizes disciplined decision-making, advising against emotional reactions to price volatility.
Conversely, cryptocurrency analyst Ali Martinez has identified an inverse head and shoulders pattern in XRP's chart, a pattern often associated with bullish momentum. He predicts the price will rise to $2.70-$2.90 if this pattern holds, with the potential to reach new highs beyond that range. Martinez did not specify a timeline but implied that this setup depends on holding key support levels.
XRP (Ripple) is currently trading at $2.25, showing strong recovery momentum over the past few months. It has broken out of a descending wedge pattern, a bullish technical pattern, and remains safely above key moving averages.
XRP is approaching a crucial resistance level at $2.40, and a breakout above this range could accelerate the move towards $2.77–$3.00. Immediate support levels lie between $2.16 and $2.12, creating a buffer against potential short-term pullbacks. Overall technical sentiment towards XRP is classified as neutral to bullish, reflecting a steady upward trend with potential for further price increases.
On the institutional side, confidence in XRP is steadily increasing. Asset management companies, such as UBS Wealth Management, are reportedly advising clients to gain exposure to Ripple and XRP. Furthermore, investment products related to XRP have seen significant inflows in recent weeks, highlighting growing institutional demand.
Regarding ETFs, the landscape is changing rapidly. The SEC recently postponed its decision on the Franklin XRP Fund ETF until June 17, 2025, as part of a broader delay across the entire cryptocurrency ETF sector.
However, significant progress has been made: Leveraged and inverse XRP futures ETFs from ProShares are expected to launch on April 30, 2025, and CME Group is preparing to introduce XRP futures shortly thereafter.
Basically, Ripple continues to provide strong real-world utility through its payment network, positioning XRP as a reliable bridge currency for cross-border transactions. Its environmentally friendly model further enhances its appeal in an increasingly ESG (Environmental, Social, Governance) focused world.