After the last major price increase at the end of 2024, XRP struggled to maintain its upward momentum. It fluctuated steadily around the $2 mark, holding its ground as the broader market tried to find direction.
While some traders have moved on to trendier tokens, long-time XRP supporters believe the story is far from over. A few technical signals and bold predictions suggest that a much larger move may be underway for Ripple.
In a video on the YouTube channel A Chain of Blocks, the host provides a mix of sarcasm, political commentary, and cryptocurrency analysis. The video opens with a sarcastic take on how difficult April has been, full of memes, sounds, and jokes about everything from Congress to convenience store employees attempting to impeach the president. But hidden among the political critiques and cultural mockery is a serious look at XRP and its price target that may raise some eyebrows.
Referencing the initial macro chart incident shared by EGRAGCrypto, the host explains that XRP is currently in what is called the 'five-year candle' on the macro chart. If XRP can break out of the current pattern, the measured move indicates a potential price increase up to $17.
He even mentioned that the highest point could be $55, although he personally sets a target of $27 as a potential take-profit level.
Why XRP's $17 Price is More Than Just a Meme
Ripple's price prediction is based on several technical signals. One of the major signals is the hidden bullish divergence on the two-week RSI and stochastic RSI. According to the analysis, if the SRSI crosses and holds above the 20 line for a few weeks, it could serve as a strong bullish confirmation.
However, there is still downside risk. If XRP falls below $0.29, the bullish divergence will no longer be in effect, and the breakout scenario will be nullified.
The XRP segment is just part of the video, which also delves into Bitcoin's technical structure. The analyst notes that Bitcoin has surpassed a critical random RSI level and is testing a descending expanding wedge. If Bitcoin breaks out, it could spark a broader altcoin rally, which would almost certainly benefit XRP's price as well.
Despite its sarcastic content, the video still presents a focused technical perspective. The bottom line is that Ripple's price may be on the verge of a significant breakthrough, but it all depends on a few crucial indicators that will hold in the coming weeks.
So, will XRP's price actually reach $17? That is not guaranteed, but according to A Chain of Blocks, the roadmap is there; it just depends on whether the market is willing to follow.