XRP Eyes $2.50 Amid Extreme Chart Compression
Different technical signals, when they align, act as a silent warning in the markets. This is the case with XRP, whose Bollinger Bands have just tightened to a level rarely observed.
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Different technical signals, when they align, act as a silent warning in the markets. This is the case with XRP, whose Bollinger Bands have just tightened to a level rarely observed.
British multinational bank Standard Chartered made an ambitious prediction: It expects Ripple-promoted cryptocurrency XRP to reach $12.5 before the end of Donald Trump's second term as U.S. president.
In the market of crypto, a trader earns a reputation for calling the top, and even fewer manage to repeat it. But the investor who famously exited Ripple (XRP) right before its historic $3.84 peak in 2018 is making headlines again after scooping up a lesser-known altcoin Mutuum Finance. Priced at just $0.
Altcoins are showing fresh signs of life following Trump's 90-day tariff pause, and three names in particular—XRP, HYPE, and ONDO—are catching investor attention.
Crypto prices stabilized on Thursday, helped by the falling US inflation, Donald Trump's flexibility on tariffs, and Paul Atkins confirmation as SEC chair. Still, Bitcoin, Ethereum, Cardano, and XRP prices have a hidden $4.5 trillion catalyst that may propel them higher this quarter.
At press time on April 10, some 2.74 billion XRP were held on crypto exchanges, according to data retrieved by Finbold from market intelligence platform CryptoQuant.
TL;DR XRP whales accumulated over 510 million tokens in a single week, driving the price recovery after a bearish trend. The price rose 9.6% and returned to $2.00, supported by institutional interest and improvements in the global economic outlook. XRP faces key resistance at $2.
Ripple is preparing to unlock 1 billion XRP from its escrow accounts on May 1, 2025, continuing its monthly release cycle. Based on current XRP prices on April 10, the token unlock is valued at approximately $2 billion in market value.
US inflation dropped in March, raising optimism that the Federal Reserve will adopt a more dovish tone in upcoming meetings—boosting crypto prices. Data from the Bureau of Labor Statistics showed that the headline Consumer Price Index fell from 0.
A joint study conducted by Ripple and BCG predicts the market size for tokenized assets could hit $18.9 trillion in the next eight years as major institutions flock to blockchain technology.
The dramatic 90% decline in XRP payment volume is one of the most prominent warning signs that account-to-account transactions have sharply decreased, indicating a decline in user engagement and network utility.
XRP has faced a month-long downtrend that saw it dip below the $2 mark, erasing the gains made earlier this year.
Ripple is acquiring the crypto-friendly prime broker Hidden Road in one of the largest deals in the digital asset space. The deal makes Ripple the first crypto company to own and operate a global, multi-asset prime broker.
The crypto market has recorded massive gains in the last 24 hours as President Trump paused country-based tariffs. This lifeline has sparked bull pressure, flipping weekly outflows in most assets.
Despite escalating U.S.-China trade tensions, Bitcoin, Ethereum, and Solana posted strong gains amid investor confidence.
XRP price has surged nearly 10% today, indicating a renewed market interest in Ripple's native asset. Notably, the robust surge comes amid a broader crypto market recovery and several other positive developments like the successful ETF launch in the US.
The Ripple price crash to $1.6 in the previous week took a toll on investors' sentiments. However, things began to move as the on-chain data reveals whales moving 70 million XRP in the last two weeks alone.
So far this year, the price of Ripple's cryptocurrency, XRP (XRP 10.00%), has plunged by more than 10%. That's not too bad when considering its valuation soared by more than 200% in 2024.
It looks like XRP might be gearing up for a big price move as the Bollinger Bands are showing signs that have usually conveyed an upward shift in the cryptocurrency's valuation. This time, they are pointing toward the $2.50 level, which would be a 27% move from its current trading range.
Standard Chartered predicts XRP could reach $12.5 by 2028, driven by Ripple's cross-border payment technology, while new investors now dominate the market.
The XRP (XRP 9.40%) cryptocurrency was created by a company called Ripple in 2012. It was designed to standardize cross-border payments within the Ripple Payments network, which means it has a tangible real-world use case, unlike most cryptocurrencies.
A strong intraday push by XRP temporarily pushed it over the crucial $2 mark, reviving market optimism. The asset has since fallen back below that mark, though, and is currently trading at about $2.02 as of press time.
The total crypto market cap is up by over $100 billion daily.
XRP rebounds to $2 after Trump's tariff pause announcement, while analysts project potential for significant future growth based on technical patterns.