Ripple’s XRP at $17 Price? Market Pundit On Why Macro Channel Breakout Could Blow Up XRP Price

By: zycrypto|2025/05/02 15:30:02

XRP traded relatively muted this week, even as the crypto market grapples with macroeconomic pressures such as the escalating trade tensions between China and the United States. This calm has been further worsened by Tuesday’s news that the U.S. Securities and Exchange Commission (SEC) has postponed its decision on Franklin Templeton’s XRP spot ETF application until June 17. However, Bloomberg ETF analyst James Seyffart noted that these delays could extend, with final decisions on several crypto-related exchange-traded products (ETPs) likely to arrive in Q4. “I am expecting more delays today or at least this week...This is expected IMO. Final deadlines for most of this stuff is in October 2025 or later,” Seyffart noted, emphasizing that the timeline could shift depending on how swiftly the SEC engages with applicants. Despite these setbacks, analysts like EGRAG CRYPTO believe that XRP may be setting up for a significant long-term rally based on technical factors. On Wednesday, he shared a monthly chart showing XRP’s movement within a “Macro Channel,” projecting a potential rise to between $17 and $55 based on historical candlestick patterns. With XRP trading around $2.18, he highlighted the current phase as “Candle number 5,” which he suggests could echo XRP’s explosive 1,700% surge in 2018. “XRP – MACRO Channel ($17-$55): We’re currently in Candle number 5... The measured move points to a potential high of $55. As for me, I have my eyes set on $27, but I plan to sell gradually as prices rise,” he stated. Earlier this week, the pundit speculated that XRP may be mirroring its 2017 fractal, potentially targeting $120 in the longer term. Meanwhile, TradingView analyst Ande Wave identified a bullish inverted head and shoulders pattern in the short term, noting that “XRP is breaking through descending resistance,” with the breakout bar currently testing a key liquidity zone. He added that a smooth approach to the $2.186 level could significantly increase the chances of a sustained breakout and further upside. Echoing this view, analyst Ali Martinez noted on Monday that “ XRP looks to be breaking out of an inverse head and shoulders pattern, with a potential upside target between $2.70 and $2.90.” Such a move would represent a 30% surge, positioning XRP above the critical $2.85 support/resistance zone. At press time, XRP was trading at $2.23, reflecting a 0.59% drop in the past 24 hours.

-- Price

In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...

Forbes Special Report: Stablecoin cross-border payments are faster now, but not cheaper yet

Cross-border payments using stablecoins are rapidly expanding, bringing speed and accessibility, but due to insufficient institutional liquidity, they have not yet delivered on their promised cost savings. The technology has been validated, and regulations are improving, but the industry has not yet...

A valuation of 8 billion dollars, doubling in 8 months! What makes the crypto-friendly bank Erebor Bank stand out?

Erebor is a high-profile experiment taking place at the intersection of banking, cryptocurrency, and industrial policy.

340 billion valuation: Li Yanhong's largest IPO, a seat in Kunlunxin's shares is hard to come by

As a core asset in Baidu's AI landscape, Kunlun Chip is expected to exceed Baidu's market value after going public, becoming an important bargaining chip in its turnaround battle.

Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play

The emergence of Open USD has shifted the competition for stablecoins from the market struggle of crypto startups to a battle for infrastructure involving traditional finance, payment networks, technology platforms, and public chain ecosystems.

Cape Verde 2-3 Argentina: The Underdog Team That Stunned the World in Defeat

Cape Verde's run ended in a 3-2 defeat to Argentina, but their journey — three unbeaten draws, one heroic goalkeeper, and a fight that pushed the defending champions to the brink — is the kind of story markets recognize too: small caps can rattle blue chips long before anyone expects it.

Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip

Abandoning TSMC and teaming up with Samsung. Anthropic launches a self-developed 2nm chip program, challenging Nvidia and starting a battle to break through computing power costs.

Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed

Zhao Changpeng's billion-dollar new "family office" YZi Labs investment landscape revealed: 70% of the funds are committed to the crypto ecosystem, while 30% are cross-industry bets on AI and biotechnology, launching a new capital experiment in the post-Binance era.

Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions

The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...

A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI

True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

When American giants collectively "defect" from Chinese AI models

Coinbase CEO publicly stated: the company has fully switched its AI to a Chinese model, cutting expenses in half while usage has doubled. Snowflake and Lindy are also doing the same thing—an unnoticed "AI model migration wave" is happening.

BIS Report Compliance Observation: The Real Risks of Stablecoins, Not Just "Depegging"

The issue with stablecoins is not just whether their price will decouple, but whether they can be integrated into a recognizable, monitorable, accountable, and regulated financial system.

Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected

Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.

Bitcoin Price Prediction July 2026: Will BTC Recover to $70K or Drop Below $55K?

Bitcoin price prediction for July 2026: Can BTC recover to $70,000 or fall below $55,000? Explore ETF flows, key support levels, Fed outlook, and our Bitcoin forecast.

A South Korean company that learned the strategy of hoarding coins, from a bull market to delisting?

When the overall momentum of the Korean stock market is strong, this batch of cryptocurrency concept stocks, branded as the "Korean version of Strategy," finds itself at a crossroads of life and death.

The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition

OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.

Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy

Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.