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

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.

WEEX API Broker Program: Turn Your Trading Platform Into a Revenue Engine

Become a WEEX API Broker and earn up to 70% trading fee sharing. Get institutional-grade liquidity, OAuth Fast Connect, and a 4-5 day integration for your AI trading platform, bot, or signal community.

How to choose between buying discounted ETH, Bitmine, and SharpLink?

The answer may not lie in whose story is told better, but in specific dimensions such as cost of holding, financing ability, liquidity, and whether the narrative can be realized.

Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity

Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...

From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?

The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.

Dan Bin's latest speech: Don't miss out on a great era

Don't let hesitation trap your steps, and don't let shortsightedness waste the passing years—make sure not to miss this magnificent era that belongs to us.

Robinhood launches its own blockchain, no longer wanting to be a tenant on others' chains

While laying off employees and issuing bonds, it is the predictive market business that temporarily supports the income.