TLDR
- XRP currently trading around $2.05, maintaining support at the crucial $2.00 level
- Technical analysts predict XRP could reach $50 by 2030, representing a 2,339% increase
- Resolution of SEC-Ripple legal case approaching with a 60-day pause for settlement talks
- XRP ETF approval possibilities strengthening with Paul Atkins taking SEC leadership
- Declining exchange inflows (96% drop since April 4) suggest reduced selling pressure
XRP is currently trading around $2.05 as it maintains critical support at the $2.00 psychological level. Despite recent price volatility, multiple analysts are projecting substantial growth potential for XRP over the coming years, with some setting price targets as high as $50 by 2030.
The cryptocurrency has shown resilience after experiencing a 17% drop in early April when it fell to $1.79, its lowest point in five months. XRP quickly rebounded with a 14.33% recovery the following day, reclaiming the $2.00 mark.
XRP Price
Technical analyst Cryptominder remains highly optimistic about XRP’s future. He’s actively purchasing XRP at current prices and believes the asset has the potential to reach $50 by 2030. This would represent a staggering 2,339% increase from current levels and would require an annual growth rate of approximately 90%.
While this growth target may seem ambitious, Cryptominder points to XRP’s 237% price increase last year as evidence of its capacity for substantial gains. He also references historical price points where investors were similarly cautious, including when XRP traded at just $0.09 and $0.35.
In 5 years from now $XRP will be over 50$ price. Today is the day you will remember. You will say to your friends that we never believed in XRP when it was 0.09$ we never believed at 0.35$ we never believed at 2$. I buy this XRP you are not. I bought at these prices!
— Cryptominder (@Crypt0minder) April 17, 2025
Legal Resolution and ETF Prospects
A key development for XRP’s future is the ongoing legal case between Ripple and the SEC. On Wednesday, a US appellate court granted a joint request to pause appeals in the lawsuit for 60 days. This temporary hiatus will allow the parties to conclude settlement negotiations.
Ripple CEO Brad Garlinghouse has confirmed these talks are at an advanced stage, awaiting the Commission’s vote. Reports suggest Ripple could pay a fine of around $50 million, considerably less than the $125 million penalty initially imposed by Judge Analisa Torres in August 2024.
The crypto community is also watching Paul Atkins, President Trump’s nominee for SEC Chair, who was approved by the Senate on April 9. Atkins has pledged to create a clear regulatory framework for digital assets, potentially accelerating the resolution of the SEC-Ripple case.
Multiple fund managers have submitted applications for XRP exchange-traded funds (ETFs), with some deadlines approaching in May. Experts at Kaiko Research believe XRP ETFs have higher approval chances than other altcoin ETFs such as Solana and Cardano.
Technical Indicators Point to Potential Breakout
XRP’s price action shows consolidation between crucial support and resistance zones. From a technical perspective, several indicators suggest a potential breakout could be forming.
The $2.00 level represents pivotal support, with additional support from the 200-day Exponential Moving Average at $1.96. The upper resistance is formed by the confluence of the 50-day and 100-day EMAs around $2.22.
According to Elliott Wave theory, XRP appears to be completing Wave 2, a corrective phase, with a possible reversal that could trigger upward movement. Crypto analyst Casitrade has identified $1.90 and $1.55 as solid support levels that XRP has respected in recent weeks.
🚨XRP Nearing the End of Wave 2: April Breakout Still in Play🚀
A lot of you are wondering about my April breakout prediction, and yes, I still believe it's on the table. I've stepped out to the 4H chart for a wider view, and from an Elliott Wave perspective, we're ending what… pic.twitter.com/3BqDRMn2wx
— CasiTrades 🔥 (@CasiTrades) April 17, 2025
For a sustained breakout, XRP needs to close above the $2.24 resistance level, which represents the 0.382 Fibonacci retracement. If XRP can clear and hold above this price, analysts expect a move toward $6, with further potential targets at $9.50 and $12.
Technical indicators are showing early buy signals. The MACD histogram has turned green, with the MACD line crossing above the signal line, indicating increasing buying pressure. The Relative Strength Index (RSI) remains in mid-range, suggesting room for further price appreciation.
Institutional Interest Growing
Institutional interest in XRP appears to be growing. Derivatives data shows a 3.55% increase in open interest to $3.14 billion, suggesting traders are betting on higher prices in the short term.
Perhaps more telling is the dramatic drop in XRP exchange inflows. Data from CryptoQuant reveals inflows have plunged by 96% from over 2 billion on April 4 to approximately 77 million XRP on Thursday. Declining inflows typically reduce potential selling pressure and indicate investors are holding onto their tokens.
The prospect of an XRP ETF approval is further fueling positive sentiment. According to reports, JPMorgan analysts predict that approval of a Ripple spot ETF could bring in over $8 billion in institutional investments. This influx could drive XRP’s price substantially higher.
Analyst Zach Realtor suggests ETF approval could push XRP toward $15, bringing its market cap closer to $1.8 trillion. The SEC is expected to decide on Grayscale’s XRP spot ETF filing by May 22.
Teucrium’s recently launched leveraged XRP ETF has already gained traction, attracting $27 million in assets. This growing interest in XRP-based products strengthens the case for potential ETF approval, which could provide the catalyst for a major price rally.
