XRP Price Forecast (April 21–27): Is a Bullish Breakout on Horizon After 50% Retreat?
Is XRP prepared for a bullish move to $5, following its 50% Ripple correction in light of fresh legal guidance?
Quick overview
- Ripple XRP experienced a significant price surge of over 350% following a legal breakthrough in its case against the SEC.
- Despite initial optimism from political endorsements, XRP's price faced volatility and corrections, dropping to the $2 support zone.
- Recent developments, including a proposed settlement with the SEC and a pause on tariffs, have renewed optimism for Ripple's future.
- Historical patterns suggest XRP may be poised for another breakout, with potential targets reaching as high as $10 if market conditions align.
Is XRP prepared for a bullish move to $5, following its 50% Ripple correction in light of fresh legal guidance?
XRP’s Unstable Climb: Trump Buzz Lifts Hopes, But Doubts Persist
Between November and mid-January, XRP delivered a dramatic rally, surging over 350% from below $0.50 to reach an intraday peak near $3.40. The rally was primarily driven by renewed bullish sentiment following a pivotal legal breakthrough in Ripple’s prolonged battle with the U.S. Securities and Exchange Commission (SEC).
XRP/USD Daily Chart – Rally Stalls at Key Moving Averages
Yet the momentum didn’t hold. As risk aversion swept through global stock markets, digital assets followed suit. XRP gave up much of its gains, falling back toward the $2.00 threshold by early February, a level that acted as short-term support.
Political Headlines Stir XRP Bulls—But Momentum Fades
In March, renewed enthusiasm briefly returned when U.S. President Donald Trump name-dropped XRP alongside Solana and Cardano during a speech on forming a proposed “National Crypto Reserve.” The market quickly jumped on the headline, pushing XRP back toward $3.00 amid speculation it could be included in a government-supported crypto portfolio.
However, those hopes were dashed when it was clarified that only Bitcoin would be part of the official reserve structure. This led to a sharp retracement, highlighting the market’s sensitivity to political narratives.
Tariff Reprieve and Legal Progress Reignite Buyer Interest
XRP faced another decline to $1.63 as new U.S. tariffs reignited trade concerns and sparked a sell-off across risk assets. Relief came quickly when President Trump suspended the tariffs for three months, restoring some confidence across markets, including crypto.
Boosting sentiment further was the news of a revised settlement proposal in Ripple’s SEC case. The updated agreement cut the fine to $50 million, less than half of the initial $125 million estimate, and allowed Ripple to reclaim escrowed funds with accrued interest. CEO Brad Garlinghouse described it as a symbolic victory, reinforcing Ripple’s legal position and renewing focus on the company’s broader ambitions.
XRP in Holding Pattern—But Setup Suggests Potential Breakout
Since rebounding, XRP has entered a consolidation phase, fluctuating between $2.00 and $2.25. Although adoption metrics and on-chain activity haven’t shown immediate traction, XRP’s price structure remains constructive. In the volatile world of crypto, such low-range, low-volume periods often precede significant price action.
Past Cycles Offer Insight Into XRP’s Next Move
Historically, XRP has been prone to rapid rallies followed by long cooling-off phases. The post-2018 cycle saw the token drift lower for years. In 2021, similar price explosions were followed by multi-month corrections, leaving investors frustrated by lack of follow-through.
XRP/USD Weekly Chart – 50% Retracement May Set the Stags
Now having completed a textbook 50% retracement from the $3.40 high, XRP is technically positioned for a fresh leg higher. If upward momentum resurfaces, traders will eye the $3.40 mark, followed by psychological levels at $4.00, $5.00, and—should market conditions remain favorable—even a potential run toward $10.00.
Final Word: A Calm Phase Before XRP’s Next Leap?
Investor enthusiasm has cooled for now, but the ingredients for a breakout are falling into place: regulatory clarity, political buzz, and technical stability. In crypto, major moves often come when least expected—and XRP’s next shift could be just one catalyst away.
Ripple XRP Live Chart
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