XRP Price Prediction Weekly: Buy the 50% Correction Before the Run to $5?
Is Ripple XRP ready for a breakout after its 50% retracement, given the recent legal clarification and the changing political landscape?
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 Ripple XRP ready for a breakout after its 50% retracement, given the recent legal clarification and the changing political landscape?
XRP’s Wild Ride: Trump’s Nod Ignites Rally, But Uncertainty Remains
Between November and mid-January, XRP witnessed a meteoric rise, climbing over 350% from just below $0.50 to an intraday high nearing $3.40. The surge was largely driven by optimism surrounding a major court victory in Ripple’s protracted legal confrontation with the U.S. Securities and Exchange Commission (SEC).
XRP/USD Daily Chart – Struggling to Rise Past Moving Averages
That euphoric momentum quickly faded. A broader pullback in global equities and declining risk appetite spilled into crypto markets, sending XRP tumbling to a key support area around the $2.00 mark by early February.
A Political Tailwind, Then a Letdown
In March, U.S. President Donald Trump momentarily rekindled enthusiasm for XRP by mentioning it—alongside Solana and Cardano—during a policy speech introducing the concept of a proposed “National Crypto Reserve.” Speculation mounted that XRP could be included. Prices rallied to $3.00 before sharply reversing after confirmation that only Bitcoin would be part of the official reserve structure.
Tariff Delay and SEC Deal Spark Renewed Confidence
A fresh dip to $1.63 followed new U.S. trade sanctions, which rattled risk markets. Yet sentiment quickly recovered after President Trump announced a temporary pause on tariffs, which lifted crypto assets along with equities.
Adding to the renewed optimism was news of a revised settlement offer with the SEC. The deal proposed a reduced fine of $50 million—less than half the previously allocated $125 million—while the remaining escrow funds, including accrued interest, would be returned to Ripple. CEO Brad Garlinghouse described it as a validation of Ripple’s consistent legal position.
XRP Trapped in a Narrow Range—But Primed for a Move
Since that rebound, XRP has been trading sideways, confined between $2.00 and $2.25. While current price action doesn’t reflect usage growth or increased adoption, crypto markets are known for their sudden shifts, and sentiment can pivot in an instant.
XRP’s History Shows Similar Setups Before Breakouts
Historically, XRP has seen brief explosive moves followed by long cooling-off periods. After the 2018 spike, the token remained dormant for years. A similar scenario unfolded in 2021, where bursts of bullish activity were repeatedly followed by prolonged retracements.
XRP/USD Weekly Chart – Support Holds Steady at Lower Levels
The recent 50% correction from the $3.40 high now appears technically complete, which often precedes the beginning of a new upward phase. Should bullish momentum resume, price targets may include the previous high of $3.40, followed by psychological resistance at $4.00, $5.00, and—if macro conditions cooperate—even a run toward $10.00.
Conclusion: Quiet Before the Ripple Storm?
While full-scale buying hasn’t returned just yet, the ingredients are in place—favorable legal outcomes, renewed political mentions, and solid technical support. And as seasoned crypto traders know, the biggest moves often happen just when attention begins to fade.
Ripple XRP Live Chart
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