Ripple Q1 2025: XRP Price Potentially Surges to $3 After Bullish Breakout!

Updated

May 7, 2025

Gambar Ripple Q1 2025: XRP Price Potentially Surges to $3 After Bullish Breakout!

Jakarta, Pintu News – The price of XRP is struggling to maintain support at $2.10, but the recently released Q1 report shows a strong outlook for 2025.

Increased institutional interest in Ripple’s products and the end of the SEC case further strengthens the possibility of a significant rise.

With technical analysis showing a bullish breakout from a wedge pattern, will this report trigger an XRP rally towards $3?

XRP Price Targets $3 after Wedge Breakout

XRP’s price trend on the four-hour chart shows a small decline from $2.33 to $2.11, registering a 10% drop in the last seven days.

However, the price movement of XRP reveals an ongoing falling wedge pattern. This pattern is generally considered to provide an upward breakout as selling pressure diminishes.

Between April 28 to May 6, the price movement of XRP formed two lower highs and lower lows. Connecting these swing points with the trend line resulted in a falling wedge setup. This pattern predicts a 10% rally towards $2.36 after a successful breakout above the upper trendline of the wedge around $2.14.

Currently, the price of XRP is fluctuating near the 61.80% Fibonacci level at $2.13. In line with the important Fibonacci support level, the demand zone stretches between $2.13 and $2.14.

Due to the short-term decline, the 50 and 200 EMA lines are warning of a possible death cross on the 4-hour chart.

In addition, the 4-hour RSI line is approaching the oversold limit. This reflects a short-term decline in bullish momentum, leading to a negative cycle in the wedge pattern.

In the event of a bullish breakout, after the market has generally stabilized, the Fibonacci levels forecast a short-term price target around the psychological level of $2.50. In the optimistic case, Fibonacci levels extend the price target from $2.75 to $3.15.

Conversely, the crucial support below the wedge pattern remains at the 50% Fibonacci level, which coincides with the $2 psychological level.

Ripple’s Q1 2025 XRP Market Report

As the price of XRP remains above the $2 level, Ripple recently released its Q1 2025 XRP market report. With many notable developments in Q1 2025, the report highlights a number of significant milestones for Ripple’s XRP.

The report highlights Q1 2025 optimism fueled by positive developments from the US government. Some of the key milestones highlighted in the report include Trump’s executive order in support of crypto, Paul Atkins becoming SEC chairman, and bipartisan support for stablecoins.

Starting with institutional support, Franklin Templeton has filed an S-1 form for an XRP-based ETF, as well as Volatility Shares filing three XRP ETFs. Additionally, Brazil’s CVM has approved a dedicated XRP ETF, while CME Group launched XRP Futures.

Overall, XRP investment products recorded weekly outflows of $37.7 million, which pushed the total inflows for the year to $214 million. XRP investment products are now only $1 million away from beating the global Ethereum fund.

XRP Ledger Slows in Q1

On-chain data shows a cooling phase in Q1 2025, with a 30-40% drop in both new wallet creation and overall transaction volume on the XRP Ledger. In particular, DEX volumes saw a 16% decrease compared to the previous quarter.

Interestingly, Ripple’s stablecoin, RLUSD, is emerging as one of the key drivers of on-chain activity. Its market capitalization has surpassed $90 million, and it recorded cumulative DEX volume of over $300 million.

Ripple’s $1.25 Billion Acquisition of Hidden Road

In addition, the report also highlights Ripple’s acquisition of Hidden Road, one of the fastest growing prime brokers in the world. This acquisition became one of the largest acquisition deals in the digital asset space worth $1.25 billion.

With this deal, Ripple aims to market the RLUSD stablecoin as a ready-to-use USD-based stablecoin for companies with real-world utility.

The company will most likely utilize its collateral for prime brokerage products. This could make RLUSD the first stablecoin to enable cross-margining between the digital asset space and traditional markets.

With growing institutional adoption and the potential to bridge the digital asset space and traditional markets, Ripple’s XRP price may soon skyrocket.

Based on price analysis, the wedge breakout rally could result in an increase towards $3 if the general market remains stable.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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