TLDR
- XRP currently trading around $2.05, recovering after recent volatility
- Technical analyst Cryptominder predicts XRP could reach $50 by 2030 (2,339% increase)
- SEC-Ripple joint motion approved for 60-day pause in legal proceedings to finalize settlement
- Paul Atkins’ appointment as SEC Chair expected to create clearer crypto regulations
- XRP ETF applications have May deadlines approaching with higher approval chances than other altcoins
Ripple’s XRP is currently trading at $2.05, showing resilience at a critical price point while market participants watch closely for developments in the SEC case and potential ETF approvals. Despite recent volatility that saw the price dip below $2, bulls have maintained support at this psychological level.
Technical analyst Cryptominder has made a bold prediction that XRP could reach $50 by 2030. This would represent a 2,339% increase from current prices and require approximately 90% annual growth over the next five years.
Cryptominder pointed to previous price points where investors showed caution, such as when XRP traded at $0.09 and $0.35, noting that those who bought at those levels have seen substantial returns.
This $50 prediction isn’t isolated. Other market analysts share similar outlooks, with Telegaon forecasting a maximum price of $48 by 2030. However, analysts at Changelly believe XRP won’t reach $50 until 2033.
SEC Case Developments
A major development occurred Wednesday when a US appellate court granted a joint request by Ripple and the SEC to pause appeals in their 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 $50 million fine, much lower than the $125 million penalty imposed by Judge Analisa Torres in August 2024.
The legal battle’s resolution could be accelerated by leadership changes at the SEC. Paul Atkins, recently approved by the Senate as the new SEC Chair, has promised to prioritize creating clear regulatory frameworks for digital assets.
ETF Prospects
Market attention has also turned to XRP ETF applications, with several fund managers submitting proposals and deadlines approaching in May.
Experts at Kaiko Research suggest XRP ETFs have better approval chances than other altcoins like Solana and Cardano. They noted that with deadlines approaching rapidly, Atkins “could set his stall out early—and change the narrative entirely from the previous regime at the SEC.”
The combination of a potential SEC case resolution and ETF approvals could significantly impact XRP’s price direction in coming months.
Market Indicators
Trading data shows mixed signals for XRP’s short-term movement. While the price has held the $2 support level, traders should watch key technical levels including the 200-day Exponential Moving Average at $1.96 and resistance formed by the 50-day and 100-day EMAs around $2.22.
Derivatives data reveals a 3.55% increase in open interest to $3.14 billion, suggesting improved market sentiment and traders betting on higher prices.
CryptoQuant data shows exchange inflows have plunged by 96% from over 2 billion XRP on April 4 to approximately 77 million on Thursday. Decreasing exchange inflows typically reduce selling pressure and indicate investors are holding tokens in anticipation of price increases.
However, the Relative Strength Index on the daily chart remains below the center line and is gradually moving toward oversold territory, suggesting continued caution is warranted.
Bulls will need to push XRP past the descending trendline to break the current downtrend and validate momentum toward higher targets. A move below the $2 support could lead to retests of lower levels, potentially around $1.60.
For now, traders may want to reduce exposure and wait for confirmed movement either above resistance or below support before making new positions.
The resolution of the SEC-Ripple lawsuit and decisions on XRP ETFs will likely determine whether the asset moves toward analysts’ lofty price targets or faces further consolidation in the near term.
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