XRP is starting to draw attention again as signs of a potential breakout begin to take shape. With market sentiment gradually shifting and XRP holding key support levels, analysts suggest that the stage may be set for the next impulse wave. If momentum continues to build and critical resistances are cleared, XRP could be on the verge of an explosive price rally to $8.5. 

Elliott Wave Points To Major XRP Price Breakout

Paul Webborn, a crypto analyst on X (formerly Twitter), has released a new XRP forecast update, reinforcing his bullish stance on the third-largest cryptocurrency. In his analysis, the market expert reveals that XRP may be entering a powerful impulse phase, with projected targets potentially reaching or even surpassing $8 in the current cycle. 

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Webborn’s analysis applies Elliott Wave Theory to track XRP’s price movements from its June 2022 low, identifying that point as the start of a new bullish cycle. The chart provides a visual roadmap of XRP’s next moves based on the impulse wave structure. 

The cryptocurrency is expected to experience a short-term rise to initial targets below $8, followed by a brief pullback before a final rally that could push XRP to new all-time highs. Notably, the chart shows that primary Waves A and B have already played out, and XRP is now progressing through Wave C, which is unfolding in five intermediate waves. 

Intermediate waves 1 through 4 appear complete, with Wave 5 still forming. Webborn notes that this final fifth wave is expected to break down into five smaller minor waves. Minor wave 3 is projected to push XRP toward the $5 and $6 range, while the full extension of Wave C could carry it to between $8 and $10.

The analyst has set an invalidation level at $1.90, meaning any move below that would break the current bullish structure and possibly lead to further downward pressure on the XRP price. Webborn predicts that if the $1.90 level is broken, XRP could potentially experience a crash toward new lows around $0.287, marking more than an 87% decline from its present market price. 

However, the chart suggests that this low has already been reached, further reinforcing the bullish narrative that the altcoin may be on the verge of a major upward breakout. While Webborn has provided no specific timeline for his optimistic forecast, the analyst believes that the coming few months could be explosive as the market enters the next phase of the impulse. 

Update On Price Action

Lately, the XRP price has maintained strong support above $2, showing strength despite an extended consolidation period. CoinMarketCap data shows that the cryptocurrency is currently trading at $2.22, reflecting a modest 1.35% rise over the past day. 

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Although XRP is still priced significantly below its all-time high, data from CoinCodex shows that market sentiment remains highly bullish. The cryptocurrency’s Fear and Greed Index also currently sits at 64, firmly in the ‘Greed’ zone.

Featured image from Getty Images, chart from Tradingview.com

The Fear and Greed Index recovered from a record low of 15 it booked a couple of weeks ago to 52 as of this morning, meaning that market participants are now less concerned about the state of the market.

This supports a bullish outlook for crypto assets including XRP and it has translated into multiple bullish breakouts above key moving averages.

Just a few days ago, Ripple announced that investors and traders will now be able to borrow Ripple USD (RLUSD) – the project’s new stablecoin – through the well-known AAVE protocol.

This is another important step from the blockchain company to fuel the adoption of its stablecoin to achieve its mission of becoming the leading decentralized payments platform.

Data from CoinMarketCap indicates that RLUSD’s market cap has expanded from around $60 million in early March to nearly $300 million at the time of writing, resulting in a 400% increase in just two months.

Higher demand for RLUSD means higher transaction volumes within the Ripple network and higher demand for XRP – the blockchain utility token.

Meanwhile, the price action for XRP recently showed that its latest Elliott Wave has now been completed.

XRP Could Keep Rallying to $2.5 in This Scenario

The hourly chart shows that the price has entered a stage of consolidation as it waits for further liquidity to trigger the next move.

A couple of scenarios emerge by using the latest Elliott Wave levels as a reference to identify key resistance and support areas to watch.

The bullish scenario would see the price breaking above the 5 wave, which sits at $2.2350 and triggering the beginning of a new Elliott wave that could propel XRP to $2.5 in the near term.

A brief pullback toward the $2.23 level would be expected following this bullish breakout. As long as that support holds, this bullish scenario would be intact.

After the first breakout, the price could retrace to the $2.3 resistance (now support) and then make its move to the $2.4 – $2.5 level as the first plausible target.

Meanwhile, a bearish scenario would see XRP dropping below the $2.12 support and dropping to around $2.03 – $2.06 in the near term.

The market structure is bullish at the moment as the price action is on an uptrend. Hence, the bullish scenario has the higher odds of both.

Momentum indicators have cooled in recent hours as the market enters a consolidation phase, with the upcoming U.S. session likely to inject the liquidity needed for a breakout — in either direction.

While traders await the next major move, top crypto presales like SUBBD are gaining steam, attracting fresh capital as overall sentiment shows signs of recovery.

SUBBD Raises More than $250K to Launch a Decentralized Content Distribution Platform

SUBBD (SUBBD) is positioning itself as a disruptive alternative to platforms like OnlyFans — offering creators more control, better earnings, and full ownership of their content through blockchain-based distribution.

The SUBBD token offers fans a way to access VIP content, early access to extra features, and discounts on subscriptions, among other perks. For creators, it allows them to vote on key governance decisions about the platform and access tools that help them monetize their AI-generated content.

The platform has already been embraced by thousands of influencers with a combined fan base of 250 million followers.

As SUBBD’s adoption accelerates, the demand for its utility token will too. At its discounted price of $0.05525, analysts coincide that its upside potential is huge as demand should skyrocket as the protocol becomes more and more popular among creators and fans.

To buy SUBBD, simply head to the SUBBD website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH for this token or use a bank card to make your investment.

The post XRP Price Prediction: How High Will This ‘Elliott Wave’ Impulse Push XRP? appeared first on Cryptonews.

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Bitcoin is currently trading below the $87,000 level, struggling to find momentum as bearish pressure and market volatility continue to create uncertainty. Despite attempts to stabilize, BTC remains under pressure, with traders looking for signs of a potential trend reversal or deeper correction.

On Thursday, US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve, a move that many believed would boost market confidence. However, Bitcoin fell after the announcement as the executive order failed to meet investor expectations, leading to further sell-offs and volatility. The market reaction suggests that traders were expecting more clarity on how the US government plans to manage and utilize the reserve.

Despite the price drop, key on-chain data from Santiment reveals that whales have accumulated over 30,000 Bitcoin in the past two weeks, signaling a strong buying trend. This suggests that large investors are positioning themselves for a potential market shift, even as BTC struggles in the short term.

Bitcoin Fundamentals Differ From Market Sentiment

Bitcoin is struggling to reclaim the $90,000 mark but continues to hold firm above $85,000, a critical support level that could serve as a definitive point of inflection if bulls fail to defend it. With market sentiment still bearish, BTC remains under pressure, unable to generate the momentum needed for a decisive breakout.

The decline in cryptocurrencies has mirrored the downtrend in U.S. stock markets as investors react to fears of a widening global trade war. Macroeconomic uncertainty, combined with ongoing regulatory concerns, has kept risk assets, including Bitcoin, in a volatile state. However, this turbulence could fade if upcoming developments, such as tax cuts and regulatory clarity, provide benefits for investors. These factors could serve as catalysts for renewed confidence in both traditional markets and crypto.

Despite the current weakness, top analyst Ali Martinez shared on-chain data from Santiment, revealing that whales have accumulated over 30,000 Bitcoin in the past two weeks. This strong accumulation trend stands in contrast to the broader market sentiment, which continues to send BTC toward lower levels.

Historically, whale accumulation is a bullish signal, as large investors typically buy during periods of fear and uncertainty to position themselves ahead of the next market move. If Bitcoin maintains support above $85,000 and whales continue to accumulate, a potential recovery could be on the horizon. However, if BTC fails to hold its current range, another leg down toward lower demand zones may follow.

With Bitcoin’s price action at a critical juncture, the coming days will be key in determining whether BTC can break out above resistance or if bears will regain control and push prices lower.

BTC Holding Above $85K

Bitcoin (BTC) is currently holding above $85,000 despite persistent selling pressure and bulls struggling to reclaim key resistance levels. The market remains highly uncertain, with BTC failing to confirm a move into higher supply zones or a breakdown into lower demand levels.

For bulls to regain momentum, Bitcoin must push above $90,000 with strength and aim for a quick move toward $100,000. A decisive reclaim of these levels would shift sentiment bullish and potentially trigger a new uptrend. However, without a clear breakout, BTC remains vulnerable to further downside pressure.

If Bitcoin fails to hold $90K and loses support at $85K, the market could see another wave of selling, leading to a drop toward $78,000 or lower. This level would be critical, as breaking below it could trigger panic selling and a more extended correction.

For now, traders are watching BTC’s ability to defend $85K and push higher. The next few days will be crucial in determining whether Bitcoin can reclaim key resistance levels or if bears will regain control and send the price lower. Uncertainty continues to dominate, keeping both bulls and bears on edge.

Featured image from Dall-E, chart from TradingView

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The Cardano price is currently eyeing an impulsive move to the upside following the invalidation of a bearish Relative Strength Index (RSI) divergence. In his analysis, crypto analyst Melika Trader revealed how high ADA could rally following this bullish channel formation. 

Cardano Price Eyes Impulsive Move To The Upside

In a TradingView post, Melika Trader predicted that the Cardano price could rally to between $0.90 and $0.94 as it eyes an impulsive move to the upside. The analyst observed that ADA recently experienced a sharp rally, breaking through resistance levels and establishing a new range. This could pave the way for the rally to these price targets. 

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Melika Trader further noted that a deceptive bearish RSI divergence was invalidated as the Cardano price continued its uptrend, confirming bullish momentum. Meanwhile, the analyst remarked that the ADA price is currently consolidating near the lower boundary of the parallel channel, suggesting a potential bounce from its current price level. 

In line with this, he stated that if the Cardano price respects the channel structure, then ADA could aim for the $0.90 and $0.94 range as the next resistance. Crypto analyst Ali Martinez also provided a bullish outlook for ADA, stating that the crypto looks ready to rebound as the TD Sequential indicator has flashed a buy signal on the 4-hour chart. 

Meanwhile, crypto analyst Paul stated that the nice Fibonacci count is working for the Cardano price with .618 higher lows. The analyst’s accompanying chart showed that ADA could reclaim the psychological $1 price level and rally to as high as $2.2 on the Wave 3 impulsive move to the upside. The chart also showed that ADA could then correct to as low as $1.2 before it reaches $3 on the Wave 5 impulsive move. 

Five Reasons Why ADA Can Reach $20 In This Market Cycle

In an X post, crypto analyst Sebastian outlined five reasons the Cardano price could reach $20 in this market cycle. The first is that Cardano could become a Bitcoin DeFi player, which is bullish for the ADA price. Secondly, if Cardano’s founder Charles Hoskinson becomes part of Donald Trump’s Crypto Advisory Council. 

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The crypto analyst also mentioned a Cardano ETF as one of the reasons he believes the Cardano price could reach $20 in this market cycle. Grayscale has already filed to offer one, which means that an ADA ETF could launch at some point. Meanwhile, the crypto analyst also mentioned Cardano’s potential partnership with Microsoft and the US Treasury being built on the Cardano blockchain as the fourth and fifth reasons ADA could reach $20. 

At the time of writing, the Cardano price is trading at around $0.8, up over 3% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Unsplash, chart from Tradingview.com