As the dark cloud of Donald Trump-imposed global tariffs cleared, the broader crypto markets have been enjoying a steady rebound rally since late April. Recently, the markets saw massive relief when Trump changed his mind on sacking FED Chair Jerome Powell, giving more clarity across crypto & stock markets.
Good Time For XRP Bulls To Come Back?
As the 3% upswing on Thursday pushed XRP back above $2.25, crypto market commentators are now assessing the odds of Ripple coin sliding through $3.40 to claim a new all-time record, given the favorable political landscape and growing institutional need for XRP Ledger.
Sponsored
For instance, technical analyst Egrag, alternatively known as Y, noticed their 81.5K followers on X about the fifth XRP price candle in the macro channel. The professional trader targets as much as $27, alluding to a similar Ripple coin price setup back in mid 2017, when the OG altcoin first took off.
Drawing parallels to historical XRP price movement, multiple XRP bulls of similar thinking see $17 as a realistic target if legal developments fall in place for the first XRP ETF, as well as SWIFT integration and a stronger governmental backing.
As Ripple coin (XRP) is among the carefully selected altcoins eligible for the United States Strategic Reserve, the 99 billion-capped altcoin could see eventual price appreciation from rising adoption in overseas markets, for example Japan.
The Asian country is moving to integrate the Ripple Ledger technology across most of their nationally-regulated banks, answering to the exploding popularity of the altcoin in the region.
Whatโs Next In Play For Ripple XRP Price
To reach the long-term goal of $17, XRP bulls will have a long distance to cover, as the popular cross-border altcoinโs market value is still below the mid-tier Bollinger Band (BOLL). Sitting at $2.22 after a slight intra-day market correction, XRP price bounced off from the low-tier BOLL band at $2.16, but is still 11 cents away from breaking the red-label band, which would confirm XRP bulls taking over the trading arena on Spot markets for a while.
Certainly, for the mega monthly candle to come up, other on-chain signals should turn bullish. As of now, most of these metrics bring about conflicting results, such as the True Strength Index (TSI) dwelling between 3.23 and -3.69, pinpointing market indecision.
Large money flows also donโt favor XRP bulls, as the Chaikin Money Flow (CMF) meter flashed below zero in the evening, after keeping the positive momentum since April 26, 2025. For the macro channel breakout to play out, the high trading volumes of multiple billions per day should be accompanied by strong buying power, which hasnโt arrived just yet.
On The Flipside
- Todayโs 3% uptick for the altcoin didnโt stop XRP bulls from getting wiped out on Derivatives markets, according to CoinGlass real-time data.
- The stats acknowledge that out of $5.15 million liquidations in 24 hours, $3.21 million were over-leveraged price positions by XRP bulls.
Why This Matters
Recognized as a mainstream cross-border transaction alternative, Rippleโs native coin nearly repeated its all-time peak of $3.40 at the beginning of this year, showcasing potential after a favorable ruling in the high-profile Ripple vs. SEC suit.
Discover DailyCoinโs hottest crypto news:
Sam Altmanโs World Launches in U.S., Teams Up with Visa, Tinder, and Razer
El Salvador Bets Big On Bitcoin, Still Buying Despite IMF Ban
