Saturday, July 26, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

XRP Eyes Macro Channel Breakout as Analysts Predict Potential Rally to $55

Jonathan Carls by Jonathan Carls
May 5, 2025
in Binance Feed, Market, News, Price Analysis
Reading Time: 4 mins read
XRP Eyes Macro Channel Breakout as Analysts Predict Potential Rally to $55
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • XRP analysts eye $17–$55 targets as historical Candle 5 pattern signals major breakout
  • Ripple clarifies missing XRPL ledgers, boosting trust and transparency in the blockchain
  • XRP holds $125B market cap despite 7% weekly dip, with investors optimistic on macro move

XRP is once again making waves in the crypto market as analysts turn their focus to a potential macro breakout. Egrag Crypto, a well-followed technical analyst, has highlighted a promising pattern unfolding on the monthly chart. 

According to his assessment, XRP has entered Candle 5 of a repeating sequence that, historically, leads to a substantial price surge. With current momentum and historical behavior aligned, the possibility of XRP hitting $17 or even higher is gaining traction.

Related articles

Trump’s DeFi Speculations Shake Crypto Markets Key Altcoins React

$175M in Insider Unlocks Set to Shake Crypto Market This Week

July 26, 2025
Crypto Market Sees Minor Pullback Amid Record Stock Highs, Small Caps Take the Spotlight

The Only 4 Crypto to Buy in This Market Dip (Reasons Explained)

July 26, 2025

#XRP – MACRO Channel ($17-$55) 💪:

We're currently in Candle number 5, and if history is any guide, we could be looking at a MEGA Monthly Candle! Following the same pattern, the target of $17 is definitely in play. 🔥

Now, let’s discuss the MACRO Channel breakout. The measured… pic.twitter.com/Qu7tYGG0fJ

— EGRAG CRYPTO (@egragcrypto) April 30, 2025

Macro Channel Hints at a Mega Move

Egrag Crypto’s analysis places XRP within a well-defined macro channel, suggesting long-term price movement between $17 and $55. These are not arbitrary numbers. Instead, they stem from measured move calculations based on previous breakouts. 

The upper bound at $55 might seem ambitious, but it is grounded in technical reasoning. As XRP continues to consolidate and respect key support zones, this projection remains on the table.

Besides the $55 target, Egrag emphasizes $27 as a personal milestone, planning to sell in increments as the price rises. This staggered approach to profit-taking reflects cautious optimism amid a volatile market. It also aligns with broader investor sentiment, which supports scaling out as prices rise to minimize risk.

Current Market Overview

At press time, XRP trades at $2.15, showing a modest decline of nearly 2% in the last 24 hours. Over the past week, the coin has slid by 7.28%, reflecting short-term market pressure. 

Even so, XRP maintains a strong presence with a market cap exceeding $125 billion and a circulating supply of 59 billion tokens. The recent dip has not dampened enthusiasm among long-term holders anticipating a major breakout.

Missing Ledger Mystery Finally Clarified

In a parallel development, Ripple’s CTO David Schwartz has addressed a long-standing concern about the XRP Ledger. The community has often questioned the absence of the first 32,569 ledger entries. 

We created many ledger streams in the process of testing and developing the software. In one of many streams, a software bug caused some ledgers (about ten days) to be lost. All but the first 32k or so were recovered. We expected the next ledger reset to make the issue…

— David 'JoelKatz' Schwartz (@JoelKatz) May 5, 2025

Schwartz explained that a bug during XRPL’s early testing phase caused the loss of those blocks. Contrary to speculation, the loss was unintentional and linked to technical errors during development.

Consequently, Ripple opted not to wipe the ledger again, which would have erased even more historical data. This transparency is crucial for bolstering trust in XRPL’s decentralization. The resolution of this issue removes a lingering shadow over XRP’s past, allowing investors to focus on future growth.

Tags: Price AnalysisRipple (XRP) News

Related Posts

Trump’s DeFi Speculations Shake Crypto Markets Key Altcoins React

$175M in Insider Unlocks Set to Shake Crypto Market This Week

by Munene Timothy
July 26, 2025

SUI leads weekly unlocks with $108M (0.85% of supply) on Aug 1, raising its total unlocked share to 34.57%. JUP...

Crypto Market Sees Minor Pullback Amid Record Stock Highs, Small Caps Take the Spotlight

The Only 4 Crypto to Buy in This Market Dip (Reasons Explained)

by Munene Timothy
July 26, 2025

Bitcoin rallies on $13.5B in institutional inflows and potential Fed rate cuts after Trump–Powell meeting ahead of July 29 FOMC....

XRP Price Forecast Can 1,000 Coins Hit $9,000 by 2026

XRP Price Forecast: Can 1,000 Coins Hit $9,000 by 2026?

by Jonathan Carls
July 26, 2025

XRP ETF filings from $240B firms mark a pivotal moment for institutional adoption. RLUSD's 604% surge boosts XRP use, with...

Breakout Watch XRP Consolidation Sparks Bullish Speculation Across XRPL Tokens

Breakout Watch: XRP Consolidation Sparks Bullish Speculation Across XRPL Tokens

by Veronicah Peninah
July 26, 2025

XRP’s price consolidation near $3.17, paired with increased volume and optimistic long-term targets, signals rising expectations for a major breakout....

XRP’s Utility Claims Shake as Health Firm Plans Real-World Payment and Collateral Use

XRP’s Utility Claims Shake as Health Firm Plans Real-World Payment and Collateral Use

by Munene Timothy
July 26, 2025

Wellgistics plans to use XRP for payments, capital raising, and as collateral, signaling real world corporate utility. Legal experts emphasize...

Load More

Recent News

  • $175M in Insider Unlocks Set to Shake Crypto Market This Week
  • The Only 4 Crypto to Buy in This Market Dip (Reasons Explained)
  • XRP Price Forecast: Can 1,000 Coins Hit $9,000 by 2026?
  • Breakout Watch: XRP Consolidation Sparks Bullish Speculation Across XRPL Tokens
  • XRP’s Utility Claims Shake as Health Firm Plans Real-World Payment and Collateral Use

Popular News

  • Solana SOL Has Just Reclaimed $7 Billion in DeFi TVL

    Solana: SOL Has Just Reclaimed $7 Billion in DeFi TVL

    232 shares
    Share 93 Tweet 58
  • Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

    200 shares
    Share 80 Tweet 50
  • KEKIUS Price Prediction for June 2025: Signs of Weak Momentum and Accumulation Battle

    198 shares
    Share 79 Tweet 50
  • Bitcoin and Ethereum Face Pressure as 2,500 BTC and 80,000 ETH Hit Exchanges Amid Political Fallout

    197 shares
    Share 79 Tweet 49
  • Market Analyst say XRP Could Finally Break Out of Its Current Consolidation in 2-4 weeks If It’s Following 2017

    196 shares
    Share 78 Tweet 49

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Trump’s DeFi Speculations Shake Crypto Markets Key Altcoins React
$175M in Insider Unlocks Set to Shake Crypto Market This Week
July 26, 2025
Crypto Market Sees Minor Pullback Amid Record Stock Highs, Small Caps Take the Spotlight
The Only 4 Crypto to Buy in This Market Dip (Reasons Explained)
July 26, 2025
XRP Price Forecast Can 1,000 Coins Hit $9,000 by 2026
XRP Price Forecast: Can 1,000 Coins Hit $9,000 by 2026?
July 26, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact