XRP Could Hit $30 Based on This Analysis

A recent analysis utilizing the Ichimoku Cloud indicator on the XRP/BTC trading pair indicates two potential price trajectories for XRP , contingent upon its interaction with key resistance levels in the coming months. Resistance Levels on the 3-Month Chart On the 3-month XRP/BTC chart, analyst Dr. Cat identifies a significant resistance zone. The Kijun Sen line, representing a key equilibrium point in the Ichimoku system, currently acts as a resistance barrier. Additionally, a pronounced bearish TK gap, defined by the vertical distance between the Tenkan Sen and Kijun Sen lines, suggests prevailing downward momentum. The Chikou Span, which lags 26 periods behind the current price, is positioned below previous candle bodies, indicating that historical price levels are also exerting downward pressure. $XRP / $BTC As you see, if the price attacks my 5200 target by June, the chance for a rejection (whether first or a final one) is around 90%. The reason is that the price must fight three obstacles at the same time: The quarterly Kijun Sen, bearish TK cross with decent gap… pic.twitter.com/AteoPtQBJ2 — Dr Cat (@DoctorCatX) May 5, 2025 Dr. Cat estimates a 90% probability that XRP will face rejection if it attempts to rally toward 0.00005147 BTC (approximately 5,200 satoshis) in the second quarter of 2025, particularly in June. Overcoming this resistance may require several quarters of consolidation, potentially extending over a year. Potential Breakout Indicated on the 1-Month Chart The 1-month XRP/BTC chart presents a similarly challenging resistance zone, with XRP attempting to move into a dense Kumo, or cloud, which serves as a barrier to price and momentum. Currently, XRP is situated within this cloud, lacking clear signs of a breakout. Notably, the upper boundary of this monthly Kumo aligns with the Kijun Sen from the 3-month chart, reinforcing the strength of this resistance area. Despite these challenges, the monthly chart offers some optimism. The forward-looking section of the Kumo is thinning toward the end of 2025, suggesting that XRP may find it easier to break through resistance in the fourth quarter. If XRP fails to make a decisive move in the near term, it may enter a period of extended consolidation. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Such consolidation could allow the TK gap to close, with the Tenkan Sen gradually rising and the Kijun Sen flattening or declining. This scenario would also enable the Chikou Span to move away from historical resistance levels, creating a more favourable structure for a potential breakout. Price Projections Based on Bitcoin’s Performance Dr. Cat outlines two primary scenarios for XRP’s price trajectory: Short-Term Rejection: If XRP attempts a breakout in the near term, particularly in May or June, it may encounter resistance around 5,200 satoshis (0.000052 BTC), leading to a potential local top between $4.50 and $6. Long-Term Breakout: Should XRP consolidate through the remainder of 2025 and break out in the fourth quarter, it could surge to 12,000 satoshis (0.00012 BTC). Assuming Bitcoin reaches $250,000 during this period, this would correspond to an XRP price of $30. If Bitcoin’s price is $100,000, XRP could reach $12. As of the latest data, XRP is trading at approximately $2.09, with Bitcoin priced around $94,462 These projections underscore the significance of XRP’s performance relative to Bitcoin and the importance of monitoring key resistance levels identified by the Ichimoku Cloud analysis. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Could Hit $30 Based on This Analysis appeared first on Times Tabloid .

Source: TimesTabloid