Ripple (XRP) has been moving within a downward channel since December. In the last low swing, the XRP price dropped around $ 1.60. That level acts as the basis of the pattern and the price is fast from it.
So far, the XRP is trading near $ 2.20 at the time of this post, very close to the upper channel border. This upper boundary continues to act as a resistance and pushes the price back to previous attempts.
So, we're at a critical point. If the XRP is rejected again at the top of the pattern, the price can be returned to a $ 1.60 area, or even lower. But if the general crypto market stays bullish, especially with the continued positive momentum of Bitcoin, the XRP can eventually break this pattern and increase the advancement. In that case, returning to January High around $ 3.40 is possible.
The BTC trades around $ 94,000 to this day, and if it breaks above the psychological $ 100k mark, it can lift the entire Altcoin market including Ripple.
Another major influence on XRP prices today is the Ripple case compared to the SEC. Recent developments are stimulating. A 60-day pause has been granted in the appeal process beginning April 16, 2025, to allow negotiations negotiations.
Both parties have reached a “principle agreement,” and the SEC is expected to provide an update status in mid-June. If they settle, it can remove one of the largest clouds hanging on XRP since 2020.
With all this in mind, we asked ChatGPT to give us Ripple price predictions for May. Here's what we got:
Pessimistic Scenario: $ 1.40 – $ 1.60
In a bearish case, the XRP can decline at $ 2.20 and return to the base of the downward channel. If there is another delay or setback in the case of the SEC, or if bitcoin fails to maintain its momentum.
XRP can still break below $ 1.60. A collapse of $ 1.40 support is possible, especially if the legal situation is re-eliminated and settlement talks are separated.
Realistic scenario: $ 2.00 – $ 2.80
With a more neutral outcome, the XRP can remain within the descending channel and trade on the sides. This means bouncing between $ 2.00 and $ 2.80 throughout May, depending on short-term news, ETF gossip, or minor bitcoin movements.
It is not excessively bullish or bearish, stable, just a scope of price unless a major scale event tip.
Optimistic Scenario: $ 3.20 – $ 3.50
If Bitcoin has broken the past $ 100,000, and the ripple-sec case has reached a settlement, XRP can explode from the downward channel. That will bring a breakout rally towards the high January of $ 3.40 or even linger to $ 3.50.
Optimizing around a potential ETF approved of ETF, or even increased institutional volume from futures products, can further control this rally.
Also read: How high is the XRP price to sink if the ripple reaches Swift?
May is shaping up to be one of the most important months for Ripple over the years. A breakout above $ 2.20 can be the beginning of a strong running towards $ 3.40, especially at the rally and legal clarity of Bitcoin.
But as long as the XRP remains trapped on the descending channel, both the $ 1.60 support and $ 3.40 resistance are the main levels to watch. Entrepreneurs should remain alert, as a big news story can flip the script in either direction.
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