Why the price of XRP could head towards $17 and even higher

After the last significant bullish surge at the end of 2024, the price of XRP has struggled to maintain its upward momentum. It has stabilized around the $2 mark, holding its ground as the broader market attempts to find direction. While some traders have turned to more trendy tokens, long-time XRP supporters believe that the story is not over yet. A few technical signals and bold predictions suggest that a much larger move may be underway for Ripple. In a video on the YouTube channel A Chain of Blocks, the host delivers a blend of irony, political commentary, and cryptocurrency analysis. The video opens with a sardonic take on how difficult April has been, filled with memes, sounds, and jokes about everything from Congress to convenience store clerks trying to impeach the president. But hidden among the political criticisms and cultural mockery is a serious look at XRP and the price target that might raise some eyebrows.

Referring to the initial macro chart incident shared by EGRAGCrypto, the host explained that XRP is currently in the so-called "fifth candle" on the macro chart. If XRP can break out of the current pattern, the measured move indicates a bullish potential up to 17 dollars. He even mentioned that the highest possible level could be $55, although personally he set a target of $27 as a take-profit level. Why the price of XRP at 17 dollars is not just a meme The Ripple price prediction is built on several technical signals. One of the biggest signals is the hidden bullish divergence on the two-week RSI and the stochastic RSI. According to the analysis, if the SRSI crosses above and holds above the 20 line for several weeks, that could serve as a strong bullish confirmation. However, there is still a risk of decline. If XRP falls below $0.29, the bullish divergence will no longer be valid and the breakout scenario will no longer exist. The XRP segment is just a part of the video, also delving into the technical structure of Bitcoin. The analyst notes that Bitcoin has surpassed an important random RSI level and is testing a declining expanding wedge. If Bitcoin breaks out, it could ignite a broader altcoin bullish trend, which will almost certainly also benefit the price of XRP. Despite its satirical content, the video still presents a focused technical perspective. The key point is that the price of Ripple may be on the verge of a significant breakout, but it all depends on a few important indicators that will hold in the coming weeks. So, will the price of XRP actually reach $17? That is not guaranteed, but according to A Chain of Blocks, the roadmap is there, it just depends on whether the market is willing to follow.