The post Will XRP Price Hit $20 If XRP Strategic Reserve is Approved appeared on BitcoinEthereumNews.com.

XRP price could soar to $20 if Ripple’s leadership aligns with Binance’s CZ, who predicts $1M Bitcoin surge soon. Moreover, as reported by Coingape, there is a possibility we have a XRP strategic reserve similar to Bitcoin reserve in 2026. XRP Price Forecast Today: Bulls Eye Recovery to $2.33 as Trendline Support Holds XRP price is trading at $2.12, marginally down 1.49% on the day, but remains structurally bullish despite the recent retracement. As seen in the XRPUSD daily chart below, XRP price consolidating just above its ascending trendline support, a critical level that has sustained the broader uptrend since late March. A retest of the $2.08 support level on Wednesday, coinciding with the trendline and 100-day SMA, suggests that bulls are defending this zone with conviction, preventing a deeper breakdown toward $1.90. XRP Price Forecast Today The daily chart shows XRP remains wedged between the 50-day SMA at $2.17 and the lower support band, setting the stage for a technical pivot. While the recent pullback pierced below both the 10-day and 21-day EMAs, the price has not formed a lower low, suggesting the uptrend remains intact. XRP price forecast today remains bullish if support at $2.08 holds and price breaks above the $2.17 level again, which would likely trigger a short-covering rally toward the $2.33 resistance, the next key supply zone marked by the 200-day moving average. Conversely, failure to reclaim $2.17 in the coming sessions would shift the near-term risk back to $2.00 and possibly $1.90. Ripple price set for parabolic rally as Changpeng Zhao says Bitcoin will hit $500,000 – $1 million Ripple (XRP) bulls gained momentum Tuesday after Binance founder Changpeng Zhao predicted Bitcoin will eventually hit $500,000 to $1 million. Speaking during a recent interview, CZ cited growing institutional interest and US state-level crypto reserve…

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Filed under: News - @ May 8, 2025 6:22 am