$XRP News: Ripple's CEO expects CLARITY Act by May and #Coinbase is activating $XRP Futures. Are the catalysts finally aligning? $XRP trades at $1.38 with RSI at 38 and exchange outflows spiking 35M tokens. Analysts target $1.87 by June. Key support, resistance, and May catalysts analyzed. #crypto

I noticed that a well-known XRP analyst named Jaidy posted an interesting analysis on the X platform. He says that the current setup on XRP might be strong enough to achieve a significant jump. The important thing here is that he sees a bullish divergence on the monthly timeframe — which he calls RSI bullish divergence — along with a strong retest of a trendline that has been extending for almost seven years. For those who don’t know: a bullish divergence occurs when the price makes a higher low while the (RSI) indicator makes a lower low. This usually indicates underlying strength even if the market appears weak on the surface. XRP has tested this long-term trendline as strong support, which makes the combination intriguing. The expected target? Jaidy says XRP could reach $5.32 if Bitcoin’s dominance begins to decline significantly. This would mean a market cap around $325 billion, roughly four times the current value of $85.25 billion. Currently, XRP is trading around $1.38, so there’s plenty of room for upward movement if this scenario plays out. Interestingly, this aligns with other analysts’ predictions about the altcoin cycle. In 2017, when dominance dropped from 95% to 37%, XRP surged over 70,000%. That cycle already saw a 600% increase from $0.49 to $3.66, but dominance has not yet collapsed structurally. If that happens by 2026, we could see a strong second wave. Of course, Jaidy also warns of an alternative scenario — what he calls the “Pink Box” or deep correction. But he emphasizes that the bullish divergence will remain valid even in that case, meaning the big opportunity might come in the next cycle rather than this one. Essentially, a winning scenario is still on the table one way or another.

I recently looked at the XRP chart and noticed something quite interesting. The current price is around $1.38, a significant drop from the peak of $3.6 in July last year, but by tracking its Elliott Wave pattern from 2022 onward, it seems like we are in a major correction rather than the final top. In fact, from the bottom of $0.28 in 2022, XRP has had a pretty impressive recovery. It reached $0.94 in July 2023 (after the SEC ruling), then climbed further to $3.4 earlier this year. If we apply Elliott Wave theory, we might be in Wave 4 or even Wave 2 of a larger structure. The tricky part is not knowing exactly where we are in this cycle. But the optimistic point is that whether it's Wave 4 or Wave 2, the macro targets still point toward around $15-$20. If it's Wave 4, the final Wave 5 will push it to that level. If it's Wave 2 within a larger structure, then the probability is even higher — possibly up to $29. Fibonacci extensions show $12.2 as an intermediate point, $17.69 close to expectations, and $29.37 as the long-term target if Wave 3 is strong. Anyway, XRP is not just stopping at $20 .