As of May 10, XRP hovers near $1.42 with a market capitalization of roughly $87.9 billion and daily trading volume exceeding $1 billion. The token, which ranks fourth by market cap with about 61.8 billion coins circulating, has seen slight gains over the past week. However, market participants remain split on the cryptocurrency’s next big move. Two distinct forecasts have emerged: one anticipating a deep macro floor around $0.93 and the other a short-term rally toward $1.45.
Crypto analyst EGRAG points to XRP’s weekly chart, which reveals a “diminishing downside” pattern beneath the 200-week simple moving average. According to EGRAG, historical cycle lows have formed approximately 60% and 40% below this moving average. Under this framework, the next significant bottom might occur roughly 20% below the 200 SMA, placing a potential floor near $0.93. EGRAG emphasizes that this is not a prediction but a probabilistic structural analysis, cautioning that the target depends on the 200 SMA’s trajectory, trendline strength, and broader market conditions.
On the other hand, analyst Ali Martinez presents a more immediate perspective. He notes that XRP triggered a TD Sequential buy signal on the 4-hour chart following a recent pullback from the $1.46 region. This signal suggests local exhaustion after the correction. If buyers manage to overcome overhead supply, the token could attempt a move back to $1.45, with a secondary target near $1.80. XRP has been trading sideways, and some traders continue to eye the $1.70 breakout zone.
It is important to note that these two views operate on different timescales. EGRAG’s $0.93 hypothesis is based on a longer weekly structure, while Ali’s buy signal captures a short-term rebound setup. Neither should be taken as investment advice; they serve purely as analytical perspectives for educational purposes.