Crypto market analyst Jason has released a new update outlining his expectations for XRP’s price trajectory in May. His assessment draws from multi-timeframe technical indicators and recent market behavior, suggesting that XRP could be gearing up for a significant price increase, provided it maintains key levels of support. Two-Week Chart Reveals Hidden Strength Jason’s analysis centers on the two-week XRP chart, which he describes as showing continued bullish potential. He noted that despite the weekly chart losing its earlier hidden bullish divergence, the two-week timeframe still reflects promising signs. Specifically, both the Relative Strength Index (RSI) and the Stochastic RSI (SRSI) demonstrate bullish divergence when compared to the coin’s price trend. He emphasized that a decisive move could occur if the SRSI crosses and sustains above the 20 level in the coming weeks. Such a development, he believes, would signal growing upward momentum and reinforce the case for a potential breakout. Support Zone Remains Critical Despite the optimistic outlook, Jason also highlighted the importance of monitoring downside risks. He warned that if XRP closes below $2.09 on the two-week chart, the bullish divergence would be considered invalidated. Should this occur, the price could return to a support range between approximately $1.12 and $1.61, an area he refers to as the “orange box.” This zone aligns with the 0.61 and 0.787 Fibonacci retracement levels, which are commonly used in technical analysis to identify reversal areas. Earlier this month, on April 7, XRP tested this region by dropping to $1.61 before rebounding to $2.36. At the time of reporting, XRP trades at around $2.23, reflecting a 2.6% daily decline. Indicators Point to Stabilization Jason also pointed out that XRP has experienced eight consecutive days of net capital outflows. However, he interprets this not as a cause for concern, but as a sign that the recent selling pressure may be diminishing. He believes this could signal market stabilization, potentially paving the way for the next major upward move. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 He predicts that XRP could reach $5 during May, a price that would represent a new all-time high. This target implies a 124% increase from its current level and would break a long-standing resistance that has persisted since early 2018. If this milestone is achieved, Jason believes XRP could move into double-digit territory later on. Profit-Taking Strategy and Long-Term Outlook In terms of personal strategy, the analyst revealed plans to take partial profits should XRP approach the $5 mark. He intends to sell half of his holdings at that price, redirecting those funds into stable assets such as real estate. Jason previously took 20% profits when XRP surpassed $3.30 in January 2025, a milestone he had been anticipating since the previous year. Despite this cautious approach, he maintains a long-term bullish perspective. He expects that XRP could eventually climb to a range between $16 and $36, driven by the continuation of a multi-year ascending trendline. To capture this potential upside, he plans to retain 10% of his XRP position. These projections represent gains of approximately 6 to 15 times the current price. While Jason remains optimistic about XRP’s long-term growth, he reiterates the importance of discipline and avoiding emotionally driven decisions in market participation. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Forecasts XRP Could Reach $5 By This Date appeared first on Times Tabloid .
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