Ripple’s price has been trapped within a descending channel since December, with a recent drop to around $1.60 before rebounding. Now at $2.20, this upper boundary acts as resistance, pushing prices back down in previous attempts. 2023 is critical for XRP, and if it breaks through the resistance again, we could see a surge toward January’s high of $3.40. This would require continued bullishness in Bitcoin, which has already pushed past $94,000. Another key factor impacting XRP’s price is the ongoing legal battle with the SEC. Recent developments have shown promise: an agreement was reached for a 60-day pause starting April 16th on the appeal process to allow negotiations. This could remove a major cloud of uncertainty hanging over XRP since 2020. In our exploration of AI predictions, ChatGPT offered insights into potential price trajectories for May based on various scenarios: 1) Pessimistic – $1.40-$1.60; 2) Realistic – $2.00-$2.80; and 3) Optimistic – $3.20-$3.50. The AI highlights a range-bound scenario, with XRP staying within the descending channel unless significant news or Bitcoin movement disrupts the pattern. The upcoming month could decide XRP’s fate. A breakout above $2.20 could signal a strong run toward the $3.40 target, especially with continued positive momentum from Bitcoin and legal clarity on the SEC case. However, if XRP stays trapped in the descending channel, both the support at $1.60 and resistance around $3.40 will remain critical points to watch for traders. A significant news event could shift the narrative either way.