TLDR
- XRP price has moved above $2.00, reaching a high of $2.24 before correcting slightly
- Currently trading around $2.14, showing a 1.41% gain on April 14
- Technical indicators suggest bullish momentum with support at $2.10 and resistance at $2.20
- Analysts predict potential 30% move to $2.60 if current support levels hold
- Long-term predictions suggest XRP could reach $5.50 by late 2025 if momentum continues
XRP price is showing renewed strength as it maintains its position above the crucial $2 mark. The cryptocurrency recently began a fresh increase, climbing past several key resistance levels and sparking optimism among traders about potential further gains in the near term.
The digital asset rose 1.41% on April 14, demonstrating market optimism despite broader uncertainties in the cryptocurrency space. This upward movement follows a larger 14.28% rebound that occurred last Wednesday when XRP broke past the 200-day Exponential Moving Average (EMA) at $1.95.
XRP started its recent climb by moving above the $1.980 and $2.050 resistance levels. It formed a high at $2.24 before entering a period of downside correction. Despite this pullback, the price has managed to stay above key support areas.
Technical Indicators Point to Bullish Outlook
Currently, XRP is trading above $2.10 and the 100-hourly Simple Moving Average. Technical analysis reveals a connecting bullish trend line forming with support at $2.10 on the hourly chart of the XRP/USD pair.
The MACD indicator for XRP/USD is gaining pace in the bullish zone, while the Relative Strength Index (RSI) remains above the 50 level. These indicators suggest positive momentum is building for the cryptocurrency.
On the daily chart, the RSI stands at 50 and is pointing upwards toward its middle level. Sustained RSI readings above 50 are considered essential for continuing the present recovery upswing toward broader targets.
Key Support and Resistance Levels
The price may face initial resistance near $2.1680, with the first major resistance level positioned at $2.20. Beyond that, $2.250 represents the next significant hurdle for XRP.
If XRP can break above $2.250, it could potentially target the $2.320 level or even push toward $2.450 and $2.50 in the near term. The next major barrier for bulls might be at $2.550.
On the downside, initial support can be found near the $2.10 level and the trend line. The next major support sits at around $2.080, corresponding to the 50% Fibonacci retracement level of the upward move from the $1.920 swing low to the $2.244 high.
Should XRP fail to maintain these support levels, it might decline toward the $2.00 support, with the next major support area positioned near $1.920.
Analyst Predictions and Future Outlook
Market analysts are watching XRP’s performance closely. Noted analyst Ali Martinez has indicated that XRP is displaying bullish signs as it maintains its position above the important $2 mark.
If $XRP can stay above the key $2 level, a 30% move toward the channelâs upper boundary at $2.60 could be next! pic.twitter.com/tBXV0Y28De
— Ali (@ali_charts) April 5, 2025
According to experts, if XRP continues to hold above current support levels, there could be a potential 30% move to the upper end of its present channel at $2.60. This would represent a strong momentum move for XRP over the coming days.
Looking further ahead, XRP’s next significant milestone would be breaking above $2.40, which could potentially lead to a rally toward the $3 mark.
For the longer term, some analysts believe that if momentum continues and macroeconomic conditions remain favorable, XRP could climb as high as $5.50 by late 2025. This target was previously predicted by Standard Chartered.
However, caution remains as open interest in XRP declined by 3.78% according to Coinglass statistics. This decrease reflects dwindling market activity, with some traders closing their positions due to uncertainty.
As the market continues to evolve, traders are advised to monitor key resistance and support levels. Whether XRP surges further or retreats, market participants should stay alert and navigate with caution as the year progresses.
The cryptocurrency’s price action in the coming days will be critical in determining whether it can break above current resistance levels and continue its upward trajectory toward the targets predicted by market analysts.
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