TLDR
- XRP currently trading at $2.08, up 13.7% from last week’s low of $1.93
- Bulls need to break $2.15 resistance for potential targets of $2.28 and $2.35
- Ripple’s $1.25 billion Hidden Road acquisition aims to integrate XRP into traditional finance
- RLUSD stablecoin expanding with $244 million market cap since December launch
- Whale addresses have accumulated 1.63 billion XRP tokens during the recent downturn
XRP has been showing strength in recent trading sessions, currently holding at $2.08 after climbing 13.7% from last week’s low of $1.93. The price action has formed what traders identify as a bull flag pattern, which typically signals a continuation of the upward momentum.
Technical analysis shows XRP is now maintaining support at the $2.08 level. If bulls can overcome the key resistance at $2.15, analysts suggest potential breakout targets of $2.28 and $2.35, which align with Fibonacci extension levels.
The cryptocurrency is currently trading in a tight range, caught between the $2.04 support and $2.15 resistance. It briefly tested the 50-period exponential moving average but failed to maintain position above it, while the MACD indicator has recently turned bearish, suggesting some hesitation in the market.
Despite these short-term indicators, the long-term trendline remains intact. Traders are watching for a breakout above $2.15, which could put higher targets of $2.18 and $2.24 in play.
Ripple’s Strategic Moves Bolster XRP Utility
Ripple’s recent business developments have added a layer of fundamental strength to XRP’s market position. The company’s $1.25 billion acquisition of prime broker Hidden Road represents a major push toward institutional adoption.
Hidden Road is a key player in institutional finance, clearing over $10 billion in daily transactions. This acquisition aims to integrate the XRP Ledger into legacy finance systems.
The integration could potentially reduce settlement times from 24 hours to just 3-5 seconds, positioning XRP as a serious contender for institutional-grade settlement solutions.
Complementing this acquisition is Ripple’s RLUSD stablecoin, which is fully backed by USD deposits and cash equivalents. Since its launch in December, RLUSD has achieved a market cap of $244 million.
RLUSD is now being incorporated into Hidden Road’s collateral services, extending Ripple’s reach into cross-border payments. This development bridges the gap between digital assets and traditional finance, potentially increasing demand for XRP as a settlement solution.
Investor Accumulation During Price Dip
While XRP has faced price challenges in recent months, data suggests investors view the current levels as an accumulation opportunity. According to Santiment data, both retail and whale investors have been adding to their holdings during the downturn that began in February.
Addresses holding between 1,000 to 100,000 XRP and those with 1 million to 100 million XRP had a combined balance of 21.23 billion tokens at the beginning of February. This figure has now grown to 22.86 billion, representing an addition of 1.63 billion XRP tokens worth over $3.2 billion.
The cryptocurrency experienced a 29% drop in February 2025, marking its largest monthly decline since June 2021. March saw smaller losses of 2.56%, while April has so far recorded a minor decline of 0.26%.
If April closes negative, it would mark XRP’s first streak of three consecutive monthly declines since the 2022 crypto market downturn.
Despite these challenges, XRP has shown resilience by maintaining its position above the $2 mark, with a slight gain of 0.3% year-to-date.
Some market analysts hold optimistic long-term price projections for XRP. Analyst EGRAG has suggested a potential target of $27, while others have proposed more ambitious figures in the $100 range, though such targets would require gains of 4,900% from current levels.
More conservative estimates from market resource Changelly suggest XRP could reach the $100 price point between 2034 and 2040.
For traders looking at more immediate opportunities, a suggested trade setup includes a buy entry upon a break and close above $2.15 with volume confirmation. Initial target stands at $2.18, with an extended target of $2.24 and a stop loss placed below $2.04.
An alternative entry strategy involves buying on dips if the $2.04 support level holds and positive momentum returns.
As with all cryptocurrency investments, traders are advised to wait for confirmation before entering positions, as false breakouts are common in the crypto market, especially around major news events.
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