XRP’s price action has been dynamic in recent weeks, and as we enter April 2025, traders are keenly analyzing its movements. The cryptocurrency market is notoriously volatile, with XRP showing both sharp increases and declines. Understanding key support and resistance levels is crucial to predicting its next move.
XRP has been in an overall uptrend, recently hitting a high of $3.02 before pulling back. The 200-week moving average between $1.75 and $1.80 is a critical support level. If XRP stays above this zone, it is likely to continue its bullish path. However, a break below this support could signal a deeper correction.
The daily chart reveals a developing head and shoulders pattern, often associated with bearish reversals. If XRP fails to hold above $2.00, the next possible support is near the $1.85 mark, aligned with the 61.8% Fibonacci retracement. If it breaks through the $3.00 resistance, the bearish signal would be invalidated, and XRP could resume its upward trend.
On the 4-hour chart, a rounded bottom formation is emerging, indicating potential accumulation. After bouncing from $2.35 to $2.51, XRP could face resistance between $2.52 and $2.55 if the buying pressure holds. A drop below $2.38, however, could trigger a bearish shift, leading to a decline in price.
XRP is likely to trade between $2.40 and $2.65 in the first week of April. A bullish breakout above $2.65 could lead to a test of $2.80. On the downside, selling pressure might drive XRP back to the $2.30–$2.35 range.
XRP’s movement in early April will depend on its ability to hold key support and resistance levels. With optimism from the SEC vs. Ripple case resolution, XRP could see further gains, but caution is advised as market conditions evolve.
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 X, Facebook, Telegram, and Google News
Relying on Ethereum (ETH) market analysis and XRP chart trends alone may not be enough…
While much of the cryptocurrency market continues to struggle under bearish pressure, some analysts remain…
The crypto world is notorious for its constant turnover — tokens often skyrocket to popularity…
Chainlink (LINK) is making headlines with its recent addition to PayPal and Venmo’s cryptocurrency offerings,…
XRP’s recent price behavior suggests that the asset is entering a critical phase, with technical…
XRP is showing signs of life after a recent decline, closing the daily session at…