Ripple (XRP) Price Fails to Break $2, Will it Continue to Fall in April 2025?

Jakarta, Pintu News – In recent trading, the price of Ripple experienced a sharp decline below the $1.750 zone and briefly touched $1.60. Currently, the price is trying to recover its losses but faces hurdles near the $2.00 level.

Resistance on the Threshold of $2.00

Ripple (XRP) failed to hold above the $2.00 level and followed in the footsteps of Bitcoin and Ethereum declines. The price dropped below the $1.950 and $1.80 support levels. There was a recovery above the $1.750 and $1.720 levels, but the price dropped back below $1.650, recording a low of $1.610 before attempting to recover its position.

Currently, Ripple (XRP) price is trading below $1,950 and the 100-hour simple moving average. On the upside, the price may face resistance near the $1.9350 level. There is also a bearish trend line formed with resistance at $1,935 on the hourly chart of the XRP/USD pair.

Also Read: Bitcoin (BTC) is recovering, but big hurdles still loom in April 2025

Price Increase is Hindered

This trend line is adjacent to the 61.8% Fibonacci retracement level of the move down from the $2,168 high to the $1,610 low. The first major resistance is near the $2,00 level. If the price manages to cross the resistance at $2,050, it could push the price towards $2,120. Further upside might take the price towards $2,150 or even $2,1650 in the short term. The next big hurdle for the buyers is at $2,20.

Potential for Further Decline

If Ripple (XRP) fails to break the $1,950 resistance zone, the price could drop again. Initial support on the downside is near the $1,850 level. The next major support is near the $1.80 level. In case of a downside breakout and close below the $1.80 level, the price may continue to drop towards the $1,740 support. The next major support is at the $1,650 zone.

Technical Indicators

The hourly MACD for XRP/USD is currently showing increased momentum in the bullish zone. The hourly Relative Strength Index (RSI) for XRP/USD is now above the 50 level. The key support levels are at $1,850 and $1.80, while the key resistance levels are $1,950 and $2.00.

Conclusion

The current price dynamics of Ripple (XRP) suggests that $2.00 is a critical level that is difficult to break. In the presence of strong selling pressure below this level, the chances for a full price recovery still look hazy. Investors and traders should monitor technical indicators and key support levels to make informed trading decisions.

Also Read: First XRP ETF in the US Launched, Provides New Investment Opportunities!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. XRP Price Recovery Fades, $2.00 Next?. Accessed on April 8, 2025
• Featured Image: Generated by AI