XRP Price Approaches Resistance of IDR33,990: Potential Breakout or Correction in April 2025?

Jakarta, Pintu News – The price of XRP XRP->Current XRP PriceRp 0Market Cap-Trading Volume-Circulating Supply- is again showing positive movement in the cryptocurrency market after successfully breaking through several important resistance levels. In recent times, XRP moved up past the resistance areas around Rp31,440 ($1.85 equivalent) and Rp33,110 ($1.95 equivalent), opening up opportunities for further gains.

Currently, XRP is trading above IDR32,290 ($1.90 equivalent) and above the 100-hour simple moving average (SMA). This movement suggests that buyer power is still dominating the crypto market for the time being.

Breakout Opportunity if it Breaks Rp33,990

In the latest technical analysis, the price of XRP managed to break the downtrend line at around IDR31,676 ($1,865 equivalent). After that, the price of XRP briefly printed the highest level around IDR35,547 (equivalent to $2,089) before a mild correction.

Currently, the biggest challenge for XRP price movement is the resistance around IDR33,990 ($2.00 equivalent). If the price manages to break and stay above this level, the opportunity to continue strengthening is getting bigger.

The next resistance is around Rp34,884 ($2.05 equivalent) to Rp35,547 ($2.088 equivalent). If XRP manages to break this level, the next target is Rp36,040 ($2.12 equivalent) to Rp37,389 ($2.20 equivalent), even the highest potential towards Rp39,405 ($2.32 equivalent) in the near future.

Also Read: Solana’s Whale Movement and Selling Pressure: What is the Impact on Crucial Support Levels?

Correction Risk if Failure to Break Resistance

Although bullish opportunities are still open, the risk of price correction still needs to be considered by crypto market participants. If XRP fails to pass the resistance of IDR33,990, a potential downward correction is quite possible in the short term.

Initial support is estimated to be around IDR33,570 ($1.975 equivalent). In case of further declines, the next support is around IDR32,290 ($1.90 equivalent), which is also close to the 50% retracement level of the previous upward movement.

If this support fails to hold, XRP price could move down to the Rp31,440 ($1.85 equivalent) area. The last key support was around IDR30,591 ($1.80 equivalent), which is an important boundary for crypto investors to watch for price movements.

Technical Indicators Show Mixed Conditions

In terms of technical indicators, the Moving Average Convergence Divergence (MACD) indicator for the XRP/USD pair began to show weakness in the bullish zone. This indicates that the momentum of the price increase is starting to slow down.

Meanwhile, the Relative Strength Index (RSI) indicator is still above the 50 level, indicating that market sentiment towards XRP still tends to be positive. However, market participants need to pay close attention to further developments, especially in the resistance and support areas mentioned.

XRP Price Outlook Amid Crypto Volatility

The cryptocurrency market, including XRP, is currently still in a phase that is heavily influenced by technical sentiment and external factors. The success of XRP in breaking through the major resistance at IDR33,990 will be a strong signal for the continuation of the bullish trend.

However, if it fails to break through these levels, a price correction could be the scenario to face in the short term. Therefore, crypto investors are advised to remain vigilant, maintain risk management, and keep a close eye on price developments in key areas.

Conclusion

The current price movement of XRP (XRP) shows interesting opportunities in the crypto market. A potential breakout above the resistance of IDR33,990 could pave the way for further gains towards higher levels. However, the risk of a correction remains to be watched out for, especially if selling pressure increases. This highlights the importance of technical analysis and prudent strategy in dealing with cryptocurrency market dynamics.

Also Read: Rounded Bottom Pattern in XRP Price: Recovery Signal or Correction Threat?

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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:

• Aayush Jindal/NewsBTC. XRP Price Eyes $2.0 Breakout, Rally Could Extend Further. Accessed April 11, 2025.
• Featured Image: Generated by AI