XRP Current State: Price Consolidation and Potential Breakout Amid Ripple and SEC Deal

Jakarta, Pintu News – The cryptocurrency market is back in the spotlight after Ripple and the United States Securities and Exchange Commission (SEC) reached an agreement worth $50 million (around Rp841 billion), which has direct implications for the price movement of XRP.

In recent days, XRP has shown a price consolidation pattern that has caught the attention of analysts and investors. Although there is no definitive direction yet, a number of technical indicators are giving positive signals signaling a potential breakout in the near future.

XRP Price Movement: Stable, But Ready to Soar?

XRP is currently trading at $2.14 or around Rp35,965, with a market capitalization of $124 billion (Rp2,085 trillion). The last 24 hours of trading volume stood at $2.47 billion, indicating high market activity. The price fluctuates in a narrow range between $2,103 (IDR35,370) to $2,185 (IDR36,704), signaling a consolidation phase in the short term.

The one-hour chart shows the price of XRP in a sideways zone between $2.13 and $2.18. Despite several attempts to break through $2.18, strong selling pressure held back the upside. The declining trading volume reflects the “coiling” phase – often the start of a significant price breakout. Under these conditions, short-term traders often look for opportunities with a strategy of buying near $2.13 and selling in the $2.18-$2.20 area.

Read More: Market Volatility: Mantra Token Plummets 90% in an Hour, Here’s the Explanation

Technical Analysis: Between Bullish Signals and Consolidation

On the four-hour chart, XRP recorded a breakout to $2.25 (IDR 37,345), but failed to maintain its upward momentum and entered a consolidation phase again. The emerging chart pattern resembles a bullish flag or pennant, which is a formation that generally indicates a continuation of the trend if accompanied by increased trading volume. If XRP is able to break the $2.25 resistance with strong volume, the potential upside to $2.40 (IDR39,996) becomes very possible.

Meanwhile, the daily chart shows a strong rebound from the local low of $1,611 (IDR27,080), stabilizing in the $2.10-$2.20 area. The presence of bullish candlestick patterns such as engulfing and doji near the support level supports a short-term reversal opportunity. The strong resistance level is at $2.59 (IDR43,585), while the $1.90-$2.00 area (IDR31,958-Rp33,640) could be an attractive entry point for medium to long-term investors.

Market Indicators: Mixed Sentiment, but Strong Underlying

The oscillator shows the market is in neutral. The relative strength index (RSI) at 49.7 indicates that there is no dominant buying or selling pressure. The stochastic oscillator and CCI are also in neutral territory. While the momentum indicator is showing a slight bearish signal, the MACD indicator is giving a bullish signal, reflecting short-term directional disagreement.

Short-period moving averages such as the EMA and the 10-day and 20-day SMAs show an upward trend. However, the medium-period moving average, the 30-day, is signaling bearishness. Interestingly, long-term indicators such as the EMA and 200-day SMA are again showing positive signals. This suggests that despite the medium-term uncertainty, XRP’s long-term foundation remains strong.

Potential Direction of Movement: Breakout or Correction?

In terms of technical analysis, XRP is in a condition that describes a market that is waiting for confirmation of direction. If the price manages to break the $2.25 resistance zone with high volume support, then the potential to reach the $2.40 level is very open. However, if it fails, selling pressure could drag the price back to the $2.00 level or lower.

The ongoing consolidation could be an important moment for investors to observe further signals. With the positive sentiment from the settlement of Ripple’s legal case and bullish short-term technical signals, breakout opportunities remain open despite the risk of correction.

Conclusion

The XRP price is currently in a crucial phase that determines the direction of its next move. Market sentiment and technical indicators provide mixed views, but the trend towards a bullish direction remains visible. For investors, it is important to pay attention to trading volume and key resistance levels to determine the next move. Amidst regulatory developments and increased market confidence, XRP remains one of the most interesting crypto assets to follow.

Also Read: Will the Ripple vs SEC Case Be Resolved Soon? Check out the Expert Review!

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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:

• Bitcoin.com News. Ripple v. SEC XRP Lawsuit on Hold as $50M Deal Progresses. Accessed April 17, 2025.
• Featured Image: XRP