XRP Holds Support, Ready to Move to the Upper Level?

Updated

April 24, 2025

Gambar XRP Holds Support, Ready to Move to the Upper Level?

Jakarta, Pintu News – XRP recently managed to hold the critical low value area after printing a swing failure pattern, indicating a potential rotation towards higher levels. Although the setup looks promising, volume confirmation will be crucial to support this move.

Check out the full analysis here!

Introduction: Ripple (XRP) Market Conditions

Ripple is currently holding above the critical low value area around the $2 mark, forming a strong base after a swing failure pattern at $1.60.

The rejection of this low gives a bullish signal in the ongoing structure and sets up a potential move of 15% towards the high value area.

This area is in line with the descending channel resistance on the daily time frame that has defined price action over the past few months.

Also read: Top 3 Memecoins that went up this week, not PEPE?

Volume Analysis and Rotation Potential

Although the bullish reaction in the support area is quite strong, the volume profile gives a more cautious picture. Volume is still below average, and for this rotation to continue towards the canal resistance, a clear increase in volume is needed.

Historically, volume spikes have preceded moves towards resistance, and this remains a key factor to watch. If XRP continues near current levels without an increase in volume, the price may remain depressed and stuck in a downward channel.

Price Structure and Auction Market Theory

The current price structure of XRP is still showing a consolidation phase on the higher time frames, where the price action continues to respect the low and high value areas in a repetitive pattern. This ongoing price rotation is in line with the tenets of the auction market theory, which states that as long as support areas remain viable, high value areas will continue to be a natural magnet for prices.

However, it is important to understand that without a confirmed breakout from the current channel, the price will most likely remain moving within a limited range. This creates short to medium-term futures trading opportunities, but does not yet provide a clear long-term trend signal.

If XRP is able to hold above the low value area of around $2 and trading volumes begin to increase, then the potential for a move to the upper range of around $2.30 becomes even greater. This level also coincides with the 0.618 Fibonacci retracement point and the upper limit of the downtrend channel, making it an important technical target for many market participants.

Until there is a convincing breakout, the price rotation is expected to continue. Rejection from the upper area of the channel could trigger a drop back towards the low value area.

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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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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