Ripple (XRP) price strengthens, will it continue to rise?

Jakarta, Pintu News – The cryptocurrency market has recently witnessed a significant rise in the price of Ripple (XRP), breaking through the $2.20 zone. Currently, Ripple (XRP) is consolidating around $2.280 and shows potential for further gains.

Ripple (XRP) Price Rebound

Ripple (XRP) started a decent wave of gains after successfully crossing the $2,150 and $2,20 resistance levels, following the footsteps of Bitcoin (BTC) and Ethereum (ETH). The rise took Ripple (XRP) past the $2,220 and $2,250 levels, marking the beginning of a significant increase.

After peaking at $2,294, Ripple (XRP) experienced a downward correction, breaking the $2,280 and $2,250 supports. However, the decline stalled at the $2,220 zone, which coincided with the 50% Fibonacci retracement level of the previous rise from $2,162 to $2,294.

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Technical Analysis and Support

Currently, Ripple (XRP) is trading above $2,220 and the 100-hour simple moving average. There is also a bullish trend line connected with support at $2,240 on the hourly chart of the Ripple (XRP)/USD pair. On the upside, Ripple (XRP) may face resistance near the $2.30 level.

The first major resistance is near the $2,320 level, followed by $2,350. If Ripple (XRP) manages to cross the $2,350 resistance, the price could head to $2,420 and possibly reach $2,450 or even $2,50 in the short term. The next big hurdle for buyers could be $2,620.

Potential Price Drop

If Ripple (XRP) fails to break the $2.30 resistance zone, there is a possibility that the price will drop again. Initial support lies near the $2.2450 level, with the next major support at $2.220. A downward break and close below the $2.220 level could lead to further declines towards the $2.20 support. The next major support lies in the $2,150 zone.

Conclusion

With strong technical support and positive momentum, Ripple (XRP) shows potential for further upside. Investors and traders should monitor the mentioned support and resistance levels to take informed trading decisions.

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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 Shows Strength at $2.20. Accessed on April 28, 2025
• Featured Image: Coinpedia