Ripple (XRP) Price Surges 30%: Will This Trend Continue? Check out the Analysis (4/2/25)

Jakarta, Pintu News – After experiencing a decline, the price of Ripple XRP->Current XRP PriceRp 0Market Cap-Trading Volume-Circulating Supply- is now showing significant gains. In the past few days, the price has surged more than 30%, breaking through key resistance and approaching the $3.00 threshold. This analysis will delve deeper into the current market dynamics and potential future price movements of Ripple (XRP).

Ripple (XRP) Price Rise

Ripple (XRP) price has recently started a strong recovery after bottoming out around $2.00. Like Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- and Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply-, Ripple (XRP) managed to form a strong base and initiate a significant uptrend. This rise was driven by the breakout above several key resistance levels, including $2.50 and $2.65, before finally reaching and testing the $3.00 level.

Also Read: Why is Ripple Still Fighting in Court Despite SEC Dropping Another Crypto Case?

Technical Analysis: Momentum and Resistance

After peaking at $3.00, the price of Ripple (XRP) is now in a consolidation phase. The price had dropped to the 23.6% Fibonacci retracement level of the rise from the $1.95 low to the $3.00 high. Currently, the price is moving above $2.75 and the 100-hour simple moving average. There is also a bullish trend line formed with support at $2.40 on the hourly chart of the XRP/USD pair. On the upside, the nearest resistance is at $2.90, with major resistance at $3.00.

Potential Barriers and Support

If Ripple (XRP) fails to break the $3.00 resistance zone, there is a possibility that the price will see another drop. Initial support lies near the $2.75 level, followed by major support at $2.62. A break below the $2.62 level could trigger a further decline towards the $2.50 support. The next critical support is at the $2.40 zone, which is also a trendline point.

Conclusion: Ripple (XRP) Price Outlook

Considering the current momentum and market structure, Ripple (XRP) has the potential to continue its rise if it can break the $3.20 resistance. The next move may be towards the $3.35 resistance and may even reach $3.42 or $3.45 in the short term. However, it is important to monitor technical indicators such as MACD and RSI which are showing a slowdown in momentum in the bullish zone.

Also Read: XRP Faces Hurdle at $2.4: Can Bulls Break Through? (4/3/25)

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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 Explodes to $3.00. Accessed on March 4, 2025
• Featured Image: Coingape