Ripple (XRP) Price Continues to Strengthen, Targeting Higher Levels!

Jakarta, Pintu News – The price of Ripple (XRP) has recently shown a significant increase, breaking through the $2.250 zone and now hovers around $2.30. With this strong momentum, the opportunity to reach higher levels is wide open.

Ripple (XRP) Price Increase: An Analysis

The price of Ripple (XRP) had a good run-up after it managed to cross the $2.20 and $2.220 resistance levels, similar to what happened to Bitcoin (BTC) and Ethereum (ETH). The rise continued until the price reached above $2,250 and $2,30. The peak was recorded at $2,359 before a downward correction. Although the price briefly dropped below the $2,320 and $2,30 support levels, strong support remains in the $2,250 zone.

Also Read: XRP Surges to $2.32: Can it Survive Crypto Whale Selling Pressure?

Correction and Price Support

After reaching the top, Ripple (XRP) experienced a downward correction, breaking the 50% Fibonacci retracement level of the rise that started from a low of $2.2195 to a high of $2.359. However, the price managed to hold above the 76.4% Fibonacci retracement level, indicating strong support in the $2,250 zone. Currently, Ripple (XRP) is trading above $2,250 and the 100-hour simple moving average, with a connected bullish trend line supporting at $2,270 on the hourly chart of the XRP/USD pair.

Upside Potential and Resistance

If the price continues to move up, the first resistance it may face is around $2,3150. After that, the next major resistance is $2,350. If the price manages to break above $2,350, this could take Ripple (XRP) towards the $2,420 resistance, and possibly reach $2,450 or even $2,50 in the near future. The next big hurdle for the bulls is at $2,620.

Conclusion

With strong support and growing momentum, Ripple (XRP) shows great potential to reach higher price levels. Investors and traders should keep an eye on the support and resistance levels mentioned to take informed trading decisions.

Also Read: Is Bitcoin Miner’s Sales Hold a Good Sign?

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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 are subject to 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 Keeps Bullish Tone at $2.25. Accessed on April 29, 2025
• Featured Image: FinBold