XRP bullish momentum does not show signs of slowing down
The XRP continues the wonderful upward trajectory, showing noticeable strength with continuous higher lows and higher. Recent price action shows stability, with consumers walking every sink, especially during April 12th when the XRP destroyed above $ 2.07 resistance with 240m in trading volume.
Market experts are increasingly relying on the future of the XRP, with some projecting target between $ 10- $ 20 in the coming months. The technical setup appears particularly compelling, with the XRP currently trading within an ascending triangle pattern that can trigger a move towards $ 2.40 if the resistance of $ 2.22 is damaged, according to technical review data of CoinDesk Research. It came as the XRP/BTC chart showing a bullish crossover preceding a 958% rally in 2017.
With the XRP now trading around $ 2.00 and showing signs of ongoing momentum, entrepreneurs are closely watching basic resistance levels. Broader market recovery provides additional tailwinds for potential additional acquisitions.
Technical assessments
- XRP showed the amazing strength, climbing from $ 1.93 to $ 2.24 (a range of 13.7%) in the scope of the reviewed period.
- Price action has formed a clear -up -to -higher lows and higher lows, establishing strong support of $ 2.08.
- The volume was significantly increased during major breakouts, especially during April 12th when the XRP broke above $ 2.07 resistance with a volume of 240m.
- Fibonacci’s 48-hour extension suggests potential targets at $ 2.28 and $ 2.35.
- The current integration between $ 2.13- $ 2.16 appears to form a bull flag pattern.
- Recent price action reflects stability, with consumers who continue to walk in the dips, indicating long -term bullish feelings.
- In the last 100 minutes, the XRP continued its bullish momentum with a known 0.77% gain from $ 2.143 to $ 2.160.
- A significant breakout occurred at 10:42 when the price advanced by $ 2.153 high resistance.
- The price action has formed an ascending channel with a support of $ 2.148 and resistance to $ 2.160.
- Volume spikes during upward movements prove the consumer’s belief, especially at 11:07 and 11:31 that exceeds when the volume exceeds 1.4m and 2.2m, respectively.
- XRP dropped 13.7% from $ 1.93 to $ 2.24, which established strong support to $ 2.08 with a significant breakout volume.
- The technical analysis shows the XRP forming a bull flag pattern with potential targets at $ 2.28 and $ 2.35 based on Fibonacci extensions.
- Crypto analyst Egrag Crypto recognizes a rare bullish cross between 55-week EMA and 155-week MA, suggesting potential for massive price growth similar to 958% rally following the same signal in 2017.
Denial: This article was formed using AI tools and our editorial team reviewed to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s entire AI policy. This article may include information from external resources, listed below as appropriate.
External Reference:
- Times tabloid, ”XRP chart signals parabolic surge towards this $ 70 timeline“Published April 12, 2025.
- Times tabloid, ”XRP price prediction for April 11, 2025“Published April 11, 2025.
- Times tabloid, ”XRP price prediction for April 13, 2025“Publishing April 13, 2025.
- Newsbtc, ”XRP targets $ 19 or $ 45 to possible top blow-off, analyst predicts“Publishing April 13, 2025.
- Coinpedia ”The next XRP targets, Elliot Wave review and many more“Published April 12, 2025.
