XRP’s optimistic momentum shows no signs of slowdown
XRP continues its impressive ascending trajectory, demonstrating remarkable force with ever higher highest stockings and highs. The recent price action shows resilience, buyers involved in each drop, especially during the overvoltage of April 12 when XRP exceeded the resistance of $ 2.07 with 240 m in negotiation volume.
Market experts are increasingly optimistic about the future of XRP, with certain projection objectives between $ 10 and $ 20 in the coming months. The technical configuration seems particularly convincing, XRP is currently negotiating in an upward triangle model which could trigger an evolution around $ 2.40 if the resistance of $ 2.22 is raped, according to the technical analysis data of Coindesk Research. This occurs while the XRP / BTC graph shows a Haussier crossover which preceded a rally of 958% in 2017.
With XRP now a merchant about $ 2.00 and showing continuous impetus signs, traders look closely at the keys to resistance levels. The larger recovery of the market provides additional tail winds for potential additional gains.
Strengths of technical analysis
- XRP demonstrated a remarkable force, going from $ 1.93 to $ 2.24 (a range of 13.7%) on the beach of the period analyzed.
- Prices’ action was a clear upward trend with higher hollows and higher highs, establishing solid support at $ 2.08.
- The volume increased considerably during key eruptions, especially during the overvoltage of April 12, when XRP exceeded the resistance of $ 2.07 with a volume of 240 m.
- The 48 -hour fibonacci extension suggests potential objectives at $ 2.28 and $ 2.35.
- The current consolidation between $ 2.13 and $ 2.16 seems to form a model of bull flag.
- A recent prices’ action shows resilience, buyers are constantly involved in declines, indicating a sustained bullish feeling.
- In the last 100 minutes, XRP continued its bullish momentum with a significant gain of 0.77% from $ 2,143 to $ 2,160.
- A significant escape occurred at 10:42 am when the price jumped by a resistance of $ 2,153 with a high volume.
- The price action has formed an upward channel with a support at $ 2,148 and resistance at $ 2,160.
- The tips of volume during the ascending movements confirm the buyer’s condemnation, in particular during the increases of 11:07 and 11:31 when the volume exceeded 1.4 m and 2.2 m, respectively.
- XRP drops from $ 1.93 to $ 1.93 to $ 2.24, establishing solid support at $ 2.08 with key large -volume support ratings.
- Technical analysis shows that XRP forming a Taurus flag model with potential targets at $ 2.28 and $ 2.35 on the basis of Fibonacci extensions.
- The Crypto Egrag Crypto analyst identifies a rare bullish crossing between the 55 -week EMA and the 155 -week MA, suggesting a massive growth potential of prices similar to the 958% rally according to the same signal in 2017.
- XRP jumped by 13%, while Coindesk20 – A larger digital asset market index – ROSE 8.3%.
Warning: This article was generated with AI tools and examined by our editorial team to guarantee accuracy and membership of our standards. For more information, see the complete Coindesk AI policy. This article may include information from external sources, which is listed below if necessary.
External references:
- Times Tabloid, “The XRP graph reports a parabolic thrust around $ 70 this calendar”, published on April 12, 2025.
- Times Tabloid, “Prix prediction XRP for April 11, 2025”, published on April 11, 2025.
- Times Tabloid, “Prix prediction XRP for April 13, 2025”, published on April 13, 2025.
- Newsbtc, “XRP targets $ 19 or $ 45 in possible stopover, the analyst predicted”, published on April 13, 2025.
- Coinpedia, “XRP Price Next Targets, Elliot Wave Analysis and more”, published on April 12, 2025.
