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Cryptocurrency News Articles
XRP Price Prediction: Will XRP Pop Above Resistance Targeting $2.35-$2.59?
Apr 16, 2025 at 08:10 am
On April 14, 2025, XRP is trading for $2.14 per unit with a market capitalization of $125 billion and a 24-hour trading volume of $3.42 billion
On April 14, 2025, XRP is trading for $2.14 per unit with a market capitalization of $125 billion and a 24-hour trading volume of $3.42 billion. The crypto is fluctuating between $2.09 and $2.18 in a tight, volatile range, hinting at a coiled breakout setup.
XRP
XRP’s 1-hour chart from the AvaTrade platform displays a consolidation phase occurring between $2.12 and $2.18. This range-bound movement follows a recent high of $2.25, with support repeatedly tested at $2.08. Volume is decreasing during pullbacks, indicating that sellers are weakening and paving the way for a potential bullish breakout.
Traders can focus on a scalping opportunity around $2.12 to $2.14 if the lower bound of the range holds. A push above $2.18 with significant volume could confirm a breakout, targeting resistance at $2.22 to $2.25.
On the 4-hour chart, XRP continues to maintain a bullish structure with higher lows since the swing low of $1.72 on April 9. The asset rallied to a swing high of $2.25 by April 13 on strong volume, showcasing buyer conviction.
The current price action shows a gradual grind upward with smaller-bodied candles and fading volume as the asset consolidates after a significant move. For entry strategies, traders can buy near the $2.05 to $2.10 zone if it holds firm. More aggressive traders might enter on a breakout above $2.26 with volume confirmation.
Looking at the daily chart, it showcases a broader recovery narrative after a substantial pullback to $1.61. From that low, a bullish engulfing pattern emerged on high volume on March 27, suggesting a potential trend reversal.
Since then, XRP has been consolidating between $1.90 and $2.20, forming a base structure. The price is currently at $2.14, recovering from the recent low and testing the upper bounds of this base. A breach below $1.90 would invalidate this bullish setup, showcasing a tighter time-frame.
Oscillator indicators present a largely neutral picture for XRP. The relative strength index (RSI) is at 49.91675, signaling market equilibrium. The Stochastic is high at 83.83288, but also neutral, suggesting potential overbought conditions without confirmation. The commodity channel index (CCI) at 32.33855 and the average directional index (ADX) at 22.59477 both indicate a non-trending market. The awesome oscillator shows a mild negative reading at -0.12843, reflecting weak momentum, while the momentum (10) indicator has a slight bearish bias with a -0.01428 value. Only the MACD level, at -0.06332, shows a buy signal, hinting at the possibility of upward momentum building beneath the surface.
Moving averages (MAs) provide a mixed but slightly bullish long-term bias. Shorter-term indicators such as the exponential moving average (EMA) and simple moving average (SMA) over 10 and 20 periods all register positive signals, suggesting recent bullish price action is being maintained. However, the 30, 50, and 100-period exponential and simple moving averages all flash ugly signals, indicating that mid-term trend momentum is still in the correction phase. Notably, the 200-period EMA at 1.95472 and SMA at $1.89673 both issue favorable conditions, highlighting long-term bullish support. This divergence across timeframes signals a market at a critical juncture where short-term bullishness must overcome mid-term resistance to sustain its upward trajectory.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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