XRP’s bullish impulse shows no deceleration signs
XRP continues its impressive ascending trajectory, demonstrating a remarkable force with consistently higher and higher minimums. The recent price action shows resilience, and buyers intervene in each fall, particularly during the April 12 increase when XRP broke over $ 2.07 resistance with 240 m in negotiation volume.
Market experts are increasingly optimistic about XRP’s future, with some targets projected between $ 10 and $ 20 in the coming months. The technical configuration seems particularly convincing, with XRP that is currently quoted within an ascending triangle pattern that could trigger a movement towards $ 2.40 if the resistance of $ 2.22 is violated, according to the technical analysis data of COINDESK Research. This comes when the XRP/BTC chart shows a bullish crossover that preceded a 958% rally in 2017.
With XRP now quoting around $ 2.00 and showing signs of continuous impulse, merchants are closely observing the key levels of resistance. The broader market recovery provides additional tail winds for potential additional profits.
TECHNICAL ANALYSIS
- XRP has demonstrated a notable force, rising from $ 1.93 to $ 2.24 (a range of 13.7%) during the range of the period analyzed.
- The price action formed a clear bullish trend with higher and higher minimums, establishing strong support in $ 2.08.
- The volume increased significantly during the key shoots, particularly during the increase of April 12 when XRP broke above the $ 2.07 resistance with a volume of 240 m.
- The 48 -hour Fibonacci extension suggests possible objectives at $ 2.28 and $ 2.35.
- The current consolidation between $ 2.13- $ 2.16 seems to be forming a bull flag pattern.
- The recent price action shows resistance, and buyers constantly intervene in falls, indicating a sustained upward feeling.
- In the last 100 minutes, XRP continued its bullish impulse with a notable gain of 0.77% of $ 2,143 to $ 2,160.
- There was a significant break at 10:42 when the price increased through $ 2,153 resistance with high volume.
- The price action has formed an upward channel with support of $ 2,148 and resistance to $ 2,160.
- The volume peaks during ascending movements confirm the condemnation of the buyer, particularly during 11:07 and 11:31 increases when the volume exceeded 1.4my 2.2m, respectively.
- XRP increases 13.7% of $ 1.93 to $ 2.24, establishing a strong support to $ 2.08 with significant volume backup key.
- The technical analysis shows XRP forming a bull flag pattern with potential objectives at $ 2.28 and $ 2.35 based on Fibonacci extensions.
- The cryptographic analyst Egrag Crypto identifies a rare upward cross between the 55 -week EMA and the MA of 155 weeks, which suggests a potential for a massive price growth similar to the 958% rally after the same signal in 2017.
- XRP increased by 13%, while Coindesk20, an index for the wider digital asset market, Rose 8.3%.
Discharge of responsibility: This article was generated with artificial intelligence tools and reviewed by our editorial team to guarantee the precision and compliance with our standards. For more information, see Coindesk’s complete policy. This article may include information from external sources, which are listed below when appropriate.
External references:
- Times Tableoid, “Table XRP indicates a parabolic increase for $ 70 this timeline”, published on April 12, 2025.
- Times Tabloid, “XRP price prediction for April 11, 2025”, published on April 11, 2025.
- Times Tabloid, “XRP price prediction for April 13, 2025”, published on April 13, 2025.
- Newsbtc, “XRP is aimed at $ 19 or $ 45 in the possible displacement cover, the analyst predicts,” published on April 13, 2025.
- Coinpedia, “XRP price next Toats, Elliot Wave Analysis and More”, published on April 12, 2025.
