NewsBTC

24 April 2025

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XRP Set for All-Time High If Price Breaks Key Trend-Line

Market technician @cryptoWZRD_ indicates that XRP is close to entering a price discovery phase. Currently priced at $2.2107, XRP is one technical signal away from potentially breaking out.

XRP Price Targets

• A descending trend-line connects February's high near $3.40 to recent lower highs, acting as resistance.
• A daily close above this trend-line could trigger a rapid move towards $2.80.
• A break above $2.80 could lead to an all-time high with minimal historical resistance until $3.30.
• The next major target is set at $3.65, marking the beginning of price discovery.
• Main support is identified at $2.00, with further levels at $1.5160, $1.3000, $1.0700, and $0.9000.
• A break below $1.30 may occur if escalating tariffs persist.
• XRP/BTC is forming a symmetrical triangle; positive movement in Bitcoin dominance could enhance XRP's bullish outlook.
• Current trading range for XRP is between $2.2050 and $2.00, influenced by Bitcoin's performance.

At present, XRP trades at $2.13. A decisive daily close above the red trend-line could confirm a trend reversal, setting the stage for advancements towards $2.80.