NewsBTC
23 April 2025
2 0

XRP Price Consolidates Above $2.20, Eyes $2.250 Resistance

XRP price is experiencing an upward trend, currently consolidating above $2.20 with potential to break the $2.250 resistance.

  • XRP price increased above the $2.120 zone.
  • Price is trading above $2.150 and the 100-hourly Simple Moving Average.
  • A bullish trend line is forming with support at $2.20 on the hourly chart.
  • Potential bullish momentum if the price clears the $2.250 resistance.

XRP Price Overview

Recent recovery saw XRP rise above the $2.0650 and $2.10 levels. The price briefly reached $2.2490 before a correction occurred, testing key support levels.

Bulls defended the $2.20 support, maintaining a trading position above $2.220. Resistance levels are noted at $2.2450 and $2.250, with further resistance at $2.350.

XRP Price

Future price movements may target $2.50 or higher levels of $2.620 and $2.650 if resistance is overcome.

Downside Risks

Failure to surpass the $2.250 resistance could lead to declines, with initial support near $2.20 and subsequent support at $2.150 and $2.080.

Technical indicators show:

  • Hourly MACD indicates a bullish trend.
  • RSI is above 50.
  • Major support levels: $2.20 and $2.150.
  • Major resistance levels: $2.250 and $2.350.