NewsBTC
Apr 28, 2025
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XRP Price Consolidates Above $2.20, Eyes Further Gains

XRP price is currently experiencing an upward trend, trading above $2.220 and consolidating around $2.280.

  • Price started to increase above the $2.250 zone.
  • Trading above the 100-hourly Simple Moving Average.
  • Bullish trend line support is at $2.240 on the hourly chart.
  • Potential for further increases unless the price drops below $2.20.

XRP Price Movement

The price surged past resistance levels of $2.150 and $2.20, reaching a high of $2.294 before correcting downward.

Currently, XRP remains above $2.220 and near the 50% Fib retracement level of its recent upward move, with resistance expected near $2.30.

XRP Price

  • Major resistance levels are at $2.30 and $2.350.
  • Potential price targets include $2.420 and up to $2.50 if upward momentum continues.
  • Next significant resistance for bulls is at $2.620.

Support Levels

If XRP does not surpass the $2.30 resistance, it may decline. Key support levels are:

  • $2.2450
  • $2.220
  • $2.20
  • $2.150

Technical indicators show the MACD gaining bullish momentum and RSI above 50, indicating positive market sentiment.