XRP price is showing renewed strength as it maintains its position above the crucial $2 mark.

The cryptocurrency recently began a fresh increase, climbing past several key resistance levels and sparking optimism among traders about potential further gains in the near term.

XRP price has shown renewed strength as it remains above the crucial $2 mark. The cryptocurrency recently began a fresh increase, moving past several key resistance levels and sparking optimism among traders for potential further gains in the near term.

On Friday, April 14, XRP experienced a slight gain of 1.41%, indicating some market optimism despite broader uncertainties in the cryptocurrency space. This upward movement follows a larger 14.28% rebound that occurred last Wednesday when XRP broke past the 200-day Exponential Moving Average (EMA) at $1.95.

As highlighted by crypto analyst Ali Martinez, XRP is displaying bullish signs.

If $XRP can stay above the key $2 level, a 30% move toward the channel’s upper boundary at $2.60 could be next!pic.twitter.com/tBXV0Y28De

— Ali (@ali_charts) April 5, 2025

XRP started its recent climb by moving above the $1.980 and $2.050 resistance levels. It formed a high at $2.24 before entering a period of downside correction.

Despite this pullback, the price has managed to stay above key support areas.

Key Support And Resistance Levels

The price may face initial resistance near $2.1680, with the first major resistance level positioned at $2.20. Beyond that, $2.250 represents the next significant hurdle for XRP.

If XRP can break above $2.250, it could potentially target the $2.320 level or even push toward $2.450 and $2.50 in the near term. The next major barrier for bulls might be at $2.550.

On the downside, initial support can be found near the $2.10 level and the trend line. The next major support sits at around $2.080, corresponding to the 50% Fibonacci retracement level of the upward move from the $1.920 swing low to the $2.244 high.

Should XRP fail to maintain these support levels, it might decline toward the $2.00 support, with the next major support area positioned near $1.920.

Technical Analysis

Relying on the 100-hourly Simple Moving Average, currently, XRP is trading above it at $2.10.

Technical analysis reveals a connecting bullish trend line forming with support at $2.10 on the hourly chart of the XRP/USD pair.

The MACD indicator for XRP/USD is gaining pace in the bullish zone, while the Relative Strength Index (RSI) remains above the 50 level.

On the daily chart, the RSI stands at 50 and is pointing upwards toward its middle level. Sustained RSI readings above 50 are considered essential for continuing the present recovery upswing toward broader targets.

Key Takeaways

Market optimism is present as evidenced by a 1.41% rise in XRP price.

The digital asset has broken past several key resistance levels, sparking optimism for further gains.

Technical indicators show some bullish momentum with MACD in the positive zone and RSI above 50.

However, there has been a decrease in open interest, indicating less activity and some traders closing positions due to uncertainty.

In other news, Standard Chartered previously set a 2025 price target of $5.50 for XRP.