XRP Stabilizes Above the $2.15 Mark After Experiencing Price Volatility in Recent Weeks

XPR has stabilized above the $2.15 mark after experiencing price volatility in recent weeks. The digital asset is currently trading at $2.15-$2.19

XRP price has stabilized above the $2.15 mark following recent price volatility and a security concern within its ecosystem.

The digital asset, used by the XRP Ledger, is currently trading at $2.15-$2.19, showing resilience despite a recent security concern within its ecosystem.

Earlier this week, XRP experienced a dip to around $1.60 during the broader crypto market downturn but has since recovered alongside improving market sentiment. This recovery appears to be gaining momentum as technical indicators suggest a potential shift in price action.

As of Thursday morning, XRP is holding key support levels, with the price finding stability above $2.04. This price zone is reinforced by both the 50-period Exponential Moving Average and the longer-term uptrend line on the charts.

For traders monitoring XRP’s movements, the immediate resistance level to watch is $2.30. A breakthrough above this level with convincing volume could trigger a move toward the next target of $2.41.

The more significant resistance zone lies at $2.57-$2.58, which marks previous highs from March. Many analysts believe that clearing this hurdle could open the path to much higher price discovery.

Technical Outlook and Trading Setup

The MACD indicator for XRP is showing signs of flattening, which often signals an upcoming momentum reversal. This technical development has caught the attention of short-term traders looking for entry opportunities.

For those interested in potential entry points, market analysts suggest two possibilities: either a bounce from the $2.16 support with confirmation from a bullish candle pattern, or a breakout above $2.30 accompanied by strong trading volume.

Suggested profit targets for these setups are $2.30 and $2.41, with a recommended stop loss positioned below the $2.04 level to manage risk effectively.

XRP’s price action isn’t occurring in isolation. The broader crypto market is approaching a $3 trillion total capitalization, with sentiment indicators leaning toward the “greedy” range – typically a sign of increasing bullish sentiment among traders.

Recent Security Concerns

While price analysis remains a focus for traders, the XRP ecosystem recently faced a security challenge that warranted attention from developers and users alike.

Security researchers at Aikido identified a critical vulnerability in the XRP JavaScript SDK (xrpl.js), affecting versions 4.2.1 through 4.2.4. The compromised code could potentially capture private keys during normal wallet operations and transmit them to unauthorized servers.

The security issue was limited to packages distributed through NPM registries rather than XRPL’s official GitHub repository, suggesting a targeted supply chain attack. Importantly, the malicious code has since been removed, and safe updates (versions 4.2.5 and v2.14.3) have been released.

No funds have been reported stolen as a result of this vulnerability. However, developers who used the affected SDK versions during the exposure period are advised to consider their credentials compromised and take appropriate security measures.

The quick response to this security threat highlights the importance of vigilance in the cryptocurrency space, even within established ecosystems like the XRP Ledger.

Long-Term Price Projections

While short-term price movements capture daily attention, some market commentators are making bold long-term predictions for XRP’s valuation.

Technical analysts point to patterns like the “cup and handle” formation to justify projections ranging from $33 to $50 per token. Some extend these forecasts even further, suggesting potential price targets between $77 and $100 in an extended rally scenario.

Market commentator BarriC has shared perhaps the most optimistic outlook, suggesting that XRP could eventually reach $1,000 per token – representing a massive 44,344% increase from current levels.

People will happily pay $100 per $XRP

And once they’re getting their heads around a $100 #XRP, once that becomes the new cheap entry point into $XRP

That’s when we see $XRP skyrocket to $1,000

And people will once again happily pay $1,000 per $XRP

To be part of the new…

— BarriC (@B_arri_C) April 18, 2025

BarriC claims today’s prices represent a bargain opportunity, suggesting that in the future, investors will gladly pay $100 for a single XRP token, viewing that triple-digit price as a “cheap” entry point after the asset has reached much higher levels.

Other analysts have attempted to establish timelines for these ambitious targets. BarriC suggests XRP could be considered “cheap” at $100 by the time of Bitcoin’s sixth halving in 2032. Research group Telegaon projects XRP reaching $119 by 2040, with potential highs of $160 that same year.