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Cryptocurrency News Articles
Xrp (XRP) Price Prediction: As Momentum Builds, Technical Indicators Hint at Potential Upside
Apr 24, 2025 at 04:45 am
With a price of $2.155 to $2.163 over the last hour, a market cap of $124 billion, and a global trade volume of $2.29 billion
With a price point within the range of $2.155 to $2.163 over the last hour and a market cap of $124 billion, the global cryptocurrency trade volume for the last 24 hours is $2.29 billion. In the same period of time, XRP's price varied by $2.07 to $2.13. As momentum builds, technical indicators across multiple timeframes reveal a poised but cautious market atmosphere, hinting at potential upside should volume confirm key resistance breaches.
In the 1-hour chart, XRP has exhibited a micro breakout from $2.06 to $2.194, supported by a marked increase in volume. This short-term move reflects strong buying interest and accumulation, especially evident in the highest hourly volume bar. Immediate momentum favors the bulls, and the price could retest the breakout zone between $2.11 and $2.12 before pushing higher. Traders may consider entries around the $2.10 to $2.12 range, particularly if volume sustains or builds. Upside scalp targets sit around $2.18, with a potential swing target at $2.25, while a tight stop-loss under $2.08 offers risk management.
The 4-hour chart reflects a developing short-term bullish structure, with higher lows supporting a range from $2.039 (support) to $2.141 (resistance). A recent strong green candle within the $2.12 to $2.14 window highlights increasing buying pressure and optimism for a breakout. A confirmed close above $2.14 would signal further bullish momentum, while more aggressive entries may seek to exploit dips toward $2.08. Price targets lie in the $2.18 to $2.20 corridor, with protective stops recommended below the $2.03 support zone.
From the daily perspective, XRP has rebounded from a strong support base at $1.611—an area of significant buying volume—rebounding into a consolidation pattern above $2.00. Price action between $2.05 and $2.10 now marks a critical entry zone, where volume confirmation may herald a bullish breakout. Near-term resistance levels include $2.40 and $2.60, aligning with prior swing highs and psychological markers. This suggests the market is stabilizing, and bullish continuation is plausible if accumulation persists. A stop-loss under $1.90, or more conservatively under $1.611, provides risk-controlled exposure to further gains.
Oscillators paint a largely neutral sentiment, underscoring the market’s indecision and potential readiness for a breakout. The relative strength index (RSI) at 51.09405, Stochastic at 73.85584, commodity channel index (CCI) at 59.92234, average directional index (ADX) at 19.81293, and the awesome oscillator at -0.06885 all indicate a holding pattern. Notably, the momentum oscillator at -0.02656 flashes a bearish signal, while the moving average convergence divergence (MACD) level at -0.02901 tips slightly bullish with a buy signal—showcasing the tug-of-war between consolidation and breakout optimism.
Turning to the moving averages, shorter-term indicators are leaning bullish. The exponential moving average (EMA) and simple moving average (SMA) across the 10, 20, and 30-period timeframes all signal bullishness, with prices ranging from $2.05 to $2.12. However, longer-term moving averages tell a mixed story: while the EMA and SMA for the 50 and 100-periods reflect bearish conditions with values above the current price, the 200-period EMA and SMA remain bullish, suggesting broader structural strength. This juxtaposition of short-term bullishness and long-term resilience may be laying the groundwork for a sustained breakout should conditions align.
Bull Verdict:
XRP’s consolidation above the $2.00 threshold, coupled with bullish momentum in the 1-hour and 4-hour charts and strong support near $1.61, sets the stage for an upward breakout. The alignment of short-term moving averages and a cautiously optimistic MACD (moving average convergence divergence) signal enhances the case for continued bullish action, particularly if volume supports a decisive move above $2.18.
Bear Verdict:
Despite localized strength, XRP’s momentum oscillator and longer-term moving averages suggest potential vulnerability beneath the surface. With oscillators largely neutral and multiple higher timeframe moving averages flashing sell signals, failure to break above $2.18 with conviction—or a drop below $2.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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