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▲ XRP/AI generated image ©
XRP has ended its long-term sideways trading period, and with scenarios of a surge of up to 2,100% being discussed, market attention is once again focused on it.
According to cryptocurrency media outlet Finbold on April 19 (local time), XRP (Ripple) recently recovered the key support level of $1.40, signaling entry into a new upward phase. After a long-term range-bound trend that continued from 2022 to 2024, it surged to $3 in 2025, then underwent a correction, and is currently building a support base in the $1.30-$1.40 range.
Analysts are raising the possibility of a sharp rise after a long period of sideways movement, similar to past cycles. In the short term, re-breaking the $3 resistance is key, with the next target set at $5 upon breakthrough. Some aggressive forecasts even mention a scenario where it could rise to a maximum of $32, which represents an increase of approximately 2,100%.
Technical indicators also show positive signs. Analyst Ali Martinez analyzed that the Supertrend indicator turned bullish for the first time since January 17, indicating an early sign of a trend reversal. Currently, XRP has rebounded to around $1.47, continuing its upward momentum.
However, short-term resistance still exists. The $1.55 level is a key resistance line that has halted recent rises multiple times, and a breakthrough of this level on a closing basis is needed to confirm a full-fledged upward rally. Upon breakthrough, the next target is suggested to be around $1.90.
Currently, XRP is trading at approximately $1.43, down about 2.3% over 24 hours but up more than 7% on a weekly basis. While it maintains support above the 50-day moving average of $1.38, its position below the 200-day moving average of $1.90 suggests that it is too early to consider the long-term trend as a complete bullish reversal. The RSI of 64.94 is just below the overbought level, indicating further upside potential but also suggesting the possibility of a short-term correction.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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