As mid-April approaches, there is renewed activity around Ripple
$
2’s native cryptocurrency, XRP.
Positive outcomes from the legal battle with the SEC in March and the introduction of the RLUSD stablecoin have elevated market expectations. Additionally, the new SEC chairman’s approach is shaping projections regarding XRP’s future. However, varying scenarios regarding price trends are being presented.
Technical Indicators and Support-Resistance Levels
Recently, XRP’s price has been exhibiting volatility in line with global macro developments, particularly the US-China trade tensions. Technical analyses suggest that XRP finds strong support at the $1.85 level while facing significant resistance around $2.50. Movements within this range indicate a search for direction in the short term. Certain technical indicators, especially the Parabolic SAR and the narrowing of Bollinger Bands, hint at a potential upward breakout. An observed increase in volume data reveals a resurgence in buying interest. Nevertheless, it is important to note that selling pressure has not completely dissipated. The focus on price reactions at these technical levels is crucial for short-term strategies.
Widespread Predictions from Analysts
One notable price prediction comes from the cryptocurrency platform Changelly, which forecasts that XRP may trade between $2.12 and $4.52 in the near term. This estimate is supported by a 10% price increase following the launch of RLUSD and the suspension of import tariffs by the Trump administration. Cryptocurrency analyst Hali_uzzi highlighted an increase in XRP’s institutional acceptance and purchasing power, suggesting price fluctuations between $2.50 and $3.00 in the short term. Conversely, a more cautious analyst, Investorie, predicts XRP will range between $1.80 and $2.90 throughout April, identifying a “realistic level” of $2.30.
Expectations, Volatility, and Macro Determinants
While some forecasts on social media speculate that XRP could rise above $5, these views are not widely accepted in the market. Most commentators point towards a more realistic range of $2.30 to $4.50. Consolidation within this range could pave the way for new buying waves. However, market direction remains dependent on several fundamental factors: Ripple’s institutional adaptation with RLUSD, Bitcoin
$ 84,040‘s ability to maintain its market leadership, and whether US-based incentives are implemented. Careful monitoring of technical levels allows investors to maintain flexible strategies, preparing them for potential fluctuations.