- XRP surged 22% in a week, reaching $2.17 with resistance at $2.30.
- RSI climbed from 34.7 to 67.8, now steady at 60.5, signaling bullish momentum.
- Core DeFi Researcher warns of dip to $1.61 if it fails to hold $1.96 support.
XRP has seen a strong rise in the past week, increasing by 22% and crossing the $2 mark. As of now, XRP is trading at $2.17, with a gain of 1.74% over the past 24 hours. This recent upward movement has drawn attention from Core DeFi Researcher, who is now asking whether this momentum can continue.
Core DeFi Researcher pointed out that XRP’s Relative Strength Index (RSI) increased sharply in just six days. The RSI moved from 34.7, which signals an oversold condition, to 67.8, suggesting the market was moving closer to an overbought zone. At present, the RSI has fallen slightly to 60.5. This shows that the price is not rising as strongly as before, but the trend is still positive overall.
In addition to the RSI, the analyst also looked at Ichimoku Cloud data. According to the chart, it is trading above the cloud, which often points to a continuing upward trend. The price is also above the Tenkan-sen and Kijun-sen lines, further supporting a positive outlook.
A green cloud ahead also suggests more gains are possible. However, the chart also shows some signs that the upward momentum might be slowing down, as the indicators are flattening.
XRP Golden Cross May Trigger Surge
Another technical sign being watched closely is the tightening of its Exponential Moving Average (EMA) lines. If a golden cross forms—where the short-term average moves above the long-term average—it signals bullish momentum.
This could allow it to break through the resistance level of $2.23 and potentially move towards $2.50. However, failing to hold $1.96 support may turn sentiment bearish, with $1.61 as the next key level.
Egrag Crypto, a known voice in the XRP space, shared his thoughts in a post on X dated April 14. He believes that if it fails to close above the $2.30–$2.50 range on the 5-day chart, a retrace toward $1.85 could follow. Despite this warning, Egrag hasn’t lost his long-term optimism. He continues to target future price points of $7.50, $13, and even $27.
He also pointed out the possibility of a liquidation event, which could bring about sudden market moves. Instead of jumping in and out, Egrag is choosing to stay neutral for now, focusing on accumulating more coins at levels he believes are significant.
Ripple’s Post-Lawsuit Moves Could Shape XRP
Looking at broader influences, Egrag also noted that global events can significantly impact the market. He pointed to China’s 2023 reversal of its Bitcoin mining ban, which first triggered a slump but later led to a recovery. He also cited how Trump’s tariffs initially disrupted markets, yet a 90-day pause sparked a rebound.
Meanwhile, the XRP community remains divided on what to expect once the ongoing SEC lawsuit ends. A community member known as “All Things XRP” believes that people expecting a major price surge at the end of the lawsuit may be disappointed. According to them, “If you think XRP is going moon the moment the SEC case OFFICIALLY ends… You’re already late. That’s priced in.”
Instead, they suggest that the future price of XRP will depend more on what Ripple does after the lawsuit. That may include new partnerships, better use of XRP, and more efforts to grow adoption. These developments could have a larger impact on the price than the lawsuit itself.
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