- XRP trades at $2.58, up 5.53% with weekly gains of 16.14% and volume spiking to $7.26 billion.
- A breakout above $2.50 may target $3.00, failure could drop XRP to $2.00–$2.10 support zone.
- RSI at 73.86 and bullish MACD signal strong momentum, but pullback risks remain high.
As of press time, XRP is trading at $2.58, which is 5.53% up as compared to the previous day. The trading volume of the similar period is $7.26 billion with a 29.96% increase. During the last 7 days, the XRP coin price went up by 16.14%.
Source: CoinMarketCap
CoinCodeCap Trading highlighted that XRP is close to a decision level. Breaking out above $2.50 with confirmation might lead to a rise to $3.00, with a 20% possible profit. A failure to rise might push XRP down to the zone of support at approximately $2.00 to $2.10. Both scenarios are being closely monitored by traders.
Source: X
Also Read: XRP Breaks $2.43 With $5.56B in Open Interest, Eyes $2.80 as Next Key Level
Key Support and Resistance
The levels of support are estimated at $2.10, $2.00, and $1.60. The resistance is at $3.00 and $3.84. Short-term and medium-term trends are also bullish. The long-term trend, however, continues to show weakness during the previous stages of the market.
More recent developments in the market are driving positive sentiment. An investment of $400 million in treasury purchases in XRP has been uplifting to investors. The trend seems to be moving towards a simplification of regulation in the United States. The demand is also driven by anticipations of an XRP spot exchange-traded fund in 2025.
XRP Market Momentum
The relative strength index is now at 73.86, showing that XRP is overbought. Readings that exceed 70 usually indicate the possibility of a pullback or consolidation in the price. But powerful uptrends may persist in overbought situations. The MACD line reads 0.0711, and the signal line reads 0.0288, whereas the histogram reads 0.0423. This bullish divergence demonstrates an increase in the purchasing pressure.
Source: TradingView
CoinGlass data shows that the open interest has grown to 7.66% to total $6.21 billion. The trading volume also increased by 26.17% to $13.11 billion. Funding rate stands at 0.0119% which shows high long interest by traders.
Source: CoinGlass
Analyst Egrag Crypto revealed that a shift is expected between the $2.70 and $2.80 levels. A correction might be short-term, and this might serve as a throwback to establish a new support level. The analyst had earlier forecast a 33% upward movement in price. This would make the market ready to swing upwards again.
Source: X
Before acting, the market players are supposed to seek confirmation. The next rally will likely be confirmed by a breakout above $2.60 with volume support. Alternatively, dips into trading zones could provide an even better entry point. Ripple now faces a crucial point, and the next days are likely to determine its path.
Also Read: XRP Price Forecast 2025: Can It Smash the $5 Barrier?
