There is time to buy 🤝🍾🥂
1. Current status of XRP
- Price: $2.27–2.33 (minor discrepancies between sources).
- Market capitalization: $127–133 billion, 4th place among cryptocurrencies.
- Trading volume over 24 hours: $3.9–4.89 billion.
- Historical extremes:
- Maximum: $3.40–3.84 (January-March 2025).
- Minimum: $0.1055 (2020).
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2. Technical analysis
- Key levels :
- Support: $2.00–2.11 (critical zone, a breakout may lead to a drop to $1.70–1.90).
- Resistance: $2.30–2.32 (overcoming this will open the way to $2.65 and above).
- Indicators:
- MACD and RSI signal a short-term correction or sideways movement.
- Wave analysis suggests the completion of the correction phase and the beginning of an upward impulse to $2.326.
- Descending triangle on the daily chart: upward breakout could lead to a rise to $3.50, downward to a drop to $1.70.
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3. Fundamental factors
- Launch of futures ETFs (ProShares): Expected on April 30, 2025. May increase volatility but attract institutional capital.
- Political events: Donald Trump's meeting with the crypto community increased optimism, already reflected in the price increase from $2.08 to $2.30.
- Partnerships: Integration of XRP into 300+ financial institutions, including Santander and American Express. Development of RippleNet and ODL products.
- Regulatory risks: Ongoing uncertainty with the SEC, but Ripple's partial victories in 2023-2024 have reduced pressure.
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4. Forecasts for the coming days and 2025
- April 29, 2025:
- Resistance testing at $2.30–2.32 is expected.
- Range: $2.23–2.31. Successful breakout possible with increasing volumes.
- May–June 2025:
- A rise to $3.00–3.50 is projected. CoinCodex estimates the average price at $2.97 by the end of the year.
- Long-term targets:
- By 2025: $4.70–6.30 (depends on CBDC integration and macroeconomic conditions).
- By 2030: $8–10 (optimistic scenario with widespread RippleNet adoption).
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5. Risks and recommendations
- Correction: A pullback to $1.75–1.90 is possible, especially with declining volumes or negative news.
- Volatility: The launch of ETFs and political events (e.g., U.S. elections) can sharply change the rate.
- Strategy:
- Buy on holding support $2.00–2.11.
- Take-profits at levels $2.32, $3.00, $3.50.
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Conclusion
XRP shows resilience in the $2.20–2.30 range but requires confirmation of breakouts for continued growth. Short-term prospects depend on ETF and regulatory decisions, long-term on Ripple partnerships and macro trends. Traders should consider technical levels and monitor volumes.
