XRP Market Analysis – April 29, 2025
XRP is showing resilience despite recent bearish pressure. Price action remains stable, holding above key support levels, and technicals continue to favor a possible bullish continuation – provided momentum returns.
Fundamentals Recap:
Ripple’s RLUSD stablecoin shows steady growth, now at a $317M market cap.
ProShares launches Ultra, Short, and Ultra-Short XRP ETFs, but these are futures-based and not expected to influence XRP price in the short term. However, long-term brand visibility is a bullish sign.
Technical Outlook:
Key Support Zone: $2.25–$2.30 – currently holding well.
Resistance Zone (Target): $2.41–$2.46 – has remained a strong cap for weeks.
XRP shows weakening spot and leveraged momentum. If this continues, support may not hold.
Trade Setup:
Entry (Buy): $2.27–$2.30 (near current support)
Target 1: $2.41
Target 2: $2.46
Stop Loss: $2.22 (below the last major support zone)
Bearish Scenario:
A break below $2.25 could trigger a drop toward $2.15 support (Point of Control zone). In that case, wait for consolidation or reversal signs before entering long again.
