1. Current situation
- XRP price: ~$2.29 (as of 29.04.2025).
- Trend: Bullish, with potential growth to $2.32–$2.38.
- Key levels:
- Support: $2.18–$2.20.
- Resistance: $2.30–$2.32 (historically significant level).
2. Trading scenarios
Main scenario (purchase)
- Entry point: ~$2.26–$2.29 (current levels or pullback to support $2.20).
- Take-profit (TP):
- $2.32 (nearest target).
- $2.38 (extended target according to wave analysis).
- Stop-loss (SL): $2.15–$2.18 (below key support).
Alternative scenario (sale)
- If the price does not break $2.30 and falls below $2.20:
- Entry point: Sell below $2.18.
- Targets: $2.00–$2.10 (EMA200 levels and psychological support).
- SL: $2.25 (above local resistance).
3. Factors influencing price movement
- XRP futures ETF: Launch expected on April 30, which may increase volatility and liquidity influx.
- Political events: Support for cryptocurrencies from Donald Trump may maintain a bullish sentiment.
- Technical indicators:
- MACD and RSI indicate moderate bullish momentum but require confirmation from volumes.
4. Recommendations
- For aggressive traders: Buy at current levels with TP $2.32–$2.38.
- For conservative traders: Wait for a breakout of $2.30 with an increase in volume to confirm the trend.
- Risk management: Do not exceed a risk of more than 1–2% of the deposit per trade.
5. Long-term forecast
- By May 2025, analysts predict growth to $2.70–$3.00, especially with the approval of spot ETFs.