April 29, 2025
Ripple Price Forecast: Two Key Factors Keep XRP Price Stable
The price of XRP gradually extends gains as the cryptocurrency market remains stable.
XRP stays above critical support at $2.22, strengthened by the 100-day EMA.
A break from the descending channel could trigger significant bullish momentum, potentially driving a recovery above $3.
The increase in long position liquidations while Open Interest remains unchanged signals decreasing interest and a possible pullback.
The price of Ripple (XRP) consolidates gains at the time of writing on Tuesday, following three consecutive daily green candles. Trading at $2.26, XRP has decreased by more than 1% on the day, reflecting stability in the overall cryptocurrency market. A pullback from the current market level seems possible, but may not deter investors from seeking exposure, thus increasing the tailwind for a breakout targeting $3.00.
Bitcoin (BTC) remains above $94,000, with its bullish trend driven by rising net inflows into spot BTC ETFs, easing trade tensions between the United States (U.S.) and China, as well as short squeezes.