Despite bullish April predictions, XRP stays at $2.15—could $3+ be next?
After rising to $2.17 on Saturday, Ripple's XRP fell to $2.13, extending its multi-day bounce.
After China put further tariffs on American products, money shifted from stocks to Bitcoin, Ethereum, and XRP, sparking a surge.
Digital assets were inflation-hedged and geopolitically neutral, so investors bought them. This move helped Bitcoin regain $83,000, Ethereum reach $1,800, and XRP rise 12% in two days.
Crypto market valuation rose to $2.78 trillion, with XRP leading the way.
XRP's comeback matches a market-wide capital rebalancing. As trade tensions persist, traders expect volatility and uncertainty, especially if corporate results fall.
Digital asset inflows increased as risk sentiment changed.
Coinbase Futures and Institutional Growth Raise XRP
Coinbase Institutional filed to introduce cash-settled XRP futures on April 21 as XRL. Each contract will represent 10,000 XRP, with hourly trading halts for big price movements.
This follows Bitnomial's March physically settled XRP futures launch, showing regulatory certainty after Ripple's 2023 court win.
Despite structural support, short-term sentiment is uneven. CoinGlass data suggests derivative traders are negative on XRP perpetual futures funding rates at -0.14%.
Technically, XRP is up 4.37% to $2.15 with a market valuation of $125.25 billion. Breakout from declining parallel channel confirmed on 4-hour chart. Price recaptured the 50-period EMA at $2.14, providing dynamic support.
Verified breakout above falling channel.
Important resistance levels: $2.23, $2.31
Support levels: $2.02, $1.96
If XRP remains above the 50-EMA, positive momentum might reach $2.58. Failure to break $2.23 resistance may keep the asset range-bound.
