Ripple (XRP) closed at 2.2613 against the US dollar on the three-day chart on Coinbase on April 27, 2025, showing strong momentum. The price maintained its stability above a key triangle resistance level after several weeks of sideways movement between 2.1000 and 2.2950. Traders are now intensely focused on XRP's prospects of breaking through the resistance level, with the next target levels expected between 3.000 and 4.200. The asset's price has risen by 2.51% during the last three-day candle, boosting confidence among investors looking to capitalize on this rise.
XRP maintains its strength within the main structure.
Since late 2024, the price movement of Ripple (XRP) has formed a significant descending triangle with lower highs and steady support near 2.1000. Several breakout attempts over the months have failed, indicating strong demand at the critical support area. As consolidation matured, Ripple compressed into narrower ranges, while trading volume steadily declined during March and April. The three-day close at 2.2613 confirmed an early breakout attempt, with a bullish candle breaking through the triangle resistance levels.
Price movements have remained confined within a narrow range, touching lows of 2.1600 and reaching highs of 2.2950. Traders noted significant accumulation during this phase, as buyers prepared for a potential bullish breakout. The dashed projection line indicates that XRP may rise towards 3.000, a key psychological level that confirms bullish dominance. Sustaining above 2.500 at the close of three days may provide the strength needed for XRP to rise. Any drop below 2.250 could expose the price again to the critical support level at 2.100.
Could the price of XRP rise to 4.200 after breaking the triangle?
Following the bullish breakout in April, the technical picture of XRP improved with the stability of key support areas and the collapse of previous bearish expectations. The measured move expected from the triangle indicates a target around 4.200 if momentum continues. However, to reach 4.200, XRP must first break the strong psychological barrier at 3.000 with a significant increase in trading volume.
The focus will remain on XRP's ability to surpass the 2.500 and 2.800 levels, which are medium-term resistance levels. If the asset's price exceeds 3.000, this could trigger a new wave of buying from traders who are still on the sidelines. Fibonacci extensions closely align with the 4.200 target, providing historical technical confirmation for the next potential price area.
If XRP fails to maintain this breakout, it may retest the resistance of the broken triangle near 2.200. Nonetheless, the structure of the bullish breakout indicates an increasing likelihood of upward pressure during the second quarter of 2025. Traders see a strong working environment as XRP prepares for what could be its most significant move this year.
Price movements reflect the larger market dynamics.
The breakout of XRP reflects the overall market behavior, as many altcoins show strength against the US dollar. Bitcoin's stability above key moving averages provided steadiness and opened the door for altcoin breakouts. This environment has allowed XRP to gain momentum, as the broader cryptocurrency market indicated a potential shift towards bullish cycles.
On the three-day timeframe, XRP continues to trade above key exponential moving averages that may form dynamic support areas. Maintaining a three-day close above the 2.200 level is crucial for the continuation of the bullish trend in May and beyond. Short-term traders are now closely monitoring trading volume to verify the potential for this breakout to continue.
Months of downward pressure have led to a bullish effect, paving the way for a sustained upward rise for several months. Technical breakouts from large patterns often achieve significant relative gains if supported by strong trading activity. The current formation of XRP between 2.1000 and 2.2000 represents a critical battleground for the next major direction towards 3.000, and possibly 4.200.
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