$XRP XRP is trading at approximately $2.29, experiencing a slight decrease of 2.14% from the previous close. The intraday high reached $2.34, while the low touched $2.26.

Technical Analysis:

Support Levels: Key support is observed at $2.20, with additional support at $2.15, aligning with the 20-day Exponential Moving Average (EMA).

Resistance Levels: Immediate resistance is at $2.34, followed by $2.40 and $2.50. A breakout above $2.50 could signal a strong bullish trend. ​

Moving Averages: XRP is trading above its 50-day and 100-day EMAs, indicating a bullish momentum. ​

MACD & RSI: The MACD has crossed into positive territory, suggesting increasing buying pressure. The RSI is approaching overbought levels, which may indicate a potential pullback.

News and Events:

ETF Approvals: The SEC has approved multiple XRP futures ETFs, including ProShares' XRP futures ETF, set to launch on April 30, 2025. This development is expected to increase institutional interest and liquidity in XRP.

Whale Activity: A significant transfer of 29.5 million XRP tokens, valued at approximately $68.7 million, was detected on Coinbase, indicating potential accumulation by large investors.

Political Support: Former President Donald Trump has expressed support for cryptocurrencies, including XRP, proposing a national digital asset reserve that includes XRP. This political backing could positively influence market sentiment.

Trading Strategy:

Entry Point: Consider entering a long position if XRP sustains above $2.30 with strong volume, confirming a breakout from current resistance levels.​

Stop-Loss: Set a stop-loss at $2.15 to limit potential downside risk, just below the 20-day EMA support.​

Profit Targets:

Primary Target: $2.50, aligning with the next significant resistance level.

Secondary Target: $2.60, contingent upon continued bullish momentum and positive market developments.​

Conclusion:

XRP is exhibiting bullish signs, supported by positive technical indicators and favorable news events.