It is difficult to accurately predict the price direction of XRP this week due to high cryptocurrency market volatility and multiple factors affecting prices, such as regulatory news, market sentiment, and trading volume. However, a general analysis can be provided based on information available as of April 29, 2025, focusing on current trends and technical and fundamental indicators.

Weekly trend of XRP

1 Current price and market movement:

◦ According to available information, the price of XRP currently ranges around $2.24-$2.43 USD, with a high daily trading volume reaching about $3-4 billion, reflecting strong liquidity and significant interest from traders.

◦ Over the past seven days, XRP has seen an increase of 3.4%, indicating positive short-term momentum.

◦ However, there are slight fluctuations, as the price has decreased by 0.5-1.43% at certain times over the past 24 hours, reflecting a potential corrective movement or natural volatility.

2 Technical analysis:

◦ Some technical analyses suggest that XRP may be in a consolidation or sideways movement within a symmetrical triangle pattern, indicating that a breakout either upward or downward could define the next direction.

◦ Key support levels are around $1.89-$2.00, while resistance levels range between $2.50-$2.90. If the price breaks above $2.50, it may target higher levels like $3.74 (near historical high).

◦ Indicators like MACD and moving averages suggest a neutral to bearish trend in the short term (weekly timeframe), but momentum could turn bullish if market sentiment improves.

◦ A post on platform X indicates that a weekly candle closing above $2.15-$2.30 could be a strong bullish signal, enhancing the likelihood of a price increase.

3 Market sentiment and news:

◦ There is long-term optimism due to Ripple's legal victory against the U.S. Securities and Exchange Commission (SEC) in 2023, which has boosted confidence in XRP as a regulatory-compliant asset.

◦ Recent news indicates a two-month delay in resolving the SEC case against XRP, which may keep the market on edge and affect short-term volatility.

◦ XRP's entry into the futures market on Coinbase is considered a positive development, as it increases liquidity and attracts institutional investors.

◦ Increased holding of XRP outside exchanges (about 80.6 million XRP in the last 24 hours) indicates long-term investor confidence, which is a bullish signal.

Price breakout potential

1 Bullish factors:

◦ Breaking the resistance level: If XRP exceeds $2.50, it could target $3.40-$3.74 (highest historical level), with some analysts predicting prices reaching $15 in case of strong momentum.

◦ Increased adoption: Ripple's ongoing partnerships with major financial institutions (like Santander and American Express) and the expansion of the RippleNet network support demand for XRP.

◦ Positive regulatory developments: If the case with the SEC is definitively resolved in favor of Ripple, it could lead to a significant price increase.

◦ Some optimistic predictions suggest that XRP could reach $5.59 and $17.85 by 2030, especially if global adoption of Ripple accelerates.

2 Bearish factors:

◦ Market volatility: The cryptocurrency market is highly volatile, and a general market correction could lead to a temporary decline in XRP's price.

◦ Regulatory delays: Ongoing uncertainty regarding the SEC case may keep the price under pressure.

◦ If XRP fails to break the $2.50 level, it may retreat to support levels at $1.89-$2.00, especially if the market experiences a sell-off.

3 Short-term predictions:

◦ XRP is likely to remain within the range of $2.15-$2.50 this week unless a significant breakout or positive regulatory news occurs.

◦ There are extreme (unconfirmed) predictions on platform X suggesting prices like $54 by the end of the week, but these seem exaggerated and lack strong technical basis.

◦ A rise to $2.90-$3.40 is possible if the upward momentum and trading volume continue.

Recommendations

• For short-term traders: Watch levels at $2.50 (resistance) and $2.00 (support). Waiting for a confirmed breakout or decline may be a wise strategy to avoid volatility.

• For long-term investors: XRP shows bullish potential in the long term due to institutional adoption and regulatory clarity. Holding the asset in a cold wallet while monitoring news may be beneficial.

• Risk management: Given the volatility, it is advisable to invest only what you can afford to lose, with stop-loss orders in place to mitigate risks.

Final notes

The weekly trend of XRP heavily depends on regulatory news, trading volume, and overall market sentiment. Current momentum is moderately positive, with potential for a rise if the price breaks the $2.50 level. However, caution is advised due to volatility and exaggerated expectations. Stay updated on news related to the SEC and Coinbase platform to understand potential movements.

Disclaimer: This analysis is for informational purposes only and is not intended as investment advice. Consult an independent financial advisor before making investment decisions.

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