TLDR

• XRP price is currently trading above $2, showing bullish momentum despite market uncertainties
• XRP gained 1.41% on April 14, with traders eyeing potential 30% move to $2.60
• Technical analysis shows a bullish trend line forming with support at $2.10
• Key resistance levels are at $2.20, $2.25, and $2.45
• Analysts project XRP could reach $5.50 by late 2025 if favorable conditions persist

XRP has shown resilience in recent trading sessions, maintaining its position above the crucial $2 threshold. On April 14, 2025, the cryptocurrency gained 1.41%, reflecting growing market optimism despite broader uncertainties in the crypto space.

The token is currently trading around $2.14, having rebounded 14.28% on Wednesday when it surpassed the 200-day Exponential Moving Average (EMA) at $1.95. While it experienced a 4.24% pullback the following day, XRP quickly regained momentum.

Sunday saw XRP climb to its April 2 high of $2.23, demonstrating strong buying interest. This price action suggests traders remain confident in XRP’s long-term growth prospects.

Technical indicators paint a positive picture for XRP. The Relative Strength Index (RSI) stands at 50 on the daily chart and is pointing upward. Sustained RSI levels above 50 are important for continuing the current recovery.

Technical Analysis Shows Bullish Pattern

A connecting bullish trend line has formed with support at $2.10 on the hourly chart. This technical formation often precedes further upward movement, giving traders reason for optimism.

The price is currently trading above both $2.08 and the 100-hourly Simple Moving Average, which are positive signals for bulls. However, XRP must overcome resistance at $2.20 to extend its gains.

If XRP breaks above the $2.20 level, the next resistance points lie at $2.25, $2.32, and $2.45. Some analysts believe a clear move above these levels could push the price toward $2.55 in the near term.

The upward move from the recent $1.92 swing low to the $2.24 high shows strong buying pressure. However, open interest in XRP has declined by 3.78% according to Coinglass statistics, reflecting some uncertainty in the market.

Potential Price Targets and Risk Factors

Noted analyst Ali Martinez has highlighted XRP’s bullish signs as it stays above the important $2 mark. If it maintains this support, there could be a 30% move to the upper end of its present channel at $2.60 in the coming days.

Looking further ahead, XRP’s next major milestone is breaking above $2.40, which could trigger a rally toward $3. Some experts have even more optimistic projections, suggesting XRP might climb as high as $5.50 by late 2025 – a target once predicted by Standard Chartered.

If $XRP can stay above the key $2 level, a 30% move toward the channel’s upper boundary at $2.60 could be next! pic.twitter.com/tBXV0Y28De

— Ali (@ali_charts) April 5, 2025

On the downside, if XRP fails to clear the $2.20 resistance zone, it could face a decline. Initial support is near $2.10 and the trend line, with the next major support at $2.08.

A downside break below $2.08 might push the price toward the $2.00 support level. Should this level fail to hold, the next support sits near $1.92.

Traders should keep an eye on the 50% Fibonacci retracement level of the recent upward move, which provides another technical reference point for potential market direction.

As investors monitor Ripple’s institutional moves and developments related to its SEC case, XRP’s price action continues to reflect a mix of optimism and caution.

The cryptocurrency’s ability to maintain its position above $2 will be crucial for its short-term trajectory. Whether it breaks out to new highs or retreats to test support levels, market participants should stay alert in this dynamic environment.