Ripple (XRP) Set to Break the $2 Barrier Today !

Despite a 52% drop in trading volumes, XRP's price shows a slight 0.7% increase on April 11. Could a rally towards $2.6 be on the horizon for XRP?

Written by Gaston Cuny

Translated on April 11, 2025 at 18:07 by Sarah

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Bullish Signals on Multiple Timeframes

The price of XRP is showing promising signals this 11th of April, despite a mixed market. According to CoinMarketCap data, Ripple’s token registers a modest increase of 0.7% over 24 hours, but trading volumes have dropped by 52%, indicating persistent caution among investors. However, the weekly, daily, and 4-hour charts reveal bullish scenarios that could propel XRP towards $2.6.

XRP in Top 10 cryptos — Source: CoinMarketCap

On the weekly chart, XRP formed a Swing Failure Pattern (SFP) at $1.77, a level tested during a selling wave related to trade tensions between the United States and China. After hitting this low point, the price quickly bounced back, absorbing liquidity and signaling strong buying pressure. This week’s green candle reinforces this bullish thesis as long as XRP stays above this SFP. The key level to watch remains $2.59, a critical support and resistance zone. A decisive close above this threshold could confirm a trend reversal and pave the way for a push towards $2.6.

On the daily chart, XRP bounced after a Selling Climax above $1.80, establishing this level as a major support. As long as the price stays above this zone, the recovery outlook remains intact. The immediate resistance is at $2.40, a Point of Control where historical volumes are concentrated, making it a magnetic zone for the price. A breakout above this level could catalyze a move towards $2.6, especially if buyers maintain their momentum.

Risk Factors and Opportunities for XRP

Despite these encouraging technical signals, several obstacles could hinder XRP’s rise to $2.6. The 52% drop in trading volumes is a cause for concern. Without a significant increase in buyer activity, a sustainable rally seems compromised. Additionally, on the 4-hour chart, although XRP has broken a lower highs structure with a Break of Structure and formed a higher low, the risk of returning to a lower high persists. If this scenario materializes, a correction towards lower levels, potentially $1.20, cannot be ruled out.

Another factor to consider is the regulatory context. Developments in the dispute between Ripple and the SEC could act as a catalyst or a brake. A favorable outcome or positive news could trigger a buying wave, reinforcing the formation of higher lows on lower timeframes and pushing XRP towards the $2.59 resistance. Conversely, negative announcements could increase selling pressure.

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Gaston Cuny

Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.

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