XRP Price Prediction Today (April 25)

The XRP price barely moved today, but It did pumped 6% this week though. So, where could the XRP be headed today? Let's find out.

The price of XRP has remained nearly flat in the past 24 hours after a 6% price increase this week brought the cryptocurrency to a new eight-month high.

As the fourth-largest cryptocurrency by market capitalization continues to trade in a strong bullish fashion, here’s a look at the latest XRP price predictions from the analysts at Capital One.

XRP Chart Analysis

Looking at the chart, XRP is currently trading at around $2.21. It made an attempt to break through the $2.24-$2.26 resistance zone but ultimately failed to sustain gains at that level.

The price has found strong support at $2.05, with even stronger support at $1.97, where the 200-day moving average is located. As the chart shows, higher lows are forming, which could indicate that the uptrend will continue.

Following the significant drop on April 7, XRP experienced a strong rebound, bouncing back from the lower levels to build a rounded bottom pattern. Since then, the price has been moving upward in a healthy recovery trajectory.

The 200-day moving average is also sloping upward and providing solid support around $1.97, a crucial level to monitor if the market shifts to bearish territory.

Technical Indicators

The CCI is currently at 126.86, placing it in overbought territory. This suggests that we might see a short-term pullback, especially if there’s a lack of buying volume to push the price higher. However, if the buying momentum continues, we could witness a continuation of the uptrend.

The ADX stands at 30.29, indicating that a strong trend is developing. Generally, when the ADX is above 25, it confirms that the market is trending, and in this case, the trend is upward.

The Ultimate Oscillator is at 56.64, which is slightly bullish but not too extreme. This reading implies that the uptrend is healthy and sustainable.

The ROC is 12.29, a positive and relatively strong value. This finding indicates that XRP has experienced good momentum in the recent period.

Finally, the Bull/Bear Power is 0.1021, showing that bulls have a slight edge in the market but don’t yet have complete control.

Key Resistance Levels:

Important Support Levels:

XRP Price Forecasts For Today

If the XRP price manages to stay above $2.20 and trading volume increases, we could see a continuation of the upward movement.

If the buyers succeed in breaking the $2.26-$2.27 resistance with good follow-through, the next target for the XRP price will be the $2.35-$2.40 zone.

With strong momentum, we might even see a test of the $2.50 psychological level before the week ends.

This bullish scenario will depend on:

On the other hand, if the XRP price drops below $2.17-$2.15, especially with higher selling volume, we could see a retest of the $2.05 support.

A sharper decline might bring the price back to the 200-day moving average around $1.97, especially if market news turns negative and there are no positive events to support the crypto market.

Keep an eye on these bearish signals:

News data source: kdj.com

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