XRP Stabilizes at Key Support Level, Potential Rally to $2.40 Looms
As of April 17, 2025, XRP is exhibiting consolidation patterns near a critical technical support zone. Market analysts observe that the digital asset is forming a base for its next potential upward movement. The current price action suggests growing accumulation, with indicators pointing toward a possible breakout scenario. Should bullish momentum sustain, traders anticipate a test of the $2.40 resistance level—a price point last seen during the 2021 bull run. This development comes amid improving market sentiment across the cryptocurrency sector, with particular attention on Ripple’s ongoing regulatory developments and institutional adoption trends.
- XRP price experienced a 3.39% drop, but a 10% rise in volume suggests growing investor interest
- Ongoing geopolitical tensions and new U.S. tariffs on China add pressure to global markets
- XRP is consolidating above the $1.90–$1.92 support zone, historically a launchpad for upward moves
- Technical indicators hint at a possible breakout toward $2.40 if current support levels hold
Ripple’s native token, XRP, is showing signs of resilience despite a turbulent week in the cryptocurrency market. As of now, marking a 3.39% decline over the last 24 hours. However, a 10% increase in XRP trading volume signals growing investor interest, suggesting that bullish momentum could soon return.
Global Tensions Weigh on Crypto Market
The recent XRP price drop comes amid renewed geopolitical instability. Trade negotiations between the U.S. and China have hit a deadlock, with Beijing walking away from the table, demanding greater respect from Washington. Meanwhile, the European Union has expressed little optimism for a resolution anytime soon.
In a dramatic move, the White House has imposed a 245% tariff on Chinese imports, further rattling global financial markets and sparking a wave of uncertainty across both traditional and digital asset classes.
XRP Technicals Point to Possible Bullish Reversal
Despite macroeconomic headwinds, technical indicators for XRP remain largely bullish. The cryptocurrency is currently consolidating above the $1.90–$1.92 weekly support zone, a historically significant level. This area has consistently acted as a springboard for upward price movements in the past.
On higher timeframes (HTF), XRP is undergoing a bullish consolidation above this critical level. Monthly charts show a healthy retest and stabilization along the Tenkan and Kijun lines, key components of the Ichimoku Cloud indicator. These patterns are viewed as long-term bullish signals.
“As long as XRP holds above $1.86 on the monthly close, the long-term bullish structure remains intact.”
On lower timeframes, particularly the daily and 4-hour charts, XRP appears poised for a breakout. The current support around $2.10, and price action suggests a move toward $2.40 could be the next major target.
For XRP to continue its upward trajectory, breaking through the upper weekly downtrend resistance will be key. A decisive breakout could set the stage for a retest of the previous XRP all-time high (ATH) and potentially even new highs in the coming months.
While short-term volatility driven by geopolitical news continues to create uncertainty, Ripple’s XRP remains structurally strong. Rising trading volume, solid support zones, and technical consolidation all point toward a possible bullish reversal in the NEAR future.
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