XRP Bulls Target Fresh Gains as Price Consolidates Above Key Resistance Levels
XRP price has shown promising signs of a fresh upward movement, with the cryptocurrency consolidating above the $1.950 resistance level. After climbing past $1.880 and $1.950, XRP reached a high of $2.089 before undergoing a minor correction. Despite this pullback, the price remains well-supported above $1.920 and the 100-hourly Simple Moving Average, indicating strong bullish sentiment. A key development was the break above a short-term bearish trend line at $1.9750, which has further bolstered Optimism among traders. Analysts suggest that a close above the $2.00 resistance could pave the way for extended gains, potentially marking the next phase of XRP’s upward trajectory. As of April 12, 2025, market participants are closely watching these levels for confirmation of continued bullish momentum.
XRP Price Ready to Run? Bulls Eyes Fresh Gains Amid Bullish Setup
XRP price has started a fresh increase and is now consolidating above the $1.950 resistance. The price climbed above $1.880 and $1.950 levels and formed a high at $2.089. It recently started a downside correction but remains above the $1.920 and the 100-hourly Simple Moving Average. There was a break above a short-term bearish trend line with resistance at $1.9750. The pair might extend gains if there is a close above the $2.00 resistance zone.
XRP Struggles at $2.04: Breakout Unlikely
XRP remains trapped in a falling wedge pattern with $2.04 acting as strong resistance. On-chain metrics and whale activity suggest weakness rather than momentum for a breakout. The critical support levels are at $1.67 and $1.39, while strong resistance persists at $2.04 and $2.38. At the time of writing, XRP was priced at $1.99 following an 11.49% daily gain, but this has not led to any structural breakout.
XRP Price Prediction: Impact of Ripple’s Alignment with Tokenization Boom
A Ripple-BCG report projects global asset tokenization will grow from $0.6 trillion in 2025 to $18.9 trillion by 2033. Ripple plans to leverage the XRP Ledger for seamless cross-border payments and settlements, fostering XRP adoption. The cryptocurrency’s open interest increased by 1.4% to $3.08 billion, with a positive long/short ratio implying increasing bullish potential. On Friday, XRP reclaimed support above the 200-day EMA, with bulls targeting a short-term move to $2.25. Earlier in the week, XRP approached the critical $2.00 level after a tariff pause-triggered recovery, but the uptrend faltered as global markets adjusted to US tariff policy dynamics.
AI Predicts XRP’s Price if It Becomes a Leading Crypto Under Trump’s Rule
Ripple (XRP) has been gaining attention, acquiring a new identity under Trump’s rule. Now free from negative scrutiny, XRP is poised to carve its own path and take on new roles. Speculation has arisen about its use cases under Trump’s rule, and if Ripple can find multiple significant use cases, its price may surge. Ripple CEO Brad Garlinghouse met with US President Donald Trump, and XRP is now recognized as a legitimate token establishing the US crypto reserve alongside BTC, ETH, SOL, and ADA.
Ripple and SEC Reach Preliminary Agreement to End Legal Battle
Ripple and the SEC have reached a preliminary agreement to end their years-long legal battle, which has kept many XRP investors on edge since late 2020. Both parties have filed a request to pause their appeals and a joint motion to hold the appeal in abeyance based on their agreement to settle. The settlement is awaiting Commission approval and, if approved, would resolve all outstanding charges, including those against Ripple executives Brad Garlinghouse and Chris Larsen. No brief will be filed on April 16th.
Settlement in Sight? Ripple and SEC File Joint Motion to Stay the Appeal
The long-running lawsuit between Ripple Labs and the SEC may be nearing its conclusion. The two parties have jointly requested a pause on their individual appeals case. This comes after several attempts to prolong the lawsuit. The outcome of the Ripple vs. SEC case could set a precedent for crypto regulation in the US and beyond. The SEC has claimed that Ripple’s XRP token offering constitutes an unregistered securities offering.
