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Next XRP Move Depends On Key Chart Signals

Next XRP Move Depends On Key Chart Signals

Cointribune2025/04/14 14:33
By: Cointribune
BTC+0.11%SOL+2.17%XRP-0.93%

The XRP finds itself at a strategic turning point, faced with a technical resistance that could redefine its market trajectory. Since the settlement of the dispute between Ripple and the SEC, the asset has gained a resurgence of confidence, but investors remain cautious. The crossing of this decisive threshold is being closely monitored: a failure could slow the current momentum, while a breakthrough would pave the way for new highs. Thus, the time is ripe for confirmation for supporters of the bullish scenario.

Next XRP Move Depends On Key Chart Signals image 0 Next XRP Move Depends On Key Chart Signals image 1

A resistance in sight : pressure is mounting for buyers

The XRP has shown a notable surge, testing a technical resistance located around $0.62, a level considered by many analysts as a critical zone for bullish investors.

This zone corresponds to a Fibonacci retracement of 0.702, closely watched by traders looking for bullish continuation signals. Thus, a break of this zone could open the way for significant price expansion.

This analysis is based on several key technical elements :

  • The target zone of $0.67 represents the top of the Fibonacci channel within which the XRP is currently moving ;
  • The Fib Channel model used by analysts outlines dynamic support and resistance levels ;
  • The absence of a close above $0.67 maintains uncertainty regarding the continuation of the bullish movement ;
  • A validated break above this threshold would open the way for projections towards $0.75 and even $0.85 ;
  • Conversely, a rejection below this resistance could bring the price of this crypto back to support levels around $0.55.

The outcome of this technical test will significantly influence the short-term trend, in a market where the absence of fundamental catalysts makes graphical levels particularly decisive for investors.

A favorable post-dispute dynamic, yet still uncertain

While XRP struggles with a technical resistance, other indicators reveal a bullish dynamic of a different order. On the South Korean side, the asset is experiencing remarkable enthusiasm.

According to CoinMarketCap data , it has outperformed bitcoin and Solana in terms of volume on Upbit, the country’s leading exchange platform. This surge reflects “a marked resurgence of interest from Korean traders“, in a context of increased volatility in the global market.

This situation fuels liquidity around the crypto and enhances its visibility in a region historically sensitive to Ripple’s movements.

Moreover, another significant element is the launch of the very first leveraged XRP ETF in the United States, orchestrated by Teucrium. The product, a 2x Long Daily XRP ETF, generated $5 million in volume in its first week.

Ranked in the top 5 of new ETF launches, it aims to offer “twice the daily returns of XRP through swap agreements“, relying on European products as benchmarks. Such a development marks an important step in the integration of XRP into the American institutional financial ecosystem, which has been cautious regarding assets in regulatory dispute.

The current situation of XRP thus illustrates the ongoing tension between technical and fundamental factors. While the $0.67 zone represents an immediate test for buyers, the broader outlook will depend on the ability of the Ripple ecosystem to capitalize on its legal victories and convince crypto industry regulators. In this context, XRP remains in the spotlight, caught between hopes of a bullish breakout and the risks of prolonged stagnation.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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