XRP Prepares for New Breakout as Market Consolidates and Technical Signals Diverge
As of April 29, 2025, XRP is trading around $2.29, recording a market cap of $133 billion and a 24-hour trading volume of $2.82 billion. Intraday price action remains within a narrow range of $2.26 – $2.31, reflecting a consolidation phase after the recent bull run and preparation for an upcoming decisive move.
Short-term technical signals indicate waning selling pressure
On the 1-hour chart, XRP is displaying a rectangle pattern with a narrow range of $2.25 to $2.30. Notably, red candles are appearing on low trading volume, indicating waning selling pressure — a classic signal for a short-term bullish trend. If XRP breaks above $2.30 with confirmed volume, this could attract speculative buying and open up a new upside zone to the next resistance level.
4-hour chart: Struggle zone between $2.26 – $2.36
On the 4-hour chart, XRP is moving sideways in the $2.26 – $2.36 range, forming a consolidation base near the $2.30 mark. The recent high at $2.362 before the correction is a sign to watch. If XRP breaks above $2.36 with increased volume, the next target zone would be $2.50 — a key psychological barrier. Conversely, a break below $2.26 would destroy the current consolidation structure and could lead to short-term selling pressure.
Long-term: MAs confirm bullish trend but caution is needed
On the daily chart, XRP is in a clear recovery cycle after bottoming out at $1,611. The price has now established higher highs and higher lows, reflecting medium-term bullish momentum. The $2.50 area is an important resistance zone, coinciding with the previous high and a psychological barrier. Meanwhile, the $2.10 – $2.20 area acts as important support if there is a correction.
The moving averages are all bullish: the 10, 20, 30, 50, 100 and 200-period EMAs are all below the current price. However, the 100-period SMA at $2,408 remains a potential resistance point that needs to be overcome to maintain the trend.
Divergence Oscillator: MACD Favors Bullish But CCI Warns Sell
The oscillator scenario is quite mixed:
- RSI at 59.6 – neutral.
- Stochastic at 79.4 – close to overbought zone, warning to watch further.
- MACD at 0.02937 is giving bullish signal.
- CCI at 140.9 is tilted to bearish warning.
- Momentum Oscillator and Awesome Oscillator remain neutral.
Trend Assessment
Bullish Scenario: If XRP holds above $2.26 and breaks above $2.36 with increased volume, the rally could continue towards $2.50, opening the possibility of a stronger uptrend in the coming weeks.
Bearish scenario: On the contrary, if $2.26 is broken without strong buying pressure, the possibility of a correction to the $2.20 – $2.10 zone is very clear, threatening the short-term bullish structure.
Conclusion: XRP is in a decisive zone with both breakout opportunities and correction risks. Traders should closely monitor the $2.26 and $2.36 levels and volume developments to make appropriate decisions in the short term. The strength from the MAs is supporting the uptrend, but the divergence signals from the oscillators require clear caution.