- XRP Targets $17 After Flipping $2.19 to Support
- Broadening Wedge Setup Puts $6 Break in Focus
- XRP Inflows Hit $214M, Developer Fix Boosts Trust
XRP is nearing the upper edge of its Ascending Broadening Wedge, currently positioned between $5 and $6. A close above this range could open the path to a measured move toward $17. Recent price action, strong technical signals, and renewed development confidence are aligning around this key resistance level.
XRP Breaks Key Resistance, Trends Toward Upper Channel Boundary
XRP has moved above key resistance levels following a 7.3% rally on April 23, 2025. The price climbed to $2.24 amid a broader market recovery, reversing a potential bearish structure. According to CoinMarketCap data, the asset avoided a mini-death cross and instead is approaching the upper boundary of a long-term ascending broadening wedge.
XRP recently flipped the 50-day Exponential Moving Average at $2.19 into support. As volume increased and the Relative Strength Index crossed above 50, it signaled growing momentum. Technical analysts observed the formation of an inverse head and shoulders pattern, often interpreted as a bullish setup.
DonAlt, a known analyst, noted that XRP’s continued strength above the $2.15 support could trigger a breakout toward $2.72. If the trend holds, it may set the stage for price movement beyond the current wedge boundary, toward the next technical zone around $6.
Developer Fix Restores Confidence Amid Market Recovery
The XRP Ledger (XRPL) developer community resolved a recent SDK vulnerability, which had temporarily halted development activity. On April 22, the updated and secure version 4.2.5 of the xrpl.js library was released, calming concerns around application security and restoring momentum for the network.
This resolution has coincided with an increase in institutional investment. CoinShares reported $37.7 million in inflows to XRP investment products last week. Total year-to-date inflows reached $214 million, ranking XRP third behind only Bitcoin and Solana for 2024.
Traders now focus on whether XRP can close above the wedge resistance between $5 and $6. If confirmed, the technical target extends toward $17 in future sessions.
