- XRP rallies 12% as trade fears fuel crypto demand
- MACD hints at bullish shift; $2.58 next target
- Elliott Wave signals explosive move toward $6
XRP has seen a steady recovery in the last 48 hours, gaining momentum amid renewed interest in the broader crypto market. This movement comes as global investors begin shifting capital away from U.S. equities due to rising trade tensions. With China’s counter-tariffs adding to uncertainty, digital assets are showing signs of strength. XRP is now being watched closely as it targets key resistance levels on its potential #XRP ROAD TO $100.
XRP Trades Above $2.10 as Recovery Builds
The XRP token has recovered from recent losses and is now trading at $2.12 as of April 5. It gained 12.54% in the last two days, rebounding from a weekly low of $1.98. This rally came after global markets reacted to China’s tariff announcement against the U.S., prompting capital rotation into crypto assets.
TradingView data shows XRP is currently testing resistance at $2.28. This level aligns with the volume-weighted average price (VWAP), making it a critical point for the next price move. If XRP breaks above this level, the next resistance lies near $2.58, which is close to the upper Bollinger Band.
Although daily trading volume has dropped by 31% to $5.2 billion, the recent surge shows renewed interest. The overall market cap for cryptocurrencies has also stabilized around $2.78 trillion, suggesting short-term strength across major assets.
Technical Indicators Signal Further Bullish Momentum
Technical charts show early signs of a bullish trend. The MACD is moving toward a positive crossover on the daily chart, which often suggests further upward movement. This comes as the XRP price remains above key support at $1.98, which is also the neckline of a head and shoulders pattern formed since December 2024.An analyst known as DarkDefend stated that XRP could enter the third wave of an Elliott Wave pattern. “This phase often leads to explosive price action,” the analyst noted on social media. Some forecasts suggest XRP could reach $6 if bullish momentum continues, and the broader XRP community remains focused on the long-term target of $100.
