- XRP Forms Bullish Triangle Near $2.22 Resistance
- April 16, 21 Could Trigger XRP Price Breakout
- SWIFT Speculation May Push XRP Toward $3
XRP is trading at $2.13 after gaining over 26% during the past week. The token has reclaimed its 20-day EMA at $2.10, showing signs of technical strength. Traders are now focusing on the $2.22–$2.25 resistance area, which could be the next breakout zone. Two events in April could decide whether the price continues rising or pulls back.
Technical Pattern Points to Breakout Above $2.22
XRP has formed an ascending triangle pattern on the hourly chart, with resistance at $2.22 and higher lows, according to analysis prepared by Ali Martinez. The pattern suggests rising demand and possible breakout conditions if volume increases.
XRP bounced from $1.85 and reclaimed the 0.618 Fibonacci level near $1.98, supporting a bullish setup.The 1.0 Fibonacci extension is also placed at $2.22, adding weight to the breakout zone. If this resistance is breached, the next target is $2.40 to $2.42.
Martinez adds that this zone also matches the upper boundary of a visible parallel channel. However, an observation by TradingView analyst vallijat007 notes that the RSI is currently around 48, showing a lack of strong momentum. The MACD indicator shows a weakening bullish signal, and a failure to hold support at $2.05 could push the price back to $1.90.
Key Dates in April May Shift Price Direction
Crypto influencer John Squire has mentioned that April 16 and April 21 are key dates for XRP. Ripple is expected to file its final response in the SEC case on April 16, which could affect institutional interest in the asset.
The case has been ongoing for several years and has impacted XRP’s availability on U.S. exchanges.On April 21, speculation continued around a possible announcement from SWIFT about integrating XRP into its payments system.
Ripple participated in blockchain pilot programs with SWIFT in 2023. If this collaboration is confirmed, the move could bring larger financial institutions into the XRP ecosystem and push the price above $3.
