- XRP remains above its long-term uptrend, with a potential for growth if momentum builds despite recent volatility and resistance near $2.50.
- The shift to a green Ichimoku Cloud on the weekly chart signals a possible long-term bull trend, with strong support at $2.00.
- XRP has shown reduced volatility since mid-March, but breaking the $2.50 barrier could see it advance toward previous highs near $3.00.
XRP has recently gained 5.78%, trading at $2.19847. This price action comes after a correction from its all-time highs in early 2025. Notably, XRP now faces resistance near key Ichimoku Cloud levels. The cryptocurrency is at a crossroads, with critical price levels between $2.00 and $2.50.
Key Price Action and Ichimoku Cloud Analysis
Crypto analyst Charting_Guy’s analysis on X shows XRP’s price action on the 4-hour and weekly charts. The weekly chart shows a shift in market conditions, as the Ichimoku Cloud has reversed from red to green. This is a possible long-term bull trend. Moreover, the price of XRP is currently above support levels. The cryptocurrency has experienced extreme volatility in recent months, hitting lows of $2.00 and highs of around $3.50.
In 2022 and 2023, XRP faced difficulties due to a bear market. But a change occurred in the middle of 2024, pushing XRP from below $1.00 to above $3.00. In just a few months, this spike amounted to a 400% increase. Despite a pullback in early 2025, XRP remains positioned above its long-term uptrend. Therefore, this indicates the potential for further growth if momentum builds.
Short-Term Outlook and Market Volatility
XRP is consolidating between $2.15 and $2.25 over a 4-hour analysis. Since mid-March, the price has shown less volatility. Given that XRP is currently nearer the lower green channel, support at $2.00 is likely to remain. Strong buyer demand is also demonstrated by the recent April decline below $2.00 and the quick recovery that followed.
Since the January 2025 peak, XRP’s price behavior has stabilized, and its volatility has dropped in recent weeks. Less price movement is shown by the red and green channels’ narrowing. However, XRP may make a swift advance toward its previous peak of $3.00 if it breaks over the $2.50 barrier.
