XRP news today: XRP Spikes 1.5% to $2.27 on ETF Hype, Faces Resistance

Crypto analyst CasiTrades has highlighted the recent price movement of XRP, emphasizing the importance of technical structure over weekend volatility. On Sunday morning, XRP experienced a sudden price spike, which the analyst attributed to the resurfacing of an old ETF-related article. The article, lacking a visible date, was mistakenly treated as fresh news, leading to a temporary price surge that was not indicative of true organic buying pressure. This behavior is typical of weekend markets, where thinner liquidity can exaggerate price movements.

Despite the brief surge, XRP moved above the $2.24 resistance level, a major focus for several weeks. During the spike, XRP reached $2.27 but quickly faced strong rejection. As of the latest update, XRP is back retesting the $2.24 area, which is now acting as resistance again. CasiTrades stressed that until XRP can reclaim and successfully close above $2.24, the technical structure remains vulnerable to a move toward deeper support levels. The $2.24 mark is critical for maintaining bullish momentum. A confirmed reclaim above this level would validate the continued upward trend. Failure to do so could open the door for a pullback toward lower Fibonacci support zones, including areas around $2.08 and $1.95, and further down toward the $1.87 to $1.85 range.

CasiTrades reminded followers that the weekend session typically presents less reliable trading signals due to thinner market liquidity. Price movements can appear more dramatic in such conditions than during regular weekday trading sessions. Additionally, circulating outdated or misleading headlines can further distort short-term price action. The analyst stressed the benefit of focusing on clean technical chart patterns rather than reacting to external noise or sudden news events. In the posted chart, key Fibonacci levels were drawn to illustrate major support and resistance areas. Notably, the .382 Fibonacci level around $2.24 has been labeled as “major support” that now functions as resistance following the rejection. Other key levels identified include the .5 retracement at approximately $2.08 and the larger support zone between $1.87 and $1.85.

The attached RSI (Relative Strength Index) indicator showed XRP approaching overbought conditions during the spike, suggesting the rally was unsustainable without significant volume or real buying interest. In closing, CasiTrades suggested that a bigger technical picture is forming beyond the immediate weekend volatility. While short-term reactions to headlines may generate temporary price movements, the real focus should remain on whether XRP can reclaim the $2.24 level with strong confirmation. Until that happens, the market structure remains cautiously neutral to slightly bearish, with attention on lower support areas if selling pressure increases.

XRP, the native token of the Ripple network, has recently experienced a notable surge in price, reaching $2.27 before facing strong resistance and retreating to test the $2.24 area. This price movement has been influenced by several key developments within the Ripple ecosystem and broader market sentiment. One of the primary catalysts for XRP's recent price increase is the upcoming launch of three new XRP exchange-traded funds (ETFs) by ProShares. These ETFs, scheduled for release on Apr. 30, will provide traders with leveraged exposure to XRP's price through futures contracts. This development has contributed to a more positive outlook for the asset, as it allows for greater market participation and liquidity. Additionally, the potential launch of a spot XRP ETF, which would involve direct holdings of the token, has garnered significant attention. Asset managers such as Bitwise, 21Shares, and Grayscale have filed applications for spot XRP ETFs, with decisions expected around mid-October 2025.

Beyond the ETF space, Ripple's ecosystem is expanding in ways that could impact XRP's long-term utility. Flare Networks, a blockchain platform focused on interoperability, is preparing to launch XRPFi on Apr. 29. This platform will introduce smart contract functionality for XRP holders, addressing a historical gap in the XRP Ledger. XRPFi will enable users to stake, lend, borrow, and trade using FXRP, a wrapped version of XRP, without requiring users to give up custody of their tokens. These developments at the protocol level help explain why XRP's price has strengthened in recent days and why market engagement around the asset remains elevated.

Technical analysis of XRP points to a cautiously optimistic outlook, with the token currently trading within a range of $2.18 to $2.35. Support is established at $2.18, with immediate resistance near $2.36. The 14-day Relative Strength Index is positioned at 51, indicating strengthening bullish momentum. The 50-day moving average has been rising steadily, signaling positive short-term momentum, while the 200-day moving average continues to support the broader view that the longer-term trend is healthy. However, some caution remains necessary, as XRP has recently pulled back below a rising parallel channel, raising concerns about the sustainability of the current rally. If the price fails to reclaim resistance near $2.36, there is a risk that it could decline toward $2.10 or lower in the near term. Conversely, if buyers are able to push XRP above the $2.50 level, the asset could open a path toward the $3 mark.

Various analyses and forecasting tools present a range of possible outcomes for XRP's price. According to a technical analysis by Dark Defender, XRP is currently completing a corrective phase within a descending wedge pattern, with a potential breakout initiating a strong upward move. The primary target is around $5.85, with a minimum breakout confirmation seen if XRP moves above $3.39. A more speculative scenario suggests potential upside as high as $8.50, depending on broader market conditions. Meanwhile, CoinCodex's five-day projection points toward a possible rise to approximately $2.51, with one-month and three-month forecasts showing a potential pullback to near $1.99 and $1.69 respectively. DigitalCoinPrice provides a longer-term outlook extending through 2030, projecting an average price around $4.90 for 2025, with a potential high near $5.09, and a gradual climb to an average price of $12.21 by the end of the decade. However, it is important to remember that these projections are based on historical price behavior and real-world factors, liquidity conditions, and broader market sentiment will ultimately determine whether this projected path materializes.