XRP's Bullish Momentum Continues, Targeting $2.35-$2.45

Generated by AI AgentCoin World
Thursday, Apr 17, 2025 3:50 am ET2min read

XRP has shown signs of a bullish recovery on its daily chart, forming a rounded bottom pattern that suggests a potential trend reversal. The Bollinger Bands are tightening, indicating decreased volatility and a possible breakout. XRP is trading slightly above the middle band, signaling moderate bullish momentum. The MACD histogram has crossed into the positive zone, with the signal line on the verge of a bullish crossover, confirming upward pressure.

On the 4-hour chart, XRP has formed a classic bull flag pattern, which is a typical continuation pattern in an uptrend. This formation indicates that buyers are taking a breather before another leg up. The Bollinger Bands on this timeframe are slightly expanding, hinting at a potential breakout from the flag. The MACD line is crossing above the signal line, confirming growing bullish momentum. If the breakout is validated, XRP could retest recent local highs.

The 1-hour timeframe further supports the bullish case. Price has broken above short-term resistance at $2.05, turning it into new support. This breakout is backed by increasing volume, a key confirmation of strength. The MACD remains in bullish territory with its lines wide apart, indicating continued momentum. Bollinger Bands are widening, signaling that volatility is returning to the market. The price hugging the upper band also implies buyers are in control, at least for the short term.

Across all timeframes, volume trends support the recent upward move. Bullish candles are forming on increased volume, suggesting institutional interest or significant retail buying pressure. The golden cross that occurred in late 2024 on the daily MACD continues to influence long-term sentiment. XRP’s consistent ability to bounce from higher lows across timeframes confirms the overall trend remains bullish.

XRP’s historical price action shows a tendency to rally strongly after periods of compression. Previous breakouts from similar setups led to substantial moves within a few trading days. Immediate resistance is at $2.25 — the upper Bollinger Band on the daily chart. A breakout above this level would open the door toward the $2.50–$2.75 region, where the price has previously found resistance in early March 2025. Key support rests at $2.00 and then $1.87, aligning with the lower Bollinger Band and recent

lows.

The MACD across all timeframes confirms bullish divergence. On the daily chart, the MACD is turning positive after weeks of hovering below the zero line — a strong reversal signal. The 4-hour and 1-hour charts show widening MACD lines with upward histograms, reinforcing short-term bullish bias. Bollinger Bands remain a helpful guide: price consistently rebounding off the mid-band on multiple timeframes suggests sustained buying interest. These confluences build a compelling bullish narrative.

Based on the current technical setup, XRP is likely to maintain its bullish momentum for the rest of the day. If the price sustains above $2.05 and breaks the immediate resistance at $2.25, XRP could target the $2.35–$2.45 range by the day’s close. Failure to hold above $2.05 may lead to a minor retest of $2.00, but strong support should limit downside risk. Overall, market structure, indicators, and recent volume spikes suggest that XRP is primed for a continuation toward its previous highs — possibly setting the stage for a run at its all-time high (ATH) in the coming weeks.

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