Quickly understand the history and background of various well-known coins

XRP news today: XRP Bullish Momentum Builds As Key Resistance Approaches

Coin WorldSunday, May 4, 2025 4:53 am ET

1min read

Crypto analyst xaif has recently suggested that XRP is on the verge of a significant price breakout. According to Xaif's analysis, XRP has been following a descending trendline that has acted as resistance since early 2025. This trendline, if broken, could potentially propel XRP to new heights, rewarding those who bought the dip.

Xaif's chart indicates that XRP is currently trading at $2.2211, slightly above key moving averages such as the 50-day EMA ($2.2057) and the 100-day EMA ($2.2197), and well above the 200-day EMA ($1.9902). This positioning suggests growing bullish momentum. Additionally, the digital asset is approaching the Supertrend resistance at $2.36, which aligns with the trendline highlighted by Xaif. A breakout above this area could confirm a shift in trend.

The technical indicators support a bullish outlook for XRP. The digital asset recently escaped a death cross on the one-hour chart, and its volume reflected continued interest. The MACD line has crossed above the signal line, with green histogram bars indicating increasing bullish momentum. The Supertrend indicator issued a buy signal in March, and price action has respected that call since, holding above the 200-day EMA and forming higher lows.

Xaif’s chart shows a potential breakout target above $2.80, should XRP close above the long-standing trendline. Some analysts are confident that XRP can hit a new all-time high soon. Intermediate resistance levels include $2.36 and $2.5095. If XRP clears those, the conditions could support a broader move higher. The downtrend that started earlier this year has seen multiple lower highs, but recent price action suggests that bearish momentum is weakening. The asset is now consolidating tightly beneath resistance, setting up for a possible move in either direction.

Those who entered on recent dips may get in a favorable position if the breakout materializes. Xaif commended everyone who bought the dip, as XRP has struggled in recent months while prominent experts called on the community to accumulate tokens. One expert recently described current price levels as a blessing from above, and those who buy in early will gain the most when these predicted surges start materializing.

While the trader's analysis and the analyst's forecast provide a bullish outlook for XRP, investors should exercise caution and conduct their own research before making any investment decisions. The potential for significant gains is always accompanied by the risk of substantial losses, and it is crucial to approach the market with a balanced perspective.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.