XRP's Price Volatility Surges 20% in 48 Hours

XRP, a prominent cryptocurrency, is currently experiencing heightened volatility and trader interest as of April 10, 2025. The 4-hour chart reveals a significant tug-of-war between bulls and bears, with the price attempting to reclaim key levels. This renewed activity in the past 48 hours underscores the importance of closely monitoring technical patterns, indicator shifts, and market psychology for traders and investors.

Four distinct patterns are visible on the 4-hour XRP chart. A Double Bottom formation between $1.67 and $1.87 suggests a potential trend reversal from the recent downtrend. A Bearish Flag structure was evident before the plunge below $1.70, leading to a dramatic sell-off—a classic continuation signal. A Breakout Reversal Candle near $1.68 indicates a strong bullish recovery, forming a long wick and a full-bodied green candle, which marks a rejection of lower levels. Additionally, a Resistance Flip Zone near $1.96–$2.00, previously a support area, is now acting as resistance after the breakdown. These patterns collectively suggest that the market is in a key transitional phase.

Bollinger Bands on the chart show a recent price breakout from the lower band back toward the upper band, now reaching and rejecting near the upper band at $2.06. The squeeze seen before the expansion was a precursor to the breakout move, indicating increased volatility. The midline of the Bollinger Band around $1.96–$1.97 is proving to be a battleground—the price is currently attempting to sustain above it. Holding above the midline can allow XRP to test the upper band again, while failure may result in a revisit to the $1.87 support. The widening of the bands indicates high volatility and the likelihood of large price swings today.

The MACD (12, 26) shows an early bullish crossover where the MACD line has crossed above the signal line, supported by a rising histogram. This is a positive momentum signal, suggesting that buying strength is increasing. Notably, the MACD was previously deep in bearish territory, indicating a strong reversal move. The histogram has transitioned from red to green with a growing bar size, reinforcing bullish short-term sentiment. However, while the MACD is bullish, it’s still below the zero line, meaning the move is in its early stages and requires confirmation with sustained price action.

Volume analysis shows a significant surge in buying activity on the bounce from $1.67 to $2.06, indicating strong buyer interest at lower levels. The tall green candles formed during this rally, especially the one that pierced through the mid-Bollinger Band, reveal bullish aggression. However, today’s current candle shows a wick on the top side, signaling that sellers are active at higher prices. This type of Pin Bar or rejection candle suggests some intraday profit-taking or resistance near $2.06. If volume fades here, XRP might pull back slightly to retest the $1.96-$1.87 support zone before potentially launching a second leg up.

For today, XRP’s price is likely to oscillate between the key support at $1.96 and resistance at $2.06. A break and hold above $2.06 with strong volume could ignite a move toward $2.20 and even $2.30, especially if the momentum from the MACD continues to build. Conversely, failure to hold above $1.96 might bring XRP back to test the $1.87 or even $1.78 level. Traders should watch for a potential bullish continuation if the price consolidates above $1.96 with narrowing Bollinger Bands. Keep an eye on volume spikes and MACD strength. Today is a key decision day—expect a big move soon, as XRP gears up for its next direction.