XRP Surges 1.72% Breaking Key Resistance Level
2min read XRP experienced a notable recovery on April 11, closing the day at $2.0572, marking a 1.72% increase from the previous session. This movement was particularly significant as it broke above the $1.9981 resistance level, which has been a key support and resistance point since late 2024. This daily close indicates a structural shift, suggesting that bulls are regaining control after a prolonged downtrend. If this momentum continues, XRP could be positioned for further gains in the coming sessions.
The candlestick pattern provides early indications of a potential reversal. On April 7, a long-legged doji with a deep lower wick was formed, indicating indecision followed by a strong buyer reaction below $1.90. April 9’s bullish engulfing candle not only closed above the previous day’s high but also reclaimed a major price level. This back-to-back formation suggests a potential bottoming setup, often observed before trend shifts on the daily timeframe.
Momentum indicators are aligning with this price action. The MACD, although still below the zero line, shows early signs of convergence. The MACD line is approaching a bullish crossover with the signal line, while the histogram has ticked into slightly positive territory. This shift indicates a weakening bearish trend and increasing bullish pressure, especially if the crossover is confirmed in the next 24–48 hours. Further confirmation comes from the Momentum (10) indicator, which has turned positive for the first time in over two weeks, currently reading +0.0335. The steady rise from late March lows points to growing bullish momentum, supporting the breakout from both a price structure and momentum perspective—key factors in sustaining upward movement.
A broader view of the chart reveals a potential rounded bottom forming since early April. Price action has gradually shifted from aggressive selling to sideways consolidation and now shows signs of recovery. This pattern typically precedes bullish trend reversals. If XRP maintains higher lows and builds on its current breakout, the structure favors a move toward $2.30–$2.50 in the short term.
Looking ahead, immediate resistance lies between $2.20 and $2.30, with $2.50 as a stretch target. The $2.30 zone is especially critical, as it aligns with the 20-day exponential moving average—a level XRP hasn’t closed above since early March. Should the price maintain its position above $2.00 today, a retest of $2.20 appears likely. However, failure to hold above $1.9981 would weaken the bullish outlook.
XRP has made an impressive move, reclaiming structure and signaling a potential reversal. The combination of bullish candlestick patterns, rising momentum, and MACD improvement all point to strengthening buyer interest. For today, April 12, XRP is projected to trade between $2.00 and $2.20, with the potential to extend higher if buying volume increases. Still, bulls must follow through with continued closes above $2.05 to fully confirm the trend shift. Patience and close monitoring of today’s price action will be key for traders.
