XRP Surges 42% as Bullish Momentum Builds, Eyes $3.20 by April End

As April approaches its end, the cryptocurrency market is closely watching the price trajectory of XRP. The digital asset has shown a compelling breakout from a descending triangle on its daily chart, with the price piercing above the $2.03 resistance level. This breakout is supported by rising volume and a newly formed ascending trend line from the April low, signaling a likely trend reversal.

On the 4-hour chart, a symmetrical triangle breakout is evident, with the price escaping above the $2.03 neckline and pushing toward the $2.55 resistance. This continuation pattern, often bullish when forming a mid-trend, shows increasing buying interest. Each candle closes stronger than the last, reinforcing bullish strength as XRP eyes its next key resistance.

The 1-hour chart showcases a strong uptrend supported by higher highs and higher lows. The price clings to a steep ascending trend line and recently broke above a short-term resistance, confirming bullish intent. Multiple retests of support at $2.03 highlight buyers’ dominance. Momentum is clearly in favor of the bulls in this timeframe.

The MACD indicator strengthens the bullish case. On the daily chart, the MACD lines have crossed above the zero line—a classic trend-shift signal. The 4H MACD sharply rises in tandem with bullish candles, while the 1H MACD shows growing histogram bars and positive divergence. Momentum is building and aligning across all charts.

The key resistance zones XRP must conquer are $2.55 and $2.93. The $2.55 level, repeatedly tested and rejected in the past, is a critical breakout point. A successful push above it opens the path to $2.93, a psychological and historical barrier. These levels could briefly slow XRP, but strong momentum may overpower them.

Support at $2.03 has become pivotal after the breakout. Further below, $1.74 remains a major floor. Both levels have held during pullbacks and show significant buyer interest. The current uptrend is also supported by a rising dynamic trend line, offering bulls a solid base for continuation.

Trading volume is steadily increasing, especially during breakouts. Though not yet at peak levels, this gradual volume rise often precedes explosive moves. Volatility is also expanding with bullish candles growing in size—indicating accumulation and potential large-player involvement ahead of a big push.

If XRP maintains its current momentum and decisively clears $2.55, it could climb toward $3.20 before April ends. This would mark a 42% gain from its current $2.25 level. The projection aligns with the height of the previous consolidation zone added to the breakout point. If market sentiment remains bullish, XRP could touch $3.20 by month’s end.

Technical analysis suggests that XRP is poised for a breakout, with buy signals flashing across various indicators. This optimism is further bolstered by the improving sentiment across the broader crypto market, which has seen a resurgence in risk-on behavior. Analysts predict that the average price of XRP could reach around $3, with potential surges pushing it up to $3.15. This optimistic outlook is underpinned by the resolution of Ripple's long-standing legal battle with the U.S. Securities and Exchange Commission (SEC), which has boosted investor confidence.

The potential end to the SEC lawsuit has fueled growth in the XRP Ledger (XRPL) ecosystem, particularly among institutional investors. Ripple's recent acquisition of Hidden Road, a prime brokerage specializing in crypto trading and liquidity solutions, aims to enhance trading volumes for XRP and Ripple’s stablecoin, RLUSD, by improving market infrastructure for institutional clients. This strategic move positions Ripple as a leader in blockchain innovation, with a focus on cross-border payments where XRP serves as a bridge currency for fast, low-cost transactions.

The bullish momentum for XRP is further supported by regulatory optimism and institutional inflows. After dipping below $2 amid early trade war fears, XRP has regained its upward trajectory, breaking above its 50-day moving average and confirming a market reversal on the daily chart. Key resistance levels to watch include $2.50 and $3.20, while support levels are at $1.50 and $2.00. However, broader market volatility or unresolved global trade issues could pressure XRP back to lower support levels, so traders should monitor the Relative Strength Index (RSI), which is currently at 65 and nearing overbought territory.

Looking ahead, XRP is well-positioned for growth in 2025. The SEC settlement and Ripple’s strategic investments signal a maturing ecosystem, but traders should remain cautious of macroeconomic risks. If bullish momentum continues and XRP closes above $2, it could rally toward $2.50, supported by investor optimism. Analysts predict that XRP could climb to $2 by mid-year and potentially test $4 by the end of 2025, provided momentum holds and regulatory clarity improves.