12th April 2025 – (New York) Ripple’s native cryptocurrency, XRP, is currently trading at $2.04, reflecting a 1.84% increase in the last 24 hours. Despite broader market challenges, technical indicators suggest the possibility of a breakout toward $2.40, a significant price point that aligns with key resistance levels and a Point of Control (POC).
While XRP has shown resilience, the long-term trend remains bearish, characterised by lower highs and lows. Over the past week, XRP has declined by 4.55%, and over the past month, it has dropped 8.52%. However, recent liquidity sweeps hint at an accumulation phase, potentially setting the stage for a recovery.
Crypto analysts have highlighted the $2.40 level as a critical target. This price point represents a zone of significant trading volume and intersects with a descending resistance line that has constrained XRP’s upward movement in recent months. If XRP successfully breaks out above this trendline, it could signal a reversal in the bearish trend.
Recent data also points to a surge in active wallets, with XRP registering a 620% increase in wallet activity. This growth surpasses that of Bitcoin, which saw only a 10% rise in the same period.
April has historically been a strong month for XRP, with an average monthly performance of 24.3% over the past decade. While the cryptocurrency is down 1.10% for April so far, its current momentum suggests it could reclaim the $3 level before the month ends.
Regulatory developments have also contributed to market optimism. Ripple recently settled its long-running legal dispute with the U.S. Securities and Exchange Commission (SEC). Additionally, filings for XRP-focused exchange-traded funds (ETFs) could further bolster the cryptocurrency’s value in the long term.
Despite these positive signals, traders are advised to remain cautious. The broader market remains volatile, and XRP’s ongoing rally needs a confirmed breakout above the downtrend line to validate a full trend reversal. With a 24-hour trading volume of $6.55 billion and a market capitalisation of $119.44 billion, XRP remains a focal point for investors, but its trajectory hinges on clearing key technical hurdles.
