XRPtraded at $2.29 on April 29, 2025, with a market capitalization of $133 billion and a 24-hour trading volume reaching $2.82 billion.
Over the past 24 hours, XRP moved within an intraday price range of $2.26 to $2.31, suggesting a phase of minor volatility amid broader consolidation patterns.
XRP
On the 1-hour chart, XRP is demonstrating consolidation following a sharp upward movement, with prices oscillating between $2.25 and $2.30. Low volume on red candles indicates selling exhaustion, hinting at a potential bullish setup in the short term. A mild bullish flag or rectangle pattern appears to be developing, a formation often associated with continuation moves in technical analysis. Should XRP break above the $2.30 level with a successful retest, it would signal a scalper’s entry for a potential short-term rally. Conversely, a drop below $2.25 would suggest a loss of momentum and the possibility of a deeper retracement.
XRP/USDC 1H chart via Binance on April 29, 2025.
The 4-hour chart shows XRP consolidating in a defined range between $2.26 support and $2.36 resistance. The price peaked at $2.362 recently before pulling back, with the current action forming a base around the $2.29 to $2.30 zone. Decreasing volume after the peak to $2.362 reflects fading upward momentum, a typical precursor to either a breakout or a breakdown. A move above the $2.36 resistance with strong volume would support the case for a bullish continuation toward the $2.50 zone. On the flip side, a breach below $2.26 could negate this consolidation structure and invite further downside risk.
XRP/USDC 4H chart via Binance on April 29, 2025.
On the daily chart, XRP has been recovering from a significant drop to $1.611 and is currently forming higher highs and higher lows, establishing a short-term uptrend. The asset is testing resistance levels near $2.50, which coincides with psychological levels and previous wick highs. A notable spike in volume near the bottom suggests strong buyer interest, although current volume tapering off could imply consolidation or waning strength. Critical support lies between $2.10 and $2.20, and a pullback to this area with low selling pressure would be viewed as a healthy retest for potential continuation higher. Traders should watch for signs of rejection near $2.50 to anticipate possible short-term tops.
XRP/USDC 1D chart via Binance on April 29, 2025.
Oscillator readings offer a mixed but cautiously optimistic outlook. The relative strength index (RSI) at 59.66184 stands neutral, while the Stochastic at 79.42403 also indicates neutrality. However, the commodity channel index (CCI) at 140.97267 suggests a negative signal, and the momentum oscillator at 0.19837 further corroborates selling pressure. The Awesome oscillator, printing a value of 0.12944, remains neutral. Of particular interest, the moving average convergence divergence (MACD) level at 0.02937 is flashing a positive signal, which could indicate growing bullish momentum if confirmed by price action.
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Moving averages (MAs) are overwhelmingly positive for XRP across various periods. The exponential moving averages (EMA) for 10, 20, 30, 50, 100, and 200 periods all signal optimism, with respective values such as $2.21135 for the 10-period and $1.98356 for the 200-period. Similarly, the simple moving averages (SMA) for 10, 20, 30, and 50 periods also support bullish actions, while the 100-period SMA at $2.40872 stands as the only bearish signal. This overall strength in MAs underscores the underlying bullish bias, though traders should remain vigilant at key resistance zones.
Bull Verdict:
XRP’s technical structure leans bullish across multiple timeframes, supported by strong moving averages and a bullish signal from the moving average convergence divergence (MACD). Provided XRP maintains support above $2.26 and achieves a breakout above $2.36 with rising volume, the next logical target remains the $2.50 resistance area, potentially setting the stage for a continued upward trend.
Bear Verdict:
Despite XRP’s short-term uptrend, the combination of weakening volume, neutral oscillators, and a sell signal from both the commodity channel index (CCI) and momentum oscillator warrants caution. Failure to hold the $2.26 support level could trigger a deeper pullback, potentially revisiting the $2.20 or even $2.10 support zones, undermining the recent bullish momentum.