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Analyst Says XRP Showing Bullish Signs, But Is Momentum Sustainable?
April 15, 2025
A prominent analyst observes the recent XRP surge and highlights bullish signs but questions whether the momentum will be sustainable in the coming days.
XRP has gained momentum over the past week, surging by 22% and surpassing the $2 mark for the first time in several months. As of today, the crypto asset is trading at $2.14, reflecting a modest 0.52% increase in the last 24 hours.
While the uptick has caught the attention of many, an analyst is questioning whether XRP can maintain this upward trajectory. Notably, several important indicators suggest bullish and cautious signals.
Cooling RSI and Bullish Indicators
Core DeFi Researcher on X observed that XRP’s Relative Strength Index (RSI) surged dramatically from 34.7 to 67.8 in just six days, signaling a shift from an oversold to near-overbought condition.
However, the RSI has since cooled slightly to 60.5, indicating that momentum may have slowed but remains between neutral and bullish. This suggests that while XRP’s price action remains bullish, the market could be entering a phase of consolidation or a brief pause after such a rapid rally.
More Bullish Outlook
In addition to the RSI, Core DeFi Researcher pointed to the Ichimoku Cloud analysis, which presents a more bullish outlook. As seen from the chart, XRP is currently trading above the cloud, as well as the Tenkan-sen and Kijun-sen lines, signs of a bullish trend.
The presence of a green cloud ahead further supports the possibility of continued upward momentum. However, narrowing gaps and flatlining indicators indicate that bulls may be losing steam, potentially leading to a brief pause before any further price movement.
The analyst also highlighted a tightening of the Exponential Moving Average (EMA) lines, signaling the potential for a golden cross—a bullish pattern where the short-term EMA crosses above the long-term EMA. If this pattern materializes, XRP could break above the $2.23 resistance level and potentially move toward $2.50.
Key support levels sit at $1.96 and $1.61, which could act as significant defense zones if the breakout fails to materialize.
Ultimately, the analyst says XRP is showing strong bullish momentum, but the crypto’s momentum must hold.
Strong Support at $1.6 – $2 Range
Meanwhile, pseudonamed analyst $0uL also provided insights into XRP’s price action, pointing to a significant price pattern that could signal a bullish reversal. $0uL used a 1-day chart, indicating that XRP has consistently bounced off key support levels between $1.6 and $2.
This repeated failure to break below these levels suggests strong buying interest, which could pave the way for further upward momentum.
According to $0uL’s analysis, XRP’s rebound from the recent support just above $1.6 in early April indicates a recovery is underway, and a breakout could lead to substantial upside potential.
The target identified by $0uL is around the $3.40 to $3.60 range, representing a potential price increase of about 68.22% from XRP’s current level of $2.14.
Key Support Zones Per Casi Trades
In a different analysis, Casi Trades offered a more cautious view of XRP’s current price action, focusing on the key support zones that could determine the asset’s next move. Casi noted that the $1.90 level, which aligns with a .5 Fibonacci retracement, is a crucial area for a potential short-term bounce.
Additionally, the $1.55 level, marking the .618 Fibonacci retracement, is another important support zone that could play a pivotal role in XRP’s price action. Casi also referenced the Elliott Wave Theory, with the $1.55 level corresponding to the Wave 2 target, which could signal a reversal if the price fails to hold these key levels.
Casi highlighted that the RSI across multiple timeframes is showing bearish signals, which could suggest a shift in market momentum.
Given these developments, she cautioned that the focus should not be on pinpointing exact tops and bottoms but rather on staying grounded in the market structure. She advised traders to prepare for potential opportunities without reacting impulsively to market fluctuations.
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