XRP Holds Weekly Kijun-Sen as Analyst Says It Boasts the Strongest Chart Targeting $4.50
April 17, 2025
XRP appears to be taking the lead in crypto market strength, outperforming even Bitcoin, according to an Ichimoku Cloud analysis by Dr. Cat. Notably, XRP has struggled with bearish pressure since February alongside Bitcoin (BTC) and the rest of the crypto market. However, despite the turbulence, XRP seems to be displaying more resilience, as it holds above the $2 support level.
In a recent analysis, market watcher Dr. Cat revealed that the weekly XRP chart indicates a bullish structure, with the asset maintaining important technical levels. As the crypto market struggles with corrections, XRP looks ready to challenge its previous highs, possibly targeting $4.50 by May.
XRP Holds Above Ichimoku Cloud Kijun Sen
Notably, the Ichimoku Cloud on XRP’s weekly timeframe confirms this bullish setup. Specifically, price action is holding above the Kijun Sen, which currently sits at around $2.07, indicating that XRP maintains equilibrium and respects a major support level.
Moreover, the Tenkan Sen rests above the Kijun Sen, forming a bullish crossover. This position implies that short-term momentum continues to favor buyers. Further, the Chikou Span, or lagging line, sits above the price action from 26 weeks ago, a historically bullish indication.
XRP Weekly Ichimoku Cloud | Dr Cat
Meanwhile, the future Kumo or cloud projection further confirms strength. Notably, the cloud is thick and upward-sloping into May, with Senkou Span A holding above Senkou Span B. This cloud formation acts as support in trending markets, and its widening shape points to growing momentum in XRP’s favor.
In addition, volume trends reveal consistent market participation during recent consolidation phases. Candlestick formations also show buyers defending the $2.03 to $2.06 range. Notably, this indicates a trend of accumulation before a potential breakout.
Dr. Cat stressed that XRP’s current structure gives bulls full control of the market. He highlighted that unlike many other altcoins, such as Ethereum, that are already showing signs of entering a bear market on the weekly timeframe, XRP still holds technical superiority.
He also pointed out that XRP remains in a strong position to challenge its all-time highs and could rally toward the $4.50 level in the coming weeks, especially if it maintains its position above the Kijun Sen and continues to build support above the cloud.
Bitcoin Showing Relative Weakness
In contrast, Bitcoin’s weekly chart is less bullish. BTC has broken below the Kijun Sen, currently hovering near $85,000, which shows a loss of equilibrium. Also, the Tenkan Sen has crossed beneath the Kijun Sen, forming a bearish crossover called a death cross.
Although Dr. Cat noted that this bearish signal may be temporary or fake, he admitted that it is a technical point scored by the bears, indicating that Bitcoin must work harder to regain bullish control.
Bitcoin Weekly Ichimoku Cloud | Dr Cat
Price action for Bitcoin remains trapped within the Ichimoku cloud, a zone of indecision where neither buyers nor sellers have dominance. The future Kumo appears thin and relatively flat, presenting limited support and suggesting that any downward pressure could lead to a deeper retracement.
The Chikou Span also lags behind the price from 26 weeks ago, as uncertainty and slowing momentum emerge. Further, trading volume has declined since Bitcoin’s recent high near $110,000, weakening the case for a quick rebound unless momentum picks up.
While Bitcoin attempts to reclaim higher ground, XRP’s chart continues to exhibit textbook bullish characteristics. Moreover, the XRP/BTC chart seems to be recovering after three straight intraday losses. Year-to-date, XRP is up 11.6% against Bitcoin, with XRP changing hands at $2.09, while BTC trades for $84,484.
XRPBTC 12M Chart
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