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- XRP’s price remains below resistance, with a break above $3.00 signaling a bullish trend.
- A hold above major support levels could see XRP reach $9.03 in case momentum is kept.
- April’s indecision can plot whether XRP surges above $6.00 or drops to the support.
The price action of XRP is tightly compressed beneath a downtrend line, which suggests a breakout. While the market players await the next large move, technical indicators offer levels of interest that can plot the course of XRP.
XRP Consolidation and Support Dynamics
XRP has been trading in a contracting range, now at $2.3818 with low volatility. The cryptocurrency has tested trendline resistance multiple times but has yet to establish a confirmed breakout.
The 4-hour chart on Binance displays a downtrend trendline that constitutes a key resistance point. XRP’s price has been trapped in a clearly defined range, with support points at $1.9759 and an overall lower support band between $0.9450 and $0.8500.
Crypto General analysis indicates sustained buying pressure could push XRP through resistance, fueling gains to $4.00 and higher. However, if the trendline holds, the price will turn back towards strong support levels, presenting a decisive test for bulls.
Breakout Potential and Market Outlook
Momentum gauges suggest XRP is poised to break out, with a decisive move through resistance having the potential to propel prices to $3.50 and $6.00. Historical patterns suggest that once significant resistance levels are breached, XRP is prone to experience rapid price appreciation.
Source: Crypto General
According to Crypto General, XRP’s all-time trendline since September 2024 is still a good support level. Maintaining prices above this trendline could continue to bolster bull run momentum, leading the way to a move toward $9.0389 in the future.
Assessing the XRP price structure more, Crypto General notices a sequence of higher lows, indicating a prolonged uptrend. A confirmed breakout above $3.00 would indicate new strength and a drop below $1.9759 could expose the asset to bear risks.
With April 2025 approaching, Crypto General anticipates heightened market volatility, which can shape XRP’s next big rally. Traders are eagerly observing price action, as a clean breakout would dictate the direction of the cryptocurrency in the coming months.
