XRP (XRP) Price: Crypto Traders Eye Recovery Pattern as XRP Tests Critical Support – MoneyCheck

TLDR

• XRP currently trading around $1.90, down 13.22% in a single day
• Price may drop below $1.80 before a potential bounce back
• Key resistance level identified at $3.21, representing 70% potential gain
• XRP struggling to break through the $2.00 resistance level
• Technical indicators suggest the current downward trend is not very strong

XRP, the cryptocurrency associated with Ripple, has been experiencing significant price volatility. As of April 8, 2025, XRP is trading at approximately $1.90, reflecting a substantial drop of 13.22% in a 24-hour period according to CoinMarketCap.

The cryptocurrency remains active in the market with a market capitalization of $104.24 billion and daily transaction volume of $12.09 billion.

Technical analysts expect XRP may drop below the $1.80 support level in the short term. However, experts suggest this would likely be temporary without permanent damage to its market position.

Check my chart- I’m not expecting a breakdown below $1.80, I’m expecting a deviation below it- aka a false breakdown or fake out below it before the next leg up. It would not be a sign of weakness if we visit sub $1.80 basically.

— CrediBULL Crypto (@CredibleCrypto) April 7, 2025

If the price falls below $1.80, it could trigger fear among investors, potentially leading to increased selling pressure and further price declines.

XRP has experienced considerable price fluctuations throughout 2024, with substantial gains in recent months. The current market downturn is accelerating XRP’s price decline.

The $1.80 price point represents a critical verification level for XRP. Maintaining trading above this threshold will be essential for the cryptocurrency’s near-term performance.

Investors have historically used key price levels as important markers that can halt or slow price movements when prices remain within certain market value ranges.

Price Action and Support Levels

Technical indicators suggest XRP may be preparing to change its current trajectory. Experts believe the cryptocurrency needs a successful recovery from the $1.80 trading zone to regain momentum.

XRP was trading above $2.00 before experiencing selling pressure in April, which pushed its value down to current levels.

The $2.00 zone has previously functioned as price support for XRP. Market participants are expected to enter at the $1.80 level to halt the price decline, potentially causing a rapid bounce back above this level.

The hourly chart shows a bearish trend line forming with resistance at $1.935. XRP is currently trading below $1.950 and the 100-hourly Simple Moving Average.

Initial support on the downside is near $1.850, with the next major support at $1.80. If the price breaks below $1.80, it might continue declining toward $1.740 or even $1.650.

Future Price Targets

If market conditions improve, analysts project XRP could reach $3.21. This would represent gains of approximately 70% from the current $1.80 price level.

After XRP breaks above its support zone, the next resistance level could be $3.21. Currently, XRP remains in a downtrend since entering the market in early 2025.

The Average Directional Index (ADX) indicator is currently below 25, suggesting the current downward trend lacks strength. This increases the likelihood of price recovery in the near term.

During the last uptrend, XRP experienced a remarkable 490.25% increase in trading activity, demonstrating strong trader enthusiasm.

On the upside, XRP faces resistance near $1.935, with the first major resistance at the $2.00 level. Additional resistance levels include $2.05, $2.12, and $2.15.

Increased buying activity and higher trading volumes could push XRP toward the $3.21 resistance level.

The hourly MACD for XRP/USD is gaining momentum in the bullish zone, while the Relative Strength Index (RSI) has moved above the 50 level, providing some positive technical signals.

Despite these indicators, XRP has failed to establish itself above the critical $2.00 threshold, which remains a challenging resistance level to overcome.

Traders should monitor these key support and resistance levels closely as they may determine XRP’s price direction in the coming days and weeks.