As of April 6, 2025, XRP is trading at $2.05, with a market cap of $119 billion and a daily trading volume of $1.87 billion. The price has been swinging between $2.05 and $2.16 in the last 24 hours, and between $1.97 and $2.19 over the past week. Despite holding steady for now, the overall trend suggests that buyers are losing steam.
Short-Term Pressure Is Building
Looking at the hourly chart, XRP has been slipping from its recent high of $2.17, now hovering just above $2.05. Although there were a few small bounce-backs, they didn’t come with strong volume, making them look weak and short-lived. Sellers are still dominating, and there’s no clear sign yet that the price is ready to bounce back for good.
Resistance Still Strong
The 4-hour view tells a similar story. XRP recently fell from $2.23 to $1.96, before a slight recovery. But that bounce didn’t last long — prices are again facing strong resistance near $2.15 to $2.18. Repeated rejections in this range hint at a potential bull trap, where buyers are caught off guard before the price drops again.
Daily Outlook: Trend Still Down
Zooming out to the daily chart, XRP seems to be in a distribution phase — a fancy way of saying smart money might be slowly cashing out. The price is forming lower highs and lower lows, and volume is drying up, suggesting buyers are becoming cautious. XRP is currently stuck between $2.10 and $2.15, but there’s not enough interest yet to spark a fresh rally.
Indicators: Mixed, But Leaning Bearish
Most momentum indicators are neutral right now, but some are flashing early warning signs. The RSI is sitting at 40, and the MACD is slightly in the red, both hinting at weakness. Until these indicators show more strength, it’s hard to argue for a bullish turnaround.
Key Technical Levels to Watch
- Fibonacci resistance zones: Around $2.12 and $2.09 (short-term), and $2.28–$2.51 (longer-term).
- Support zone: Holding the line at $2.05 is crucial — a drop below could send XRP back toward $1.95.
Moving Averages Say: Still a Downtrend
Most of XRP’s short- and medium-term moving averages are pointing down. Only the long-term 200-period moving averages show any bullish support, which means unless we see a strong shift in momentum, the downtrend may continue.
Outlook
Bullish Scenario:
If XRP can stay above $2.05 and push back into the $2.10–$2.15 zone with solid trading volume, it could set the stage for a rebound toward $2.20 or even $2.40.
Bearish Scenario:
If selling pressure stays strong and XRP can’t hold support, the price may slide back toward $1.95 or lower. The current setup favors the bears, unless momentum flips in a big way.
