XRP Technical Analysis: 3 APR 2025
XRP’s ascending trendline under threat! Source: TradingView
General View
XRP is starting to lose its grip on the ascending trendlines, a concerning development for bulls. While the horizontal support region around $2.00–$2.05 is still holding, the pressure from sellers is increasing. If buyers don’t step up soon, XRP could be at risk of a deeper decline. Additionally, the previously formed diamond top pattern has now seen a retest, followed by renewed selling, suggesting a confirmed breakdown. Bulls need to reclaim higher levels quickly to counter this bearish confirmation and prevent further downside.
On The Upside
If XRP holds above the $2.00–$2.05 support range, a short-term rebound is possible. The first target for recovery sits around $2.15, which aligns with a local resistance trendline. A strong push beyond $2.15 could extend gains toward $2.35, where the upper boundary of the triangle acts as a key barrier. Additionally, there will be more resistances aligned at $2.18 and $2.25 levels.
On The Downside
Failure to hold above the $2.00 support could expose XRP to lower levels. A break below $1.98 would indicate increased bearish pressure, potentially driving the price toward $1.90, where a 50% Fibonacci retracement is positioned. If the sell-off accelerates, further declines into the $1.75–$1.70 range become more likely, where a more significant reaction from buyers can be expected.
XRP’s selling to intensify as price faces rejection. Source: TradingView
