HomePrice PredictionsXRPXRP Fights to Negate Diamond Top – Can $2.50 Be Reclaimed?

XRP Fights to Negate Diamond Top – Can $2.50 Be Reclaimed?

Date:

XRP Technical Analysis: 1 APR 2025

XRP Technical Analysis

Ascending trendline support shields the price against any further drop. Source: TradingView

General View

XRP is currently attempting to recover after a prolonged downtrend, with bulls stepping in at a key demand zone around $2.00. The price remains confined within a large symmetrical triangle, with both resistance and support lines converging. Notably, a previous diamond top formation, which signaled a bearish phase, is now being challenged by bulls trying to negate its impact. The ascending trendline support remains intact, but buyers need to sustain momentum to prevent further breakdowns.

On The Upside

XRP is challenging the intra-day resistance level of $2.15 and is attempting to penetrate past it. If successful, the upside will stretch further towards $2.25 and $2.30 levels. These are the levels that will be difficult for bulls to break on the first attempt, hence, some profit-taking around these levels can’t be ruled out.

On The Downside 

XRP’s support at $2.05 to $2.00 did its magic as bulls restricted any XRP from entering a phase of renewed sell-off. The reaction from this support level has made this region even stronger, and for any further decline, a lower remains unlikely as long as this support stands strong.

XRP Technical Analysis

XRP’s diamond top is getting negated. Source: TradingView

You May Also Like

Bull Flag Ignites! ADA Eyes $0.75 After Breakout!

ADA Technical Analysis: 9 MAY 2025ADA initiates the bullish breakout! Source: TradingViewGeneral ViewAfter an extended consolidation phase, Cardano has decisively broken out of the range, initiating the second leg...

SOL Forms Bullish Reversal Pattern, But Neckline Stands Firm!

Solana Technical Analysis: 9 MAY 2025Solana reclaims the key supportive levels. Source: TradingViewGeneral ViewPrice has steadily climbed in recent days, reclaiming lost ground and pushing back into a key...

XRP Eyes Breakout Towards $2.40 as Cup & Handle Establishes!

XRP Technical Analysis: 8 MAY 2025XRP is establishing a bullish cup and handle pattern. Source: TradingViewGeneral ViewXRP is gradually building bullish pressure, showing strong momentum above the key demand...

Ethereum: Hold $1852 or Risk Falling Back to $1700!

Ethereum Technical Analysis: 8 MAY 2025Price breaks after 15 days of sideways movement. Source: TradingViewGeneral ViewAfter almost 2 weeks of constant rejections, Ethereum finally pushes past the intra-day barrier...
Usman Ali
Usman Ali
A writer and market analyst with expertise in cryptocurrencies. He focuses on delivering clear, insightful, and well-structured content, emphasizing advanced trading strategies and in-depth market analysis. His writing style prioritizes clarity and professionalism, ensuring that complex market trends are easy to understand. He is keen on keeping his work organized, direct, and valuable for his audience.

Subscribe To Our Weekly Picks!

- Join over 76,000+ subscribers

- Weekly picks delivered to your email

- It's free to subscribe!

Latest Altcoin News

SPONSORED ADVERTISEMENTspot_img

Latest News Stories

Wellgistics Bets $50M on XRP to Revolutionize Healthcare Pay

Wellgistics Health will use a $50M credit line to integrate XRP for faster, low-cost...

Senators Probe Trump-Binance Ties—Demand Answers from Treasury, DOJ

Democratic senators pressed Treasury and Justice to probe Trump family's financial links with Binance.A...

SEC Ends Legal Battle With Ripple in $50 Million Settlement

Ripple and the SEC agreed to settle their XRP lawsuit with $50 million payment...

Missouri Set to Become First State to Eliminate Capital Gains Tax

Missouri’s bill exempts capital gains from taxes, aiming to attract crypto investments.The tax exemption...

Celebrity Liability in FTX Collapse—Did They Really Know the Risks?

A Florida judge dismissed most claims against celebrities like Tom Brady and Stephen Curry,...