XRP Technical Analysis: 2 APR 2025
XRP is trading inside a bullish ascending trend. Source: TradingView
General View
Since the deviation below the support range, XRP has gradually climbed higher and broken past intra-day barriers, one level at a time. As of now, XRP is ascending higher inside an ascending channel formation. This shows that bulls are currently in control and are likely to push price higher over the coming hours to sessions.
On The Upside
For XRP, $2.25 remains a pivotal level. Strength above this level would be a favorable thing for the bulls if they are to stretch the upside higher towards the $2.35 and $2.40 levels. This is where both horizontal as well as trendline-based resistances are aligned, which can cause short-term profit-takings.
On The Downside
Support remains layered and well-defined. The $2.13 level is the first key line of defense, which aligns with the channel’s support levels, followed by the stronger $2.00 zone. However, as for the session, XRP is taking assistance from the $2.20 level. The longer this support level holds, the better it will be for the bulls.
EMA-50 continues to remain the key support level. Source: TradingView
