XRP Technical Analysis: 6 APR 2025
XRP is standing at an important mid-point open toward both upside and downside. Source: TradingView
General View
Bulls managed to put together a couple of strong sessions, pushing XRP off recent lows. However, the upside move has stalled, creating a bit of a slowdown in momentum. Price action remains steady above intra-day support, suggesting buyers are still active, but they need to step up soon to avoid a deeper retest. With XRP trading inside an inverse and shoulder pattern and volatility compressing, expect increased price swings in the coming hours.
On The Upside
XRP must reclaim the key intra-day resistance levels at $2.16 once again and establish a stronghold above $2.25 level. Price yesterday failed in grabbing strength above the $2.25 level, which has led to partial profit-taking. For XRP, $2.25 remains a breakout level, as a push above this unlocks $2.35 and $2.40 levels.
On The Downside
Failure to hold above the descending trendline support could bring pressure back on the $2.01 intra-day support. If sellers regain control and force a break below this level, downside momentum could extend toward the stronger short-term support at $1.93–$1.90, negating all bullish efforts.
XRP is inside an inverse head and shoulder pattern. Source: TradingView
