XRP Technical Analysis: 7 APR 2025
Key supportive range for XRP under pressure. Source: TradingView
General View
XRP once again accelerates the selling after facing a rejection from the diamond top re-test. This has put bulls in a do-or-die situation, as price now approaches a potential breakdown below the key support zone. This support level has held strong for over 120 days, making it one of the most significant zones on the chart. A breakdown here would mark a major shift in market structure, handing full control to the bears at least for the short-term.
On The Upside
If bulls defend the $1.80–$1.90 zone and manage a rebound, the first resistance lies near $2.05, followed by $2.25, where the upper boundary of the diamond pattern and descending trendline await. Unless bulls climb back above $2.25, any strength would be an opportunity to sell.
On The Downside
A clean break and close below the $1.80 support could trigger a sharper sell-off, potentially dragging XRP toward the $1.65 level, where 61.8% Fibonacci support is positioned. Meanwhile, the first support for the session is at the $1.90 level.
XRP’s daily based EMA-250 stands at the $1.80 level. Source: TradingView
