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XRP (XRPUSD) Price Forecast: April 25
Today, after breaking critical hurdles, the XRP market price shows potential growth, eyeing a break above the $3.40 peak value as the bulls remain dominant and leading on the crypto market. From the look of things, the coin may continue its bullish movement if buyers aggressively increase their activities in the market. The coin might climb to the $3.50 upper resistance level and beyond as the crypto market records gains.
Key Levels:
Resistance Levels: $3.40, $3.50, $3.60
Support Levels: $1.95, $1.94, $1.93
XRP (USD) Long-term Trend: Bullish (Daily Chart)
The XRP pair has surged more than 8%, showing potential growth and a renewed market interest in the higher time frame. The coin price is above the moving averages, suggesting a bullish trend. Thus, the recent market structure has favored the bulls.
Today, the XRPUSD market shows potential growth as it rises to the $2.30 resistance mark above the EMA-50 as the daily chart opens, implying that the coin price is in an uptrend, and from the way it is at the moment, it will keep growing.
However, if the buy traders successfully keep the XRP prices above the $3.24 resistance value, a retest of the previous high at the $3.40 level is possible which may further extend the coin price to the $3.50 upper high level in the coming days, demonstrating a strong bullish pattern and increasing investors’ interest in the asset in its higher time frame.
XRP (USD) Medium-term Trend: Bullish (4H Chart)
The XRP market is experiencing a jolly bullish move on the medium-term time view. The price trades above the moving averages, affirming its bullish trend.
Today’s market value of XRPUSD shows a potential growth above the resistance level at a $2.30 supply value above the moving averages as the 4-hourly session opens today, affirming the presence of more buyers in the market.
Hence, if the bulls increase their confidence in the XRP investment, the coin market could see another uphill trend to hit the $2.50 peak resistance barrier, indicating a renewed market interest.
In addition, the daily stochastic pointing upwards suggests a bullish continuation. As a result, the price of XRPUSD might jump to the $3.00 upper high level soon in its medium-term outlook.
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