XRP images it is showing signs of entering a new bullish phase, with recent price action and long-term trends indicating the possibility of a more prominent move.
The sentiment is supported by XRP retrieving the $1.40 level, an important piece of sentiment and technology that is strengthening the growing hope that a major expansion is underway.
In this line, analyzing the weekly chart is Crypto Catalysts it shows XRP is coming out of a long consolidation phase from 2022 to 2024.
This was followed by the 2025 rally to $3 and the subsequent bounce back which has settled around the $1.30 and $1.40 support zone. This design reflects the old trends where side moves lead to big gains.
With resistance close to $3, holding above the current support can drive a retracement of that level, while a breakout can open the way up. The analyst’s figure estimate shows $5 as the next target.
The most bullish estimate puts XRP as high as $32, meaning it will rise nearly 2,100% and move into the trillion dollar zone.
In this case, the speculative meeting could push the XRP market to about $1.9 trillion, making it the largest crypto currency comparing Bitcoin (BTC) keep the size small during this time.
XRP SuperTrend token
The potential of the XRP rally has also been shown by crypto expert Ali Martinez. In April 18 post on X, showed the first signs of a reversal after the SuperTrend indicator rose on the daily chart for the first time since January 17.
The reversal follows months of bearish pressure and a sell-off after the initial decline.
XRP has settled around the $1.30 and $1.35 support zone, where buyers have been constantly entering it, and the price is now rising to $1.47 as it moves and the SuperTrend acts as the next support.
However, $1.55 is still a major area of resistance, as it was recently tested. A daily close above this level could confirm a breakout and initiate a larger rally, with the next target near $1.90 depending on the areas that have declined.
The price of XRP
As of press time, XRP was trading at $1.43, down about 2.3% in the past 24 hours. During the week, the stock remains up more than 7%.
At the current price, XRP is slightly above its 50-day moving average (SMA) of $ 1.38, which means that the short-term support holds and the price maintains a small bias of strength in the near future.
However, the 200-day high SMA at $1.90 is showing a significant downside, indicating that XRP is still below the long-term resistance level and has yet to regain significant strength.
Day 14 RSI at 64.94 is neutral but is approaching the overbought zone, indicating buying pressure and a profit-maximizing position, although a short-term pullback is possible if the strength starts to fade.
