- XRP tests key resistance at $2.22, with breakout potential toward $2.40.
- April 16 SEC response could unlock XRP’s U.S. growth and institutional interest.
- SWIFT integration on April 21 could propel XRP into mainstream finance.
XRP appears to be at a pivotal moment, with both its technical structure and upcoming fundamental developments aligning to hint at a significant price shift. After gaining over 20% in the past seven days, the asset is now trading near $2.15.
Despite a 3.26% dip in the past 24 hours, investor attention is intensifying. The convergence of technical indicators and potential market-moving events could redefine XRP’s trajectory in the coming weeks.
Bullish Structure Inside Ascending Triangle
According to analyst Ali Martinez, XRP is trading inside an ascending triangle a pattern often associated with bullish continuation. The top of this formation sits near the $2.22 level, which serves as immediate resistance. A breakout above this line could initiate a sharp push toward $2.40. Additionally, XRP is moving within an ascending parallel channel, showing continued strength despite recent volatility.
The XRP/USDT chart highlights that price action recently bounced from the lower boundary of this channel. It’s now attempting to reclaim the midline. Currently, XRP hovers around $2.1180, with critical support at the 0.786 Fibonacci level ($2.0914).
Further support lies at $1.9892 and $1.9205, representing the 0.618 and 0.5 Fib levels. On the upside, resistance stands at $2.2291 and extends to $2.4173, signaling potential breakout targets.
April Events Could Redefine XRP’s Trajectory
Beyond the charts, XRP faces two important events that could significantly impact its narrative. On April 16, Ripple will submit its final response in the ongoing legal case with the SEC. This lawsuit has been a major roadblock for XRP’s U.S. market growth. A resolution or even signs of closure may unlock institutional interest and expand exchange support.
The second catalyst is expected on April 21. Speculation is growing that SWIFT might announce XRP’s integration into its global payments infrastructure. Ripple has already taken part in SWIFT’s DLT interoperability testing. A positive update here could mark XRP’s entry into mainstream financial rails.
