- XRP must flip $2.25 into support to target $2.40–$2.60; failure risks reversal to key $1.90 support.
- Ascending Broadening Wedge hints at high volatility; only a close above $3.50 confirms bullish breakout.
- $1.90 aligns with the 200-day EMA, making it critical support; losing it could open path to deeper losses toward $0.65.
XRP is at an important point as bulls and bears contest control around $2. According to market analyst Ali, if XRP can maintain strength above $2, a potential 30% surge toward $2.60 could follow.
This projected move aligns with the channel’s upper boundary, a key resistance that XRP failed to break during its recent rally. XRP is trading at $2.12, recovering from a dip below $2.05 and re-entering the $2.09–$2.13 range. However, the next leg depends on how the market responds to nearby resistance zones.
Bullish Breakout Depends on Reclaiming $2.25
Support has remained firm near $2.01, with multiple tests between March 29 and April 1 confirming strong buying interest. Prices repeatedly bounced from this area, indicating buyers are actively defending that zone.
Now, XRP must overcome $2.25, a resistance created from prior support and the March 22–25 consolidation period. A successful move above $2.25 may lead to $2.40. This mid-range resistance previously triggered sell-offs and remains a key zone to watch.
Above that, the $2.55–$2.60 region is the major resistance top. XRP reversed sharply from this level in mid-March. Flipping $2.25 into support remains essential before XRP can attempt another move toward this ceiling.
Price Pattern Hints at Broader Formation Risk
Analyst Egrag Crypto introduced a broader technical setup, a possible Ascending Broadening Wedge, indicating increased volatility ahead. The pattern carries a 70% chance of breaking down and only 30% chance of an upside breakout.
For this pattern to confirm a bullish move, XRP must first close above $3.50. If rejected near $5 and unable to sustain a close above that level, a retest of $1.90 would likely follow. The structure only completes if XRP hits $6 and holds above that range.
If successful, a move toward $17.50 remains technically valid within the wedge projection. However, failure to maintain support at $1.90 could expose XRP to deeper losses. The $0.65 zone, marked as historical support, becomes the next target in such a scenario.
Moving Averages and Key Zones to Watch
XRP is trading below the 50-day EMA, a sign of short term bearish momentum. Meanwhile, the 200-day EMA coincides with the $1.90 support area, creating a key level of interest.
Notably, holding above $1.90 could revive bullish momentum toward $3.50 and beyond. However, a break below this level may increase downside pressure.The market is eyeing both $1.90 and $2.25. Volume and market news will determine XRP’s next direction.
