- XRP’s Bollinger Band squeeze hints at a potential breakout from current consolidation.
- Long-term bullish targets emerge as XRP’s 6-month candle nears critical June close.
- XRP Ledger upgrades and ETF speculation may draw strong institutional investor interest.
XRP is entering a critical phase as technical and fundamental indicators reveal conflicting signals about its future. The asset, currently priced at $2.12, has captured investor interest due to its narrowing Bollinger Bands on the 4-hour chart. This compression often precedes sharp price moves.
Coupled with rising anticipation over potential upgrades to the XRP Ledger and increasing institutional focus, XRP may soon experience a shift in market momentum. However, with macro and technical pressures still present, traders are proceeding with caution.
Short-Term Hints of a Reversal
According to analyst Ali Martinez, the XRP/USDT 4-hour chart is showing signs of a squeeze within the Bollinger Bands. This usually suggests a breakout is coming. The chart also reveals a consistent downtrend marked by lower highs and lower lows, indicating bearish behavior over recent sessions.
Despite this, there are glimmers of a short-term reversal. A bullish engulfing candle has formed near the lower band, a potential signal of buying pressure building. Resistance stands at $2.10, followed by stronger resistance at $2.14.
If the price breaks above the $2.10 level with notable volume, the trend could shift. If not, bearish momentum could resume. The support levels to watch are $2.04 and $2.00.
Long-Term Outlook: A Bullish Undercurrent?
While short-term charts look uncertain, long-term analysts remain optimistic. Dark Defender, another respected voice in the crypto space, highlighted a bullish structure forming on the six-month XRP chart.
This time frame will close by the end of June, and its outcome could set the tone for the rest of 2025. Price targets of $3.75, $5.85, and even $18.22 have been suggested, though such projections remain speculative.
6-Monthly time frame update on #XRP
— Dark Defender (@DefendDark) April 19, 2025
Be honest: Is it Bullish or Bearish in the next 6 months?
The last candle will be closed by the end of June.
Short-Mid Term Targets: $3.75, $5.85, $18.22 (NFA)
I wish you an excellent weekend and a Happy Easter 🐣with your loved ones!… pic.twitter.com/pmuBkrn8Pe
Additionally, Ripple CEO Brad Garlinghouse has hinted that an XRP ETF might become a reality by 2025. This, along with upcoming XRP Ledger upgrades aimed at improving liquidity, could attract serious institutional capital.
Analyst group XRP Avengers has emphasized the bullish potential, describing the coming months as a possible launchpad for XRP and related tokens like XPUMP.
