- XRP shows resilience above $2.00, signaling potential for breakout despite dips.
- TD Sequential indicator hints at a trend reversal, targeting $2.27 in the short term.
- Historic patterns suggest XRP could surge to $11.00, driven by institutional interest.
XRP is drawing attention again, as technical signals and bullish predictions hint at a potential rebound. Despite recent price dips, the cryptocurrency holds firm above the key $2.00 psychological level. Analysts believe XRP may be on the verge of a breakout, fueled by historical patterns and growing institutional interest.
As of press time priced at $2.03, XRP’s performance suggests resilience, even as it faces short-term market corrections. With a 24-hour trading volume exceeding $6.29 billion and a market cap over $118 billion, the digital asset remains a major player in the crypto market. Traders and investors are closely watching the charts for signs of an upcoming rally.
TD Sequential Flashes Buy Signal Amid Support Retest
According to crypto analyst Ali Martinez, XRP is showing promising signs on its daily chart. The digital asset has remained above the crucial $2.00 support level, even as recent candles turned bearish. A key development is the appearance of a “9” buy setup on the TD Sequential indicator.
This often signals trend exhaustion, suggesting that bears may be losing control. Additionally, a large lower wick formed on April 2, pointing to buying pressure during the day’s trading session.
If XRP maintains support at $2.00 and manages a breakout above the nearby resistance at $2.15, the setup could confirm. A follow-through candle would validate the reversal signal.
Martinez highlights the possibility of XRP targeting $2.27 in the short term, with stronger momentum pushing it even higher. This analysis gains further weight as XRP recently reached its target at $2.04, reinforcing confidence in a sustained uptrend.
Historic Patterns Hint at Larger Surge Ahead
Meanwhile, Steph is Crypto has added to the bullish sentiment with a longer-term prediction. He observes that XRP is repeating a familiar pattern seen in earlier consolidation phases. A previous consolidation between $0.50 and $0.60 in early 2024 led to a rally that peaked at $1.50. Now, the price appears to be forming a similar structure near $1.70, a zone that previously served as strong support.
#XRP IS ABOUT TO EXPLODE!!! pic.twitter.com/P4xnucuFWC
— STEPH IS CRYPTO (@Steph_iscrypto) April 2, 2025
Steph suggests that if this pattern plays out similarly, XRP could witness another breakout, potentially extending its price up to $11.00. His projection is based on historical surges and market behavior from earlier in the year. Moreover, growing interest from financial institutions and optimism around potential ETF approvals may act as catalysts.
