- XRP must reclaim $2.24 with strong volume to confirm bullish continuation ahead.
- Elliott Wave analysis suggests XRP could rally toward $5.86 if key support holds.
- Weekend volatility exaggerated XRP’s spike, highlighting structural vulnerability below $2.24.
XRP traders saw a wave of excitement this weekend following a sharp price spike. However, analysts warn that the move lacked real strength beneath the surface. Despite the surge, XRP remains locked below a crucial resistance zone at $2.24, a level that could determine the next major trend.
Bullish Wave Structure in Play
According to Dark Defender, XRP remains on a bullish Elliott Wave structure despite the recent volatility. The current movement is likely a Wave (4) correction. Key support lies around $1.88, aligning with the 161.8% Fibonacci extension.
Besides, Dark Defender points out that a breakout above the descending orange trendline could kickstart Wave (5). This breakout could drive XRP toward a bullish target of $5.86, matching the 261.8% Fibonacci extension.
Moreover, the Ichimoku Cloud support suggests a bullish bias as long as XRP remains above the $1.88 support. However, falling below this level would significantly weaken the bullish setup, potentially exposing XRP to deeper corrections.
People are getting distracted, but don't be.
— Dark Defender (@DefendDark) April 27, 2025
Next week might be volatile.#XRP will continue to climb to the top.
I will make a projection for you for the Bull Run!
Tick-Tock ⏰ pic.twitter.com/vBKuakitne
XRP’s Weekend Spike and Structural Vulnerability
Meanwhile, CasiTrades emphasized that Sunday’s price spike resulted from a resurfaced old ETF article, not true organic buying pressure. Consequently, the spike above $2.24 was short-lived. Even though XRP touched $2.27, it failed to secure a close above the critical $2.24 mark.
Significantly, CasiTrades warns that unless XRP can decisively reclaim $2.24, the structure remains vulnerable to downside pressure. Until then, traders should remain cautious as weekend sessions often bring exaggerated price moves due to thin liquidity.
XRP’s Sunday Spike: What Really Matters Now! 🚨
— CasiTrades 🔥 (@CasiTrades) April 27, 2025
Happy Sunday, everyone! 👋
This morning, #XRP spiked after an old ETF article resurfaced without a visible date, making it appear like fresh news. 👀 In my opinion, this move was typical weekend activity, not real organic buying… pic.twitter.com/GtdTd4Upct
Additionally, she stressed the importance of focusing on clean technical patterns rather than reacting to noisy headlines. Hence, a true bullish advance would only materialize if XRP builds strength above $2.24 with consistent volume.
Market Overview and What’s Ahead
As of press time, XRP trades at $2.27 with a 24-hour trading volume of $4.13 billion. This reflects a 4.62% increase in the past day and a 7.11% rise over the week. XRP’s market cap now stands at $132.9 billion with a circulating supply of 58 billion tokens.
