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XRP Price Prediction for April 06

Munene Timothy by Munene Timothy
April 5, 2025
in Binance Feed, Market
Reading Time: 4 mins read
XRP Price Prediction for April 06
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  • XRP trades at $2.13, below 20, 50, and 200-day MAs, indicating short-term weakness despite a slight 24-hour gain.
  • Active addresses plunged to 14.1K, yet holders rose to 6.34M, suggesting long term faith amid short term uncertainty.
  • Key support is at $2.10; break below risks $1.97, while volume surge could push XRP toward $2.30–$2.35 resistance.

On April 5, XRP was trading at $2.13 at press time. The token has gained 3.31% in the last 24 hours, though it remained flat over the past week with a minor 0.28% increase. However, XRP dropped 15.12% over the past month. 

This combination of mixed performance shows growing indecision in the market. XRP’s market cap is at $124.4 billion, up by 3.28%, while 24-hour volume increased by 4.75% to $5.1 billion. Circulating supply is at 58.27B tokens, with the maximum capped at 100 billion.

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Consolidation Below Key Averages

The price traded slightly above short term support, trading below the 20-day Simple Moving Average of $2.27. Bollinger Bands indicate tightening ranges, with upper and lower bands at $2.57 and $1.96 respectively. 

The price currently remains below both the 50-day and 200-day moving averages, at $2.31 and $2.28. This crossover may reflect weakening short-term momentum. 

Source: TradingView

The daily range on April 5 recorded a low of $2.11 and a high of $2.14. The Bollinger Band pattern shows reduced volatility, while the price consolidated around $2.13. Volume has had slight increase but lacked any sharp spikes. 

This suggests moderate buying interest without clear directional conviction. The MVRV Z-Score reached 21.95, placing XRP in a moderately overvalued zone, outside its historical undervalued range of 2.09 to 7.09.

On-Chain Metrics Indicate Mixed Sentiment

Daily active addresses dropped sharply from over 600,000 in mid-March to approximately 14,100, indicating reduced on-chain activity. This decline may suggest a pause in speculative behavior or a temporary drop in transactional use. 

Source: Santiment

However, the total number of holders rose steadily, reaching 6.34 million. This trend shows long-term accumulation, even as short-term utility softens. Despite reduced activity, the holder base shows resilience. 

Yet, without corresponding increases in network usage, price strength remains under pressure. The disconnect between rising holders and falling activity highlights current market uncertainty. 

April 06 Dependent on Volume and Support Levels

XRP’s support is near $2.10. A break below may push the price to retest the $2.00–$1.97 range. However, a rise in buying volume could send the price toward $2.25–$2.30, and potentially test resistance near $2.35. 

Sustained movement above $2.27 may validate bullish strength, while low activity levels continue to pose downside risks. XRP’s next move could depend heavily on volume shifts and price behavior around the $2.10–$2.27 zone.

Tags: Price AnalysisRipple (XRP) News

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