- XRP forms a base near $2.00 as RSI and MACD suggest a shift toward bullish momentum.
- XRP holder count climbs to 6.37M, indicating long term investor confidence despite falling open interest.
- A breakout above $2.10 could push XRP to $2.30, while failure may lead to a decline to key support at $1.80.
Ripple’s XRP token continues to see changes as market volatility and global trade policies reshape investor sentiment. On April 12, XRP was trading at $2.03, a 1.77% rise in 24 hours.
Over the past seven days, XRP is down by 4.68%, while its 30 day decline now is at 9.26%. Despite these gains, uncertainty remains due to recent political developments. U.S. tariff policies, introduced under the Trump administration, have injected short-term tension into global financial markets.
This pressure has mildly impacted XRP’s recent momentum, according to market data. However, its long term outlook continues to attract interest due to increasing holder activity and stabilized supply metrics.
Market Outlook Shows Signs of Stabilization
XRP had a strong price rally in late 2024, peaking above $3.50 before undergoing a broad market correction. The current price movement suggests a potential base between $1.70 and $1.80.
Price now consolidates between $2 and $2.50, supported by psychological resistance and the $2 level. A short term push above $2.10 could open room for gains up to $2.30. On the downside, a drop below $2.00 may lead to a retest of $1.80, which is a key support zone.
XRP’s RSI is at 45.13. This places it below neutral levels, but above the oversold line. The RSI previously bounced near 30, suggesting buyers may have stepped in during earlier declines.
Momentum is shifting as the MACD indicator confirms a bullish crossover. The MACD line is now at 0.0004, above the signal line at -0.0970. Although the histogram shows limited strength, it maintains a positive stance.
Activity Declines But Long Term Interest Grows
The XRP network had a noticeable spike in user activity during March, peaking near 9,800 daily active addresses. However, activity has dropped since then, which often aligns with price consolidation phases.
Meanwhile, total open interest also fell sharply following a price peak near $3.38. This drop in open interest suggests reduced speculative behavior in futures markets. In contrast, the number of unique XRP holders continues to climb steadily.
With around 6.37 million holders recorded, long term activity is strong. This divergence between falling open interest and rising holder count indicates a shift toward non leveraged positions.
Short Term Price Scenarios Align With Momentum Trends
Price projections for April 12 depend on upcoming market movements. If XRP breaks above $2.10, it could target the $2.15 mark next. However, renewed selling could see XRP retreat to $1.90 levels. Broader market sentiment and crypto momentum will be key in either case.
