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XRP Price Prediction for April 23

Munene Timothy by Munene Timothy
April 22, 2025
in Binance Feed, Market
Reading Time: 4 mins read
XRP Price Prediction for April 23
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  • XRP trades near $2.08, stuck between $2.05–$2.23, with Bollinger Band contraction suggesting a potential breakout.
  • A death cross and sharp drop in active addresses suggest bearish momentum and fading short-term user interest.
  • Despite weak activity, XRP holders rose to 6.4M, hinting at long-term accumulation as the market consolidates.

XRP continued to consolidate around the $2.08 level on April 22, with a 2.46% daily decline. The asset has also dropped by 3.06% on the week and 12.97% in the last 30 days. Its market cap is at $121.34 billion, a 2.70% decrease within 24 hours. 

Daily trading volume, however, surged by 2.47% to $2.39 billion. The fully diluted valuation reached $207.8 billion, with a volume to market cap ratio of 1.98%. XRP’s circulating supply is at 58.39 billion out of a maximum supply of 100 billion tokens.

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Technical Indicators 

XRP traded just above the 20 day simple moving average, near $2.08, while Bollinger Bands tightened. The upper band was at $2.2284, the middle at $2.0513, and the lower at $1.8743. This contraction points to reduced volatility as the price consolidates.

Source: TradingView

Since March, XRP has repeatedly failed to break resistance at $2.30, though support held firm near $1.85. Price action is flat, stuck within a narrow band. Currently, XRP trades slightly above the middle Bollinger Band, suggesting neutral momentum.

The MVRV Z Score Is at 22.7988. According to historical data, this f places XRP between prior undervaluation and overvaluation zones. The score is well below the overheated level of 59.2779 and above the bullish zone low of 2.0918.

Momentum Drop and Declining Network Activity

The 50 day moving average is at $2.15, while the 200 day moving average is near $2.30. XRP is below both, pointing to present midterm pressure. 

Source: Santiment

In late March, a death cross occurred when the 50 day MA fell below the 200 day MA. Network engagement also declined. Daily Active Addresses dropped steeply from over 600,000 in March to just 13,200 recently. 

This decline shows reduced short term user activity across the XRP ledger. However, the total number of XRP holders continued to grow. Currently, 6.4 million wallets hold the asset, indicating steady accumulation despite reduced user activity.

Price Movement Breakout Conditions

With low volume and shrinking volatility, XRP now moves within a narrow $2.05–$2.23 range. A decisive breakout is expected soon. If price breaks above $2.23 with volume support, it could test the $2.35–$2.45 zone. 

Otherwise, a move below $2.05 may send it toward $1.75–$1.80. Meanwhile, reclaiming $2.15 could shift momentum toward $2.25–$2.30. However, continued activity decline may push prices back to $1.95–$2.00 levels.

Tags: Price AnalysisRipple (XRP) News

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