- XRP holds $2.19 support with 6.58% weekly gains, but remains 10.37% down from last month with a cautious trading volume drop.
- Bollinger Bands show XRP in consolidation; breakout above $2.29 could trigger bullish move, while $1.85 remains key support.
- XRP stays above its 50 and 200 day MAs, signaling long term strength, but MVRV Z-score near 26 suggests potential correction ahead.
XRP held steady at $2.19 on April 25, showing slight gains of 1.42% in the past 24 hours. Over the last seven days, the asset rose by 6.58%, yet it remains 10.37% lower than it was a month ago. The market cap surged by 1.66% to $128.58 billion.
However, the 24 hour trading volume fell by 9.03% to $4.13 billion, showing caution among the market. XRP currently has a total supply of 99.98 billion, with a circulating supply of 58.39 billion XRP. While the Fully Diluted Valuation reached $220.19 billion, the volume to market cap ratio is at 3.21%.
Bollinger Bands Point to potential Price Movement
XRP is trading inside a narrowing Bollinger Band formation, suggesting a consolidation phase may precede further movement. At press time, the price traded just above the 20 day SMA at $2.0727, while the upper band is at $2.2885.
The lower band held firm at $1.8568. Candlestick activity featured small bodies with wicks on both ends, indicating short term indecision.
XRP’s recent daily candles show moderate volatility and a neutral to slightly bullish tilt as the price stabilizes near the SMA line. The 24 hour trading volume reached 36.63 million XRP. This level indicates consistent activity, though without strong accumulation or distribution.
XRP is in a tight trading range, with key price levels still intact. If the asset breaks above the upper Bollinger Band, prices may rise. However, falling below the middle band could lead to a move toward the lower range of $1.85.
MVRV and Moving Averages
XRP’s MVRV Z-score is at 26.0638. This reading suggests the asset may be entering the overvalued range. Historically, MVRV values above 20 have marked correction phases unless supported by broader bullish momentum.
Despite this, XRP is holding above its key 50 day and 200 day moving averages, currently at $2.37 and approximately $2.30, respectively. The 50 day MA is flat and intersects the price line, implying a neutral stance.
Meanwhile, the 200 day MA trends upward, supporting longer term price stability. XRP’s ability to remain above both levels provides underlying support, especially if trading volumes remain consistent over the next 24 hours.
User Activity and Holder Metrics
Daily active addresses surged past 600,000 between late February and early March. Although activity later declined to around 110,000, it continues to show a healthy pace. Total XRP holders rose steadily to 6.31 million addresses, pointing to increasing investor activity over time.
If XRP sustains levels above the 50 day MA and shows a pickup in active addresses, it may revisit $2.60–$2.70. However, a move below $2.30 could lead to a drop toward $2.10–$2.15, especially with muted network activity.
