XRP Price Update: V-Shaped Recovery Sparks Market Buzz

CN
4 hours ago

On the 1-hour chart, XRP has shown signs of breaking from its prior downtrend, establishing a sequence of higher lows which implies a short-term reversal may be forming. The most notable move was a strong bullish candle at the $1.75 level, backed by increased volume, signaling renewed buying interest. Price is currently consolidating between $1.85 and $1.90, forming what appears to be a bullish flag or pennant, which is often indicative of continuation patterns. Resistance lies overhead at $1.93 to $1.95, and if breached with volume confirmation, XRP could surge toward the $2.00 mark. Traders may find attractive entries in the $1.80 to $1.85 zone, with stops positioned tightly below $1.75 to manage downside risk.

XRP Price Update: V-Shaped Recovery Sparks Market Buzz

XRP/USD via Bitfinex 1H chart on April 7, 2025.

On the 4-hour chart, the broader mid-term structure reflects a V-shaped recovery from the $1.615 low, with a sequence of green candles confirming active buying. The recovery follows a steep decline and suggests a potential bullish divergence, supported by an uptick in volume. This timeframe identifies $1.90 as critical resistance, where the price is currently meeting friction. Should a retracement occur, the $1.75 to $1.80 range would be the zone to watch for re-entry opportunities, especially if confirmation candles such as a bullish engulfing appear. Profit-taking targets can be positioned between $2.00 and $2.10, where prior support has now flipped into resistance.

XRP Price Update: V-Shaped Recovery Sparks Market Buzz

XRP/USD via Bitfinex 4H chart on April 7, 2025.

The daily chart paints the macro picture, underscoring a strong downtrend from above $2.70 down to $1.615. However, this drop culminated in a significant red candle with a long wick and high volume, a classic signal of capitulation. This setup often hints at seller exhaustion, a necessary precursor to potential trend reversals. Price rebounded from the $1.60–$1.65 support zone, an area of interest for bullish reversals, especially if followed by confirming candles on lower timeframes. Resistance overhead spans the $2.10–$2.30 band, marking a substantial hurdle that XRP must overcome to signal a sustainable uptrend continuation.

XRP Price Update: V-Shaped Recovery Sparks Market Buzz

XRP/USD via Bitfinex 1D chart on April 7, 2025.

Turning to technical oscillators, most indicators are currently neutral, reflecting indecision in the market. The relative strength index (RSI) is positioned at 34.935, the stochastic oscillator reads 25.71025, and the commodity channel index (CCI) sits at −158.30216, all of which suggest a neutral stance without strong directional bias. Similarly, the average directional index (ADX) at 20.50287 and the awesome oscillator at −0.25416 indicate limited trend strength. The momentum oscillator, reading −0.29809, registers a buy signal, while the moving average convergence divergence (MACD) level at −0.10511 delivers a sell signal, highlighting the current mixed sentiment.

Moving averages reinforce the broader bearish tone, as nearly all short- to long-term indicators register sell signals. The exponential moving averages (EMA) for 10, 20, 30, 50, and 100 periods range between $2.07575 and $2.29789—all positioned above the current price—confirming prevailing downward pressure. Similarly, the simple moving averages (SMA) from 10 to 100 periods echo this bearish alignment. The exception lies in the 200-period simple moving average at $1.84610, which gives a buy signal and sits just below the current price, potentially serving as dynamic support. This divergence between shorter-term bearish pressure and longer-term optimism could set the stage for consolidation or a decisive breakout in the coming sessions.

Bull Verdict:

If XRP maintains support above the $1.75–$1.80 range and breaks convincingly above the $1.93–$1.95 resistance zone with increasing volume, the setup favors a bullish continuation toward $2.00 and potentially $2.10. The higher lows on the 1-hour chart, V-shaped bounce on the 4-hour chart, and capitulation signal on the daily chart all suggest a reversal may be in progress, supported by early bullish signals from oscillators and long-term moving averages offering a base.

Bear Verdict:

Despite short-term recovery, XRP remains below all key exponential and simple moving averages up to the 100-period, and the moving average convergence divergence (MACD) is flashing a sell signal. If price fails to reclaim $2.00 with strong volume and slips below $1.75, the broader downtrend could resume, dragging XRP back toward its recent low of $1.615 or lower, especially if momentum fades and volume dries up.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

ad
Gate:注册解锁$6666
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink