XRP Surges 13.7% as Rare Bullish Cross Signals Potential Rally

XRP’s Bullish Momentum Shows No Signs of Slowing

XRP continues its impressive upward trajectory, demonstrating remarkable strength with consistently higher lows and higher highs. The recent price action shows resilience, with buyers stepping in at every dip, particularly during the April 12th surge when XRP broke above $2.07 resistance with 240M in trading volume.

Market experts are increasingly optimistic about XRP’s future, with some projecting targets between $10-$20 in the coming months. The technical setup appears particularly compelling, with XRP currently trading within an ascending triangle pattern that could trigger a move toward $2.40 if the $2.22 resistance is breached, according to CoinDesk Research’s technical analysis data. This comes as the XRP/BTC chart shows a bullish crossover that preceded a 958% rally in 2017.
With XRP now trading around $2.00 and showing signs of continued momentum, traders are closely watching key resistance levels. The broader market recovery provides additional tailwinds for potential further gains.

Technical analysis highlights

XRP has demonstrated remarkable strength, climbing from $1.93 to $2.24 (a 13.7% range) over the range of the analyzed period.
The price action formed a clear uptrend with higher lows and higher highs, establishing strong support at $2.08.
Volume significantly increased during key breakouts, particularly during the April 12th surge when XRP broke above $2.07 resistance with 240M volume.
The 48-hour Fibonacci extension suggests potential targets at $2.28 and $2.35.
The current consolidation between $2.13-$2.16 appears to be forming a bull flag pattern.
Recent price action shows resilience, with buyers consistently stepping in at dips, indicating sustained bullish sentiment.
In the last 100 minutes, XRP continued its bullish momentum with a notable 0.77% gain from $2.143 to $2.160.
A significant breakout occurred at 10:42 when the price surged through $2.153 resistance with elevated volume.
The price action has formed an ascending channel with support at $2.148 and resistance at $2.160.
Volume spikes during upward movements confirm buyer conviction, particularly during the 11:07 and 11:31 surges when volume exceeded 1.4M and 2.2M, respectively.
XRP surges 13.7% from $1.93 to $2.24, establishing strong support at $2.08 with significant volume backing key breakouts.
Technical analysis shows XRP forming a bull flag pattern with potential targets at $2.28 and $2.35 based on Fibonacci extensions.
Crypto analyst EGRAG CRYPTO identifies a rare bullish cross between the 55-week EMA and 155-week MA, suggesting potential for massive price growth similar to the 958% rally following the same signal in 2017.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.

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