XRP on the Ropes or Ready to Rip? 30% Bounce Has Traders Watching This Level

From Yahoo Finance: 2025-04-22 13:30:00

XRP has surged over 30% in the past week, reaching $2.09 per token. Traders are speculating on its future direction amidst market uncertainty.

The crypto markets, including XRP, are influenced by shifts in investor sentiment and risk appetite. Major players are uncertain, cautioning against blindly following rallies.

XRP’s H4 chart shows a bullish trend with potential for a short-term rally. Key levels to watch are $2.24 and $2.40-$2.50, signaling bullish momentum if broken.

Despite XRP’s relative strength, uncertainty in global markets due to U.S.-China trade tensions hinders full commitment to altcoins like XRP. Progress in trade talks could boost confidence in the altcoin space.

XRP’s resilience is notable, but broader confidence in altcoins is on hold due to macroeconomic uncertainty and trade tensions. Investors are cautious, waiting for progress in global trade negotiations for a potential market revival.



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