Ripple’s XRP is showing renewed strength as the broader crypto market gains momentum, sparking discussions about whether the asset could be on the verge of a major breakout. After spending much of April trading within a relatively narrow range, XRP has climbed steadily, fueled by ecosystem developments and growing institutional interest.
As of April 28, XRP was trading around $2.32, up 7% over the past 24 hours and nearly 10% on the week, reinforcing optimism among investors. The token’s market capitalization has surged to nearly $136 billion, securing its spot as the fourth-largest cryptocurrency by market value.
Ripple Rallies Amid Positive Momentum
XRP’s latest rally is supported by consistently strong trading activity, with daily volume hovering around $5.2 billion. Several positive catalysts linked to the Ripple ecosystem have contributed to this bullish momentum, creating expectations for potential higher moves ahead.
Among the key drivers is the upcoming launch of three XRP exchange-traded funds (ETFs) from ProShares, set to debut on April 30. These include:
- ProShares Ultra XRP ETF
- ProShares UltraShort XRP ETF
- ProShares Short XRP ETF
These futures-based products will offer leveraged exposure to XRP’s price, following a path similar to Bitcoin and Ethereum ETF launches. Investors are also closely watching for the potential approval of a spot XRP ETF, with asset managers such as Bitwise, 21Shares, and Grayscale having filed applications currently under review by the SEC.
Additionally, Ripple’s ecosystem is expanding through the launch of XRPFi by Flare Networks. Scheduled for April 29, XRPFi will introduce smart contract capabilities for XRP holders, enabling staking, lending, borrowing, and decentralized trading through wrapped FXRP tokens. This move addresses a long-standing gap in XRP’s functionality and could significantly enhance its DeFi potential.
XRP Technical Analysis
From a technical standpoint, XRP’s recent price action shows cautious optimism. As of April 28:
- XRP is trading between $2.18 and $2.35, with immediate resistance at $2.36.
- The 14-day Relative Strength Index (RSI) is at 51, suggesting a neutral to slightly bullish momentum.
- The 50-day and 200-day moving averages are trending upward, reinforcing the bullish setup.
However, XRP recently dipped below a rising parallel channel, a technical pattern that tempers overly aggressive bullish expectations. Failure to break above $2.36 could risk a retreat toward $2.10. On the flip side, a successful push beyond $2.50 would likely open the door for a rally toward the $3 mark — a level not seen since January 2025.
Ripple Price Prediction
Forecasts for XRP remain broadly positive but emphasize the importance of near-term technical levels.
- Short-Term Outlook:
CoinCodex projects XRP could reach around $2.51 within five days, consistent with the current bullish momentum. - Medium-Term Risks:
Their one- and three-month forecasts suggest potential pullbacks to $1.99 and $1.69, respectively, implying a possibility of consolidation even amid a broader uptrend. - Long-Term Potential:
DigitalCoinPrice projects an average XRP price of around $4.90 for 2025, with possible highs nearing $5.09. By 2030, XRP could climb toward an average of $12.21.
Additionally, technical analyst Dark Defender points to an Elliott Wave setup indicating XRP is finishing a corrective phase (Wave 4) and could soon begin Wave 5 a move that may target levels as high as $5.85, with a breakout confirmation near $3.39.
Conclusion
XRP’s current rally reflects strengthening fundamentals, expanding institutional interest, and improving technical structures. While risks of volatility remain, the upcoming ProShares ETF launches, Flare Network’s XRPFi release, and potential spot ETF approvals later this year suggest that XRP’s bullish narrative could continue to build.
However, traders should watch key levels closely and maintain disciplined strategies, recognizing that crypto markets can turn swiftly.
As always, trade wisely and never invest more than you can afford to lose.
