News View Non-AMP

Ripple XRP Price Aims For 75% Rally, A Technical and On-Chain Breakdown

Published by
Chandan Gupta

Ripple’s native token, XRP is making waves in the cryptocurrency realm after Donald Trump won the U.S. presidential election. With this notable rally and bullish outlook, XRP has now reached a level where there is a high possibility it could skyrocket in the coming days.

XRP Technical Analysis and Upcoming Levels

According to CoinPedia’s technical analysis, XRP is currently facing strong resistance near the $0.75 level. Historically, this level acted as a strong selling pressure, which resulted in a price decline. However, the asset price reached this level after March 2024, and the sentiment has shifted, with investors’ and traders’ interest now focused on the next level.

Based on the recent price action and historical momentum, if XRP breaches the resistance level and closes a daily candle above the $0.76 level, there is a strong possibility it could soar by 75% to reach the $1.36 level in the coming days. 

However, this target may not be easy to achieve, as there is a resistance level near the $0.95 level, which could create a hurdle and potentially stop XRP from rallying. 

Currently, XRP is trading above the 200 Exponential Moving Average (EMA) on both daily and weekly time frames. Meanwhile, its Relative Strength Index (RSI) suggests potential bullish momentum in the coming days, as it is in oversold territory.

Bullish On-Chain Metrics

Besides the bullish technical analysis, on-chain metrics further support XRP’s positive outlook. According to the on-chain analytics firm Coinglass, the asset’s open interest (OI) has skyrocketed by 22% in the past 24 hours and 7.25% in the past four hours.

This rising OI suggests that traders are strongly participating in XRP tokens as it approach the breakout level, which is a bullish sign.

At press time, major liquidation levels are at $0.657 on the lower side and $0.736 on the upper side, with traders over-leveraged at these levels, according to Coinglass data. The data suggests that $47.56 million and $31.72 million worth of open positions are currently at the liquidation levels, which will be liquidated if the XRP price moves in either direction.

Current Price Momentum

At press time, XRP is trading near $0.68 and has experienced a price surge of 13.5% in the past 24 hours. During the same period, its trading volume jumped by 170%, suggesting heightened participation from traders and investors amid a potential breakout.

Chandan Gupta

Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space

Recent Posts

Tether Could Lose Its #3 Crypto Spot to XRP – Here’s Why

There’s a storm brewing in the crypto markets, but where you least expect it!  While…

April 29, 2025

Cardone Capital Eyes Bitcoin with Over 1,000 BTC Purchase Plan

Cardone Capital, a real estate investment firm managing $5 billion in assets, is set to…

April 29, 2025

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

Story Highlights The live price of the Cardano token is . ADA coin price could…

April 29, 2025

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum…

April 29, 2025

Celsius Scam News: CEO Alex Mashinsky to Face 20 Years in Prison

Alex Mashinsky, once hailed as a pioneer in the crypto lending world, is about to…

April 29, 2025

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Story Highlights Solana Price Today is . Solana coin price could reach a potential high…

April 29, 2025