XRP is experiencing mixed signals across spot and derivatives markets. While open interest surged over 30% between April 21 and 23, indicating a return of futures traders, the sentiment remains divided. Funding rates stayed flat, and the aggregated premium was negative, hinting that many traders are still shorting XRP despite rising interest. On the other hand, spot volume data turned bullish, with the cumulative delta showing increased aggressive buying. This disconnect between spot and futures suggests a tug-of-war, where bullish sentiment in one market is offset by scepticism in the other, leaving XRP directionally uncertain. Let’s take a look at XRP price analysis to see what’s going on.
XRP Price Analysis of April 24, 2025
XRP formed a channel that broke out to the downside at 05:15 UTC, but the downside XRP breakout failed and reversed to the upside, forming another channel that marked the high of the day at 09:05 UTC at $2.30. The XRP price formed a resistance zone at $2.30. After reaching the high, XRP dropped to the level of $2.25 and formed a support zone there. At 11:55 UTC, XRP made a double bottom and tried to break the resistance zone of $2.30 but failed. Instead, it formed an expanding triangle pattern, which broke out to the downside at 13:35 UTC, supported by a Death Cross of MACD.
XRP Price dropped to the level of $2.19, marking the low of the day. Price soon formed a converging triangle pattern, which broke out to the downside at 18:35 UTC, supported by a Death Cross of MACD. RSI dropped below 30 at 19:25 UTC, suggesting a pullback or a reversal. Price pulled back to $2.22 and formed a resistance zone there. The XRP token spent most of its time in a range area that day. It should be called a trading range day, where every breakout failed. If a spike was formed, it was quickly reversed.
XRP Price Prediction for April 24, 2025
In the early hours of 24th April, the price of XRP marked a low at $2.19. This was also a support area. XRP took support and moved toward a resistance area at $2.22. If XRP breaks the resistance area of $2.22, it may move to $2.30, which is also a resistance area. If the price of XRP breaks the resistance at $2.22, then it may break the support area of $2.19, and further decline in XRP price could be seen. Both support and resistance are critical zones, and the XRP token needs a strong breakout to move away from this area.
Range Holds, Clarity Lacking
XRP price remains locked in a tight trading range, with support near $2.19 and resistance at $2.22 and $2.30. Failed XRP breakouts, both up and down, defined the previous session, pointing to indecision. A confirmed move above resistance could lead to renewed bullish momentum. However, if XRP rejects $2.22 again, another drop toward the lower boundary is likely. Both bulls and bears are active, but neither has taken control. Traders should wait for a decisive breakout, ideally backed by volume and RSI confirmation, before taking directional positions. Until then, XRP remains balanced, with momentum stalled on both ends.
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