Major Move Plotted for XRP: Will Ripple’s Price Soar to $2.4 This Week?

Ripple’s XRP is trading at $2.05 at press time, showing a small dip of around 1% over the last 24 hours. Over the past week, it’s up 2%. The price sits near a key technical level that could decide the next major move. $2.04 Support Level Holds, But for How Long? According to market analyst CasiTrades, XRP has found support at the $2.04 level, which lines up with the macro 0.5 Fibonacci retracement. The price reacted at this zone over the weekend and has since remained above it. So long as this level is maintained, traders are still keeping the bullish scenario in sight. The subsequent important level will be $2.41, then the additional level will be $2.65 in case momentum continues. In case of price violations below the price at $2.04, downside levels are targeted at $1.73 and $1.64. These levels match the macro 0.618 Fibonacci zone. As the analyst explained , “Nothing has been confirmed yet, both scenarios are still fully in play.” Source: X Meanwhile, momentum readings show a possible shift. The RSI broke above a downtrend and now sits near 56. This puts the asset in a range where momentum could build if buyers step in. Weekly Structure Resembles Past Recovery Pattern Looking at the broader view, analyst ChartNerd pointed out that current price action looks similar to late 2024. At that time, XRP dipped under the 55-week EMA before making a sharp move up. The same moving average is in play now, with XRP sitting just below it. The current range between $1.9 and $3.2 has been in place for several months. XRP has closed three weekly candles above $2, keeping the lower boundary intact. A move above the $2.25–$2.5 zone would shift the structure to the upside. The analyst added, “Short-term, we will likely retest $1.9 in the coming weeks before attempting the great escape.” Away from the charts, XRP continues to see steady inflows into the US-listed spot ETFs. These funds have now brought in over $935 million since launch, according to SoSoValue data. This marks the fastest early growth for any altcoin ETF to date. While interest in derivatives has dropped, demand from regulated investment products remains strong. On-chain metrics are also active. XRP Ledger’s velocity has increased , showing that tokens are moving between wallets more frequently. However, over 510 million XRP were moved by large wallets in the past week, raising questions in the market about possible distribution or internal transfers. The post Major Move Plotted for XRP: Will Ripple’s Price Soar to $2.4 This Week? appeared first on CryptoPotato .