30.04.2025
Jainam Mehta
Contributor
30.04.2025

XRP price struggles near $2.35 as short-term structure turns fragile

XRP price struggles near $2.35 as short-term structure turns fragile XRP holds near $2.22 after failing to clear $2.35. A drop below $2.18 may spark deeper correction

XRP is showing signs of technical exhaustion after failing to breach the $2.35–$2.36 resistance zone earlier this week. The rejection has led to a minor bearish shift in the short-term structure, with the token now consolidating near $2.22, just above a key horizontal support at $2.21. 

The zone also overlaps with the broken ascending trendline from April 24, raising concerns of a possible deeper pullback if buyers fail to reclaim $2.26–$2.28 in the coming sessions.

XRP price dynamics (April 2025) Source: TradingView.

Short-term technicals lean bearish

The 30-minute and 2-hour charts have turned cautious as XRP forms a descending wedge. Momentum indicators on the 4-hour chart echo a similar tone. The price is currently hovering above the 50 EMA ($2.2184) and the 100 EMA ($2.1781), suggesting a short-term neutral-bearish battle. The RSI has dropped to 46.16, showing fading bullish strength, while the MACD histogram is beginning to print red bars with the MACD line nearing a bearish crossover.

Meanwhile, XRP is approaching the lower band of the 4-hour Bollinger Bands ($2.18), which has historically offered intraday support. But failure to hold above this zone may lead to a breakdown, targeting $2.15 and $2.10 next. The Ichimoku Cloud setup is also flashing caution, with the price teetering near the upper boundary of the Kumo ($2.27). A close below this could invalidate the breakout seen earlier this week.

Fibonacci zones offer weekly perspective

Zooming out, the weekly chart shows XRP resting just below the 0.382 Fibonacci retracement at $2.2673, drawn from the $0.43 to $3.39 rally. This level has held significance in past consolidations. A failure to reclaim it risks triggering a broader correction toward $1.91 (Fib 0.5) or $1.56 (Fib 0.618), both of which served as major accumulation points during the 2024 rally.

As previously discussed in our April XRP coverage, the asset remains in a long-term bullish cycle unless the $2.00 psychological floor breaks convincingly. While the weekly structure remains intact, short-term indicators now favor caution, with a decisive close above $2.28 required to revive bullish sentiment

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