XRP, Ripple’s cryptocurrency, is in what we might call a situation of tense calm. This is because technical indicators show that the Bollinger Bandwidth is at historical lows, suggesting possible future volatility, or at least that’s what Cointelegraph suggests in its price prediction for the rest of April. Additionally, the price of XRP has bounced off a key resistance at $2.30 and is struggling to maintain support at $2.10.
Who is behind the analysis and what data supports it?
To reach this conclusion about what is happening with the price of XRP, we can analyze three determining factors. We are talking about technical indicators and historical patterns that allow us to obtain a more detailed view of the currency’s behavior.
The Bollinger Bandwidth will be the first indicator we will consider. This allows us to measure the volatility of an asset. In the case of XRP, this indicator is at historical lows, similar to those observed in 2024, as stated by CoinDesk. This suggests that XRP’s volatility is at very low levels and that the price of XRP could experience a sharp change in any direction. As mentioned, this behavior is similar to that observed at the end of 2024, when XRP also showed low volatility before a significant move.
Another indicator we turn to understand the behavior of this cryptocurrency is the simple comparison with the already mentioned 2024 patterns. In December 2024, XRP reached highs during Trump’s victory and optimism for stablecoins. This pattern makes it clear that external events can significantly influence the price of XRP. In 2024, it was Trump’s electoral victory and the anticipation of a more favorable political climate for cryptocurrencies that pushed the price of XRP to new highs. This behavior is crucial for the current analysis, as it makes it clear that external factors can again influence the price of XRP.
Finally, although not least important, the price of XRP has bounced off the resistance at $2.30 and is struggling to maintain support at $2.10. This is seen in the initial TradingView chart. This technical retracement is key to understanding the possible future directions of the price of XRP. The resistance at $2.30 acts as a ceiling for the price of XRP, thus preventing it from rising easily. Maintaining support at $2.10 is important for XRP to gain momentum and seek higher levels. This is nothing new, as this technical behavior has been seen at other times of high volatility for XRP (2024).
When is the decisive move expected?
Currently, we are at a point where, comparing XRP’s behavior with previous years, we can think that we are very close to a decisive move. At the end of 2024, XRP showed a Wyckoff reaccumulation pattern. This is a mid-cycle structure that mostly precedes a broader bullish trend. This is the same behavior we can see in the current charts, as suggested by technical analyst Charting Guy.
$XRP Wyckoff Reaccumulation pic.twitter.com/aGJ3n2BlQK
— Charting Guy (@ChartingGuy) April 20, 2025
Where is this warning signal being seen?
This warning is more than obvious and can be seen in XRP’s technical charts. Many analysts have observed that XRP’s Bollinger Bandwidth is at historical lows, indicating low volatility and that the price could experience a sharp change in any direction. At this point, the technical patterns presented by XRP are crucial. This is because these patterns can indicate future price movements in such a confusing stage. As mentioned and according to analysts like Charting Guy, XRP’s price is in an ongoing consolidation phase, similar to a classic Wyckoff reaccumulation pattern. This suggests a probable decisive move. This pattern indicates that smart money is absorbing supply during the cooldown, setting the stage for a possible breakout, as also shared by Cointelegraph in this article.
Today, it is easy to see an accumulation of external factors that can act as catalysts for this asset. Not to mention, the SEC’s decision on Ripple is still pending. The U.S. SEC and Ripple have agreed since April 11 to pause their appeals in the ongoing legal battle against XRP. This will eventually reach a final agreement that will tip the balance one way or the other.
On the other hand, the U.S. Federal Reserve has given several speeches and statements about cryptocurrencies, directly influencing the market. This policy change could increase investor confidence and encourage greater institutional adoption of cryptocurrencies, including XRP. And finally, there is a key and recurring factor in the price of any cryptocurrency, and that is the price of Bitcoin. When Bitcoin’s dominance decreases, altcoins like XRP tend to receive more attention and capital from investors. This dynamic could act as a catalyst for a significant move in the price of XRP.
Conclusion: Time to Act or Wait?
If we can reach a conclusion, it is that, following XRP’s history and footprint, we are on the verge of a significant move, but we do not know in which direction. Technical indicators, such as the Bollinger Bandwidth at historical lows and the Wyckoff reaccumulation pattern, tell us that we could be close to a decisive move, but not in which direction. For informed investors, this may be a key moment to adjust strategies. However, it is crucial to be attentive to external developments, such as the pending SEC decision on Ripple, the Federal Reserve’s speeches, and fluctuations in Bitcoin’s dominance. These factors could have a significant impact on the price of XRP.
