XRP (XRP) price is up 15% over the past seven days from a low of $1.61. According to several technical analysts, a sustained recovery daily close above $2.20 will signal a strong trend reversal that could put double digits within reach.

XRP/USD daily chart. Source: Cointelegraph/TradingView

XRP price must reclaim $2.20

After the cryptocurrency market experienced a relief rally due to US President Donald Trump’s announcement of tariff exemptions for a range of tech products, traders are optimistic about the possibility of XRP price breaking into double digits.

Analyst DOM said XRP’s recent retest of the support at $1.96 saw it regain a key “value area” above $2.00, established in December 2024. 

“$2.20 is now the only objective here,” the analyst said in an April 13 post on X, adding that a decisive move above this level would lead to a rise toward $2.50.

An accompanying chart showed that the price has also reclaimed the election VWAP (Volume Weighted Average Price) at $2.03, suggesting a potential for further gains.

“If $2.00 and election VWAP stay as support, this chart looks very constructive.”

XRP/USD chart. Source: Dom

XRP’s immediate support at $2.10, also the 100-day exponential moving average (EMA), is especially important, according to the liquidation heatmap.

A wall of bid liquidity is building around this level, suggesting that a retest of support and a liquidity grab here is becoming increasingly likely in the short term.

XRP liquidation heatmap. Source: CoinGlass

Will XRP price hit $20 in 2025?

Following the recent recovery in XRP price, Maelius, an anonymous crypto analyst, said that the altcoin could reach $10 and an “optimistic” target of between $15 and $20, according to the Elliott Wave Theory on the weekly time frame chart.

“Conservative case assumes XRP has completed its W3, currently in the process of finalizing W4, before expanding to a final W5.”

He added that the price action and RSI were mirroring the 2017 cycle, with the RSI topping out in the resistance area (in red), suggesting overbought conditions. 

If the current cycle repeats, Maelius predicts XRP could reach a W5 target of around $10 toward the end of the year. 

“Conservative assumption is for a magnitude of W5 to replicate the one of W3, thus targeting $10.”

XRP/USD weekly chart. Source: Maelius

Continuing, the analyst argued that there is a possibility that the W3 top is not in just yet.

Related: Price analysis 4/14: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO

The reason given is a larger accumulation period compared to the 2017 cycle in terms of both price and the RSI.

“Therefore, there is a possibility we have just completed W3 out of larger W3, meaning it is just taking a bit more time than previously,” Maelius explained. 

If it is taking longer this time, Maelius expects the RSI to retest the resistance to confirm the completion of the third wave. Also, the Eliott Wave count would be in line with the previous cycle, with a longer fourth wave within the third wave as before.

“In such a case, the final W5 top could easily get prolonged to Q1-2 of 2026, with higher targets than in the conservative case, i.e. likely in the range of $15-$20 or even higher. ” 

XRP/USD weekly chart. Source: Maelius

Meanwhile, fellow analyst XForceGlobal noted that XRP is still in a “major bull market,” with its price action standing out dramatically from the rest of the crypto market from an Elliott Wave Theory perspective.

“If we have all the ideas aligned together with even the simple technical analysis, there is a very good chance that we’re are gonna be working for all-time highs at the very minimum expectation.” 

XRP/USD daily chart. Source: XForceGlobal

As reported by Cointelegraph, XRP’s symmetrical triangle pattern suggests a possible rally to new all-time highs over $3.50. 

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

A crypto investment executive said the biggest problem with digital asset markets is price manipulation, claiming that collusion between market makers and exchanges distorts token prices. 

Arthur Cheong, founder of crypto investment firm DeFiance Capital, said in an X post that market makers and crypto projects work together to create artificial prices that can be sustained for long periods. Cheong wrote: 

“You don’t know whether the price is a result of organic demand & supply or simply due to projects and market makers colluding to fix the price to achieve other objectives.”

He added that if the industry’s players don’t step up and improve the situation, a big part of the crypto market will remain “uninvestable for the foreseeable future.”

Centralized exchanges turning a “blind eye” 

Cheong said it was strange that centralized exchanges (CEXs) are “turning an absolute blind eye” to the issue. He described the altcoin market as a “lemon’s market,” a term in economics that describes a market where low-quality products drive out the good due to information asymmetry.

In addition, Cheong described most token generation event pricing in 2025 as an “absolute joke” where the assets’ prices went down by 70% to 90% a few months after listing. “Anyone that bought is down massively,” Cheong added. 

Related: Binance, KuCoin, MEXC report service issues due to AWS network interruption

88% of crypto tokens listed on Binance in 2025 declined after listing 

Data compiled by crypto analyst Miles Deutscher showed that among crypto tokens listed this year on the trading platform Binance, only 3 out of 27 are performing well. This means that 88% of the tokens have declined since listing. 

The price drops ranged from 19% up to 90%. Deutscher said this was the reason why retail investors were quitting. 

Only 3 out of 27 tokens listed in Binance in 2025 are in the green. Source: Miles Deutscher 

A community member responded to the data saying that this is where the industry is currently at. The X user added that they hoped Binance would realize starting at a high valuation wasn’t good for users. 

Binance co-founder Changpeng Zhao previously admitted that Binance’s listing process needs reform. On Feb. 10, the former Binance CEO said that the current system is flawed and suggested that CEXs should automate listings similar to how decentralized exchanges (DEXs) work. 

Magazine: New ‘MemeStrategy’ Bitcoin firm by 9GAG, jailed CEO’s $3.5M bonus: Asia Express

Bitcoin (BTC) demands a breakout as a key leading indicator reaches its highest levels since January.

Data from Cointelegraph Markets Pro and TradingView shows the relative strength index (RSI) hinting at more BTC price gains next.

Bitcoin RSI breakout has days to “full confirmation”

Bitcoin bull runs traditionally begin with telltale RSI signals, and on daily timeframes, conditions are ripe for a classic BTC price rebound.

As BTC/USD made lower lows over the past month, RSI began trending in the opposite direction, setting higher lows and attempting a type of bullish divergence.

More recently, the daily RSI broke above the 50 midpoint, only to successfully retest it as support from above before making new multimonth highs.

BTC/USD 1-day chart with RSI data. Source: Cointelegraph/TradingView

Among those monitoring the topic is popular trader and analyst Rekt Capital.

“Bitcoin has successfully retested red as support & the Daily RSI Higher Low continues to maintain itself as well,” he commented alongside a chart in an X post this weekend.

“Growing signs of a maturing Bullish Divergence here, with price just below the key Price Downtrend (blue).”

BTC/USD 1-day chart with RSI data. Source: Rekt Capital/X

Rekt Capital also reported that RSI trends suggested a long-term BTC price floor at around $70,000.

Meanwhile, fellow analyst Kevin Svenson captured similarly promising signals on weekly RSI this week.

“Once confirmed, weekly RSI breakout signals have proven to be among the most reliable macro breakout indicators,” he told X followers. 

“6 Days until full confirmation.”

BTC/USD 1-week chart with RSI data. Source: Kevin Svenson/X

As Cointelegraph reported, another key breakout currently under the microscope for Bitcoin market participants involves a downward-sloping trendline in place since January’s all-time highs.

April BTC price performance far below median

Countering the bullish anticipation is an analysis focusing on the troublesome macroeconomic conditions in which Bitcoin now finds itself.

Related: Bitcoin price metric that called 2020 bull run says $69K new bottom

The ongoing US trade war and risk-asset rout make for an unlikely influx of capital to BTC, which has closely followed stocks while gold sets repeated all-time highs.

In his latest forecast for April, network economist Timothy Peterson saw little reason to celebrate.

Uploading a chart of the median yearly price path for BTC/USD, he concluded that this year was a firm underperformer.

“Half the days are above the blue line and half are below it. This April is obviously a ‘below’ month,” part of accompanying commentary read.

“That is almost certainly not going to change, given the level of interest rates and other risk factors at work in the market and economy.”

BTC price seasonality. Source: Timothy Peterson/X

Other perspectives likewise see a lackluster April before bullish undercurrents catch up with Bitcoin, these in the form of record global M2 money supply and a weakening US dollar index (DXY).

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.