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XRP (XRP) price is up 15% over the past seven 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 remain optimistic about the possibility of XRP price breaking into double digits.

Popular analyst DOM said that 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 shows 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 adds that the price action and RSI are 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 also 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.

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