Will Ripple’s Rally Continue? XRP Eyes $2.4 After 20% Weekly Gain

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  • An analyst sees XRP reaching $2.4, thanks to an ascending triangle. Or maybe it’s just wishful thinking.
  • XRP is riding a wave, up by 20.7% in the last week—because, why not, right?

Well folks, it looks like Ripple (XRP) is doing something unusual—climbing up, up, and away. Last week, it shot from a humble $1.6 to an almost mighty $2.2. Talk about a glow-up.

Right now, XRP is sitting pretty at $2.13, up 20.73% in just seven days. If you look at the daily charts (or squint really hard), you can see some solid gains, too.

Hold on to your wallets, because the volume has jumped by 42.18% to $10.12 billion. Oh, and don’t forget the options volume—that’s up 204% to $3.49k. If that’s not impressive, I don’t know what is. And let’s not ignore the Open Interest, which is also up by 87.5%, sitting at a cool $486.6k.

So, what’s the word on the street? Well, crypto guru Ali Martinez is out here calling for a rally to $2.4. Of course, everyone’s a genius when things are going up.

Martinez is convinced XRP is sitting in a cozy little ascending triangle—fancy name, huh? This pattern is usually a “bullish continuation signal,” which basically means, “Hey, buyers are flexing their muscles here.”

According to him, XRP’s going to face some resistance at $2.22. But if it manages to break through that, we could see a nice jump to $2.40. So, yeah, fingers crossed for a breakout (or, you know, just more of the same).

But there’s a real question lurking in the air: Can XRP keep up this momentum, or will it be a one-hit wonder?

Can XRP Keep Up the Gains?

AMBCrypto seems to think that XRP is riding a solid wave of bullish sentiment. Things are looking pretty good, but let’s be real—cryptos are like roller coasters, and we all know that roller coasters have their ups and downs.

There’s been a small dip in the past 24 hours, but the DEX buy-sell ratio is still rocking a 1.5. That means, for every sell order, there are 1.5 buy orders. In plain English, more people are buying than selling. Go team!

Plus, XRP’s Funding Rate has stayed in positive territory for five days straight. You know what that means? People are betting long, and they’re pretty sure this party’s not ending soon.

So, yeah, more buy orders, more options volume. It’s like a crypto parade. People are jumping in, and they’re feeling good about it. #BullishVibes

Now, let’s talk about XRP’s Exchange Supply Ratio. It’s been steadily dropping to 0.02743, which means fewer XRP tokens are hitting the market. In layman’s terms, less selling pressure. Could this be the secret sauce for price stability? Possibly.

So what does all this mean in the grand scheme of things? In a nutshell, XRP is looking pretty good right now. If the sentiment stays strong, it might just bust through the $2.2 resistance and try for $2.5. Who knows? Or maybe it’ll take a detour and dip back to $1.9—because that’s crypto for you.

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2025-04-15 05:18