• XRP price gradually extends gains as the cryptocurrency market holds steady.
• XRP holds above critical support at $2.22, strengthened by the 100-day EMA.
• A breakout from the descending channel could spark significant bullish momentum, potentially driving a rally past $3.
• The surge in long-position liquidations while Open Interest remains unchanged signals declining interest and a potential pullback.

Ripple (XRP) price consolidates gains at the time of writing on Tuesday, following three consecutive daily green candles. Trading at $2.26, XRP is down over 1% on the day, mirroring the stability in the broader crypto market. Recently approved futures XRP Exchange-Traded Funds (ETFs) suggest a stronger bullish outcome is in the offing.

Bitcoin (BTC) remains above $94,000, with its uptrend driven by surging net inflows into spot BTC ETFs, easing trade tensions between the United States (US) and China, as well as short squeezes.

Select altcoins, including Virtuals Protocol, Floki, and Hyperliquid (HYPE), are extending their lead, suggesting that investors are shifting their attention to lesser-known coins that achieve higher profit margins.

XRP price nurtures potential breakout to $3

XRP’s price generally drops within the confines of a descending channel. However, since the cross-border money remittance token rebounded from its yearly low at $1.61 on April 7, the potential for a rally beyond $3.00 significantly increased.

Despite the rejection of $2.36, a level tested on Monday, XRP maintains its position above the 50, 100, and 200-day Exponential Moving Averages (EMAs), confirming bullish momentum. The EMAs are sloping upward, further reinforcing a strong bullish trend.

The 50-day and 100-day EMAs provide immediate support at $2.20 and $2.22, respectively. A reversal to these levels is possible, and XRP could collect more liquidity as traders buy the dip. 

The Relative Strength Index (RSI) indicator’s neutral position at 58.11  could hold the scales in the bulls’ favor, especially if it stays above the midline of 50. This could increase the potential for a breakout above the descending channel. 

Beyond the seller congestion at $2.40, supply zones at $2.80 and $3.00 are worth remembering as they could slow the potential XRP rally. Higher volume on upward moves will be crucial in pushing XRP toward $3.00.

XRP/USDT daily chart

Factors that could keep XRP price elevated 

Several developments could support XRP’s bullish outlook in the near term, including ongoing talks between Ripple and the Securities and Exchange Commission (SEC) regarding a potential settlement. Earlier this month, Ripple and the SEC were granted a temporary stay of the appeals process, allowing for settlement negotiations and enabling the SEC’s commissioners to vote on the matter.

The recently approved futures XRP ETFs could help bolster the token’s bullish outlook over the coming months. Moreover, Ripple’s intentional push to the stablecoin market and tokenization services boosts sentiment.

The derivatives data from Coinglass highlights a slight increase in Open Interest (OI) of 0.09% to $4 billion, indicating that new positions are being opened, which reflects growing trader interest.

The long/short ratio of 0.9559 leans towards shorts rather than longs, indicating that confidence among traders is waning. Over $350,000 was liquidated in long positions compared to approximately $59,000 in short positions in the past four hours, suggesting that bulls are being shaken out, which may potentially weaken the bullish outlook.

XRP derivatives’ Open Interest | Source: Coinglass

Beyond the support provided by the 50-day and the 100-day EMAs, XRP could extend the down leg to retest the 200-day EMA at $1.98. A deeper correction to $1.80 is possible if the broader crypto market sentiment turns bearish.

, allowing for settlement negotiations and enabling

XRP is showing strength after breaking above a key Fibonacci resistance area earlier this week. This upward move followed positive market sentiment, likely driven by recent developments around crypto-based ETFs. While the structure of the rally remains complex, analysts are closely watching several important price levels for signs of continued bullish rally.

Short-Term Structure Supports Further Upside

XRP has continued to form higher highs and higher lows, a classic sign of upward momentum. Price action is currently following a diagonal wave pattern, a type of bullish structure that is less powerful than a strong impulsive trend but can still support further gains.

The recent swing low at $2.11–$2.12 (April 24) now serves as a critical support level. As long as XRP stays above this range, the bullish scenario remains intact. A drop below this level would call for a re-evaluation of the short-term structure.

The next upside targets are in the $2.46 to $2.55 range. This area aligns with the 138% Fibonacci extension level, which is often considered a key milestone in wave-based analysis. Reaching this zone would complete a larger third wave in the current five-wave pattern.

Larger Structure Still Unclear, But Bullish Signs Emerging

XRP is still trading within a long-term descending parallel channel on the daily timeframe, meaning the broader trend remains bearish for now. However, there are growing signs that this trend may be losing strength.

On the 3-day chart, the bearish divergence in the RSI—active since earlier in the year—is close to being invalidated. If the RSI moves above its previous high, and the price breaks out above the $2.50 level, that would serve as a strong signal of a trend reversal.

This would shift XRP out of short-term relief rallies and into a more defined bullish trend.

Key points:

• Bitcoin continues to face resistance at $95,000, but the possibility of an upside breakout remains high.

• Solid spot Bitcoin ETF inflows do not always signal a short-term top.

• Select altcoins are showing early signs of a short-term trend change.

Bitcoin BTCUSD pierced the $95,000 resistance on April 28, but the bulls are struggling to sustain the higher levels. This suggests that the bears have not given up and are trying to defend the level. A minor positive in favor of the bulls is that they have not ceded much ground to the bears. That improves the prospects of a move toward $100,000.

Another positive is that institutional demand seems to be back, as seen from the solid $3.06 billion in net inflows into US spot Bitcoin exchange-traded funds last week. Although some instances of high spot Bitcoin ETF inflows have led to short-term price tops, that has not always been the case. Hence, the high Bitcoin ETF inflows alone cannot be considered a reason to turn negative.

Hedge fund founder Dan Tapiero said in a post on X that the Federal Reserve is unlikely to ignore the macro data signaling a rapid slowdown ahead. He expects increasing market liquidity to catapult Bitcoin to $180,000 before the summer of 2026.

What are the essential levels to watch out for in Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

S&P 500 Index price prediction

The S&P 500 Index (SPX) made a strong comeback last week and rose above the 20-day exponential moving average (5,415).

The index could reach the 50-day simple moving average (5,623), which is likely to act as a minor hurdle. If buyers overcome it, the recovery could extend to 5,800. Sellers are expected to mount a strong defense at the 5,800 level. 

Time is running out for the bears. If they want to make a comeback, they will have to swiftly pull the price back below the 20-day EMA. If they do that, the index could descend to 5,300 and then to 5,119.

US Dollar Index price prediction

The US Dollar Index (DXY) plunged below the 99 level on April 21, but the bears could not maintain the lower levels. 

However, a minor positive in favor of the bears is that they have not allowed the price to rise above the 100.27 overhead resistance. That suggests demand dries up at higher levels. The downsloping moving averages and the relative strength index (RSI) in the negative zone indicate that the bears have an edge. If the price skids below 99, the index may retest the 97.92 level.

The bulls will have to push and maintain the price above the 20-day EMA (100.76) to indicate that the selling pressure is reducing. The index may then surge toward the 50-day SMA (103.43).

Bitcoin price prediction

Bitcoin continues to face stiff resistance at $95,000, but the tight consolidation near the crucial level increases the likelihood of a break above it.

The upsloping 20-day EMA ($89,093) and the RSI near the overbought zone indicate that the bulls are in control. A close above $95,000 could open the gates for a rally to $100,000. Sellers are expected to vigorously defend the $100,000 level, but on the way down, buyers will try to arrest the decline at $95,000.

This optimistic view will be invalidated in the near term if the price turns down and plunges below the 20-day EMA. That could sink the BTCUSDT pair to the 50-day SMA ($85,085).

Ether price prediction

Ether ETHUSD closed above the 50-day SMA ($1,792) on April 26, but the bulls could not maintain the momentum.

The 20-day EMA ($1,719) is the vital support to watch out for on the downside. If the price bounces off the 20-day EMA with strength, the bulls will try to push the ETHUSDT pair toward the breakdown level of $2,111. Sellers are expected to defend the $2,111 level with all their might because a break above it may catapult the pair to $2,550. 

On the downside, a break and close below the 20-day EMA suggests that the bears remain in control. The ETHUSDT pair may then descend to $1,537.

XRP price prediction

XRP XRPUSD turned up from the 20-day EMA ($2.15) on April 27, signaling a positive sentiment.

The XRPUSDT pair could reach the resistance line, which is a crucial level to watch out for. A break and close above the resistance line indicates a potential trend change. The pair could then rally to $3.

On the contrary, if the price turns down sharply from the resistance line and breaks below the moving averages, it suggests that the bears are aggressively defending the level. That could keep the pair stuck between the resistance line and $2 for a few more days.

BNB price prediction

Buyers have managed to keep BNB BNBUSD above the moving averages but are struggling to start a strong rebound.

The flattish 20-day EMA ($597) and the RSI just above the midpoint do not give a clear advantage either to the bulls or the bears. Buyers will have to push the price above $620 to gain the upper hand. That could open the doors for a rally to $644 and subsequently to $680.

Alternatively, a break and close below the moving averages will strengthen the bears. The BNBUSDT pair may drop to $576 and then to $566, where the buyers are expected to step in.

Solana price prediction

Solana SOLUSD is facing resistance in the $148 to $153 zone, but a positive sign is that the bulls have not given up much ground.

The upsloping 20-day EMA ($139) and the RSI in the positive territory indicate the path of least resistance is to the upside. A break and close above $153 clears the path for a rally to $180.

Sellers will have to pull the price below the 20-day EMA to weaken the bullish momentum. The SOLUSDT pair may then slump to the 50-day SMA ($130), suggesting a range formation in the near term.

Dogecoin price prediction

Dogecoin DOGEUSD has dropped to the moving averages, signaling that the range-bound action may continue for a while.

If the price rebounds off the moving averages with strength, the bulls will attempt to kick the DOGEUSDT pair above the $0.21 resistance. If they can pull it off, the pair will complete a double-bottom pattern, which has a target objective of $0.28.

Instead, if the price turns down from $0.21, it suggests that the pair may extend its stay inside the range. The bears will gain the upper hand if they sink the price below the $0.14 support.

Cardano price prediction

Cardano (ADA) has remained above the moving averages, indicating that the bulls are buying the dips.

The moving averages are about to complete a bullish crossover, and the RSI is in the positive zone, indicating a slight advantage for the bulls. There is minor resistance at $0.75, but if the level is crossed, the ADAUSDT pair could surge to $0.83. 

The first sign of weakness will be a break and close below the moving averages. That suggests the bears remain sellers on rallies. The pair could then drop to $0.58, which is likely to act as support.

Sui price prediction

Sui (SUI) has been trading just below the $3.90 resistance, indicating that the bulls have kept up the pressure.

That increases the likelihood of a rally above the overhead resistance. If that happens, the SUIUSDT pair could start the next leg of the uptrend to $4.25 and later to $5.

Contrary to this assumption, if the price turns down from the overhead resistance and breaks below $3.35, it signals that the bulls are booking profits. That could pull the price to the 38.2% Fibonacci retracement level of $3.14 and then to the 20-day EMA ($2.77), which is likely to attract buyers.

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.