XRP Price Holds Steady at $2.13 Amid Bullish April Predictions — Could $3+ Be Next?
Ripple’s XRP surged to $2.17 during Saturday’s session before retracing to $2.13, extending its multi-day rebound. The rally followed renewed U.S.–China trade tensions, after China imposed a fresh round of tariffs on American goods—prompting a capital rotation from equities into digital assets like Bitcoin, Ethereum, and XRP.
Investors rotated capital into digital assets, viewing them as inflation-hedged and geopolitically neutral. This move helped Bitcoin reclaim $83,000, Ethereum surpass $1,800, and XRP gain 12% in two days. The total crypto market cap rebounded to $2.78 trillion, with XRP emerging as one of the top performers.
Coinbase’s announcement of XRP futures launching April 21 further fueled optimism, reinforcing institutional interest in the asset.
Geopolitical Risk Fuels Capital Rotation into Crypto
The tariff escalation from China created a broader “risk-off” wave, pressuring equities and strengthening the case for crypto exposure. With diplomatic uncertainty rising, investors have turned to Bitcoin and XRP as strategic hedges.
XRP’s strong rebound aligns with a market-wide recalibration of capital. Traders are positioning for volatility and uncertainty, particularly if corporate earnings weaken under prolonged trade tension.
Key Developments:
- Crypto market cap rebounded to $2.78 trillion.
- XRP rose 12%, testing the $2.17 resistance level.
- Risk sentiment shifted, fueling inflows into digital assets.
Coinbase Futures and Institutional Expansion Drive XRP Momentum
Coinbase Institutional has filed to launch cash-settled XRP futures on April 21, trading under the symbol XRL. Each contract will represent 10,000 XRP, with safeguards like hourly trading halts for large price swings.
This follows Bitnomial’s physically settled XRP futures launch in March, signaling increasing regulatory clarity post-Ripple’s 2023 court victory.
Despite the structural support, short-term sentiment remains mixed. CoinGlass data shows XRP perpetual futures funding rates at -0.14%, indicating a bearish skew among derivative traders.
Still, analysts suggest that regulated futures may attract long-duration capital, providing better liquidity and more efficient price discovery.
Institutional Highlights:
- Coinbase futures go live April 21 with volatility controls.
- Bitnomial’s launch confirms regulatory momentum for XRP.
- Futures market still skews bearish, but long-term flows could reverse that trend.
XRP Technical Picture: Breakout or Bull Trap?
On the technical front, XRP is trading at $2.15, up 4.37% on the day, with a market cap of $125.25 billion. The 4-hour chart shows a confirmed breakout from a descending parallel channel. Price has reclaimed the 50-period EMA at $2.14, now acting as dynamic support.
Momentum indicators are constructive. RSI at 55 signals growing bullish strength without breaching overbought levels. A sustained move above $2.15 could trigger a rally toward $2.23, followed by $2.31. On the downside, initial support is seen at $2.02, with stronger demand expected around $1.96.
- Breakout above descending channel confirmed.
- Key resistance levels: $2.23, $2.31
- Support levels: $2.02, $1.96
If XRP holds above the 50-EMA, bullish momentum could extend toward $2.58. However, failure to clear resistance near $2.23 may keep the asset range-bound.
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