XRP bounced in a key resistance, what follows for Ripple cryptocurrency?

The XRP price rebound did not have enough impulse to overcome the historical resistance of 2.30 dollars, a fact that can generate concern among several of its investors.

To better understand this market movement, it is important to remember that the term resistance is used to describe a price level that functions as a roof, where the sale pressure is usually strong enough to prevent the asset from continuing to rise easily.

These levels tend to be repeated over time Due to psychological factors that influence market behavior.

In the case of XRP, this dynamic has been observed on multiple occasions, as seen in the following tradingview.

At the time of the publication of this note, the XRP price is $ 2.14, 36% below its historical maximum (ATH) of $ 3.39.

After bouncing against that resistance, XRP’s price now struggles to stay over the support of 2.10 dollars.

The fact of maintaining that level will be important so that the cryptocurrency emitted by Ripple Labs takes The shipment to go in search of the area of ​​2.50 dollars.

To quote again above that level, it will be important that XRP exceeds a series of challenges ahead.

However, before deepening the possible price catalysts, it is important to highlight that the current rebound in the digital asset market occurs in a context of resumption of commercial dialogue between the United States, India and the European Union.

The dialogues relieved the tensions around the “war of tariffs” that American president Donald Trump has unleashed.

As Cryptonoticias already reported, on April 2, the president announced reciprocal tariffs for several countries, including China, Canada, the European Union and all Latin America.

The announcement caused a red tide in financial markets and revived the rumors of an economic recession in the main financial power worldwide.

Seeing the consequences of the measures, Trump had a 90 -day break to negotiate with all the countries involved, except for China, to which he raised taxes to their products up to 145%.

In response, the Asian authorities also uploaded the tariffs, although they stated that they had no intentions to continue with the commercial dispute.

Guo Jiakun, spokesman for the Chinese Ministry of Foreign Affairs, expressed Beijing’s willingness for dialogue, but clarified: “We do not want to fight, we are not afraid to fight. If necessary, we will fight until the end. But the door for the conversations is open.”

While all eyes are set in a possible commercial agreement, Trump also ruled out the possibility to remove Jerome Powell from officehead of the Federal Reserve (Fed), who has not yet shown intentions to lower interest rates.

This accumulation of news was well received by the market and, if these negotiations come to fruition, a more favorable scenario for digital assets could be consolidated, further boosting their demand and quotation.

Clarified the macroeconomic context, now it is time to analyze what follows for XRP.

Ripple’s cryptocurrency has its own foundations

All looks are put in The possible approval of the funds quoted in the stock market (ETF) in the cash of XRP.

This euphoria intensified after the Bag and Securities Commission (SEC) officially dismissed the charges against Ripple Labs, ending a judicial conflict that began in 2020. At that time, the agency led by Gary Gensler demanded the firm claiming that XRP was a value title (Security) not registered and, therefore, its sale was prohibited.

With the closing of the litigation, the SEC evaluates the requests submitted by companies such as Canary Capital, 21Shares, Bitwise, Grayscale, Franklin Templeton and Coinshares, which seek to launch their ETF of XRP to the market.

One aspect to keep in mind is that, recently, an ETF of leverage futures debuted in the market. The financial product is managed by Teucrium Investment Advisors, bears the name of “Teucrium 2x Long Daily XRP ETF”And quotes under the XXRP ticket.

This fund seeks to double XRP’s daily performance through 2x leverage. To put it in simpler terms, if XRP rises 5% in one day, the ETF aims to grow by 10%; If 5%fall, the fund would go back 10%.

However, the true test is the approval of the ETFs in cash. These instruments are backed by the asset and directly reflect their market price.

Specifically, the ETF al cash imply the real purchase of the asset by the funds where it is cited, which can generate greater demand and have a more direct impact on the price of cryptocurrency.

In addition to attracting more liquidity to the Ripple ecosystem, it will allow the asset to gain visibility among institutional investors.

It is important to note that, despite the optimism that generates the possible approval of these ETFs, their success is not guaranteed. A recent example is what happens with ETHher ETF (ETH), the Ethereum cryptocurrency, which since its launch have shown a performance lower than that of Bitcoin -based funds (BTC).

Another factor that can act as a catalyst for the price of the asset is the success of Ripple USD (RLUSD), the stablecoin that maintains parity with the US dollar and operates in the Ethereum and XRP Ledger networks.

The latter is important because XRP Ledger’s native currency is XRP. That is, if Rlusd succeeds, the activity will increase in the network and, therefore, the demand for cryptocurrency will rise for the payment of commissions.

That greatest demand It will result in an XRP price increase.

Here it is also worth noting that there is a risk that the use of the stablecoin becomes concentrated in Ethereum, which has a greater infrastructure and adoption.

Green signals for XRP

After 15 days, the open interest of XRP (OP in its acronym in English) exceeded 3.1 billion dollars, according to Coinglass data. This suggests a renewed interest on the part of derivative traders.

The OP is an important metric because it represents the total number of futures contracts or options that are active in the market and that have not yet been closed, liquidated or defeated.

An increase in this metric, especially when it is accompanied by a rise in the price, is usually interpreted as a sign of bullish feeling, since it indicates that more operators are betting on future movements in the price.

To this renewed feeling, we must add that rumors about a possible alliance between Ripple Labs and Swift (Society for World and Financial Interbank Communications, in Spanish) were refloated.

Swift, founded in 1973, is a global system that connects more than 11,000 financial institutions in more than 200 countries, although it is usually criticized for its slowness and high costs.

Until now, Swift has not confirmed any agreement with Ripple or plans to integrate XRP. While a possible agreement could include Ripplenet technology, this does not require the use of XRP, which limits its role in the ecosystem.

Despite Ripple agreements with banks and projects such as CBDC, most do not use XRP directly. The challenge remains to make XRP a really useful tool for the banking system.

However, even if XRP does not become part of the agreement, the fact that Ripple collaborates with Swift You can shoot the feeling and speculation around XRPwhich usually translates into buying pressure.

The crypto market usually reacts strongly to the narrative, and a possible alliance between Ripple and Swift would feed the idea that XRP can become “the cryptocurrency of the banks.”

Now, to what price will XRP arrive in 2025?

Jacobo Maximiliano, Exchange Bitget analyst, believes that the Ripple Labs currency could reach a maximum of $ 7.

For its part, Crypto Michael, cryptocurrency market analyst, argues that XRP will reach a price of $ 5.80 in the short term.

For this to happen, it will be important that China and the United States advance with negotiations to put an end to the Commercial War

In the future, it will be key for BTC to quote again – like minimum – above $ 95,000.