- With support at $2.10 and critical resistance at $2.25, XRP is currently testing.
- A breakout above $2.25 could propel XRP toward the next resistance level at $2.60.
- Futures open interest data indicates a cooling of bullish sentiment post-February.
XRP is currently at a pivotal point, with its price hovering above $2.10, finding support at the 21-week exponential moving average (EMA). As of April 15, 2025, XRP is facing a critical test at the $2.25 resistance level. If the weekly candle closes above the $2.10 price level and the EMA, and crucially above $2.25, it would strongly suggest that the recent bottom at $1.96, reached on April 7, has been confirmed.
Navigating Critical Support and Resistance Levels
According to analyst Egrag Crypto, XRP is navigating important price levels. The $2.10 level serves as a firm support, along with $2.25, which may be the next barrier for fear that the bear society might retreat and drag prices higher. Suppose it breaks above $2.25 because, as it stands now, that will be confirmation of the continued bullish trend.
Source: X
The chart also seems to indicate areas of price zones or levels where traders will be looking, among these-segmenting the $1.96 level that is important to watch for in case of a dip. The next significant resistance level after $2.25 is $2.60.
If XRP remains unclosed above $2.25, concerns may resurface, especially around regulatory pressures. Like in 2013, when China’s erratic approach to crypto mining ramped up volatility in the market. This may bring up tariff issues again or other regulatory matters that would heavily weigh on XRP’s price, as per EGRAG Crypto.
Futures Open Interest Correlates with Price Action
The on-chain data from Coinglass reveals fluctuations in XRP’s futures open interest between September 2024 and April 2025. Initially, open interest remained below $2 billion until a sharp increase in January 2025. On that occasion, the open interest rose to over $3 billion, with XRP simultaneously trading above $3.00 in early February. However, as XRP retraced to approximately $2.10, open interest dropped sharply, indicating a run-off of leverage positions and suggesting a drop in investor confidence at the time.
Source: CoinGlass
The chart shows that there is an existing positive correlation between the price changes in XRP and the corresponding changes in open interest. During this time in early February, when the price was increasing, open interests surged, pointing to increased speculative activity taking place. However, during the price decrease, the decrease in open interest subsequently indicates that many traders started to unwind their positions. This drop in open interest reflects a cooling of bullish sentiment in the market.
Related: XRP Suffers $300M in April Outflows Amid Weak Market Momentum
Regulatory Challenges Loom Over Price Action
XRP’s market price not only depends on its actual price but also on outside factors, especially regulation concerns. As reported by EGRAG Crypto, adding to the loss of XRP, if the digital coin fails to exceed $2.25 and maintain its pace with it, the future of the market may face more regulatory hiccups. It could result in a situation like that of 2013, where China’s position on crypto mining led to instability within the market. Such issues coming back again would weigh negatively on the price of XRP and affect its overall state and price development further.
