{"id":59837,"date":"2025-04-16T21:00:42","date_gmt":"2025-04-16T21:00:42","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=59837"},"modified":"2025-04-16T21:00:42","modified_gmt":"2025-04-16T21:00:42","slug":"heres-what-happens-if-the-xrp-price-closes-out-this-week-above-2-25","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=59837","title":{"rendered":"Here\u2019s What Happens If The XRP Price Closes Out This Week Above $2.25"},"content":{"rendered":"

XRP is back trading above, $2, and bullish momentum is gradually creeping back <\/a>compared to its price action at the end<\/a> of March and beginning of April. Crypto analyst EGRAG CRYPTO believes this week could highlight a turning point for a full flip into bullish momentum, and how the XRP price closes out the week will be very important.<\/p>\n

According to the analyst\u2019s outlook, which was posted on social media platform X, the current XRP candle on the weekly timeframe is hovering just above both $2.10 and the 21-week Exponential Moving Average (EMA). However, he noted that<\/a> the real confirmation lies with if XRP can manage to close the week with a full-bodied candle above $2.25.<\/p>\n

Why Is $2.25 Important For XRP\u2019s Price?<\/h2>\n

The $2.25 level has now become more than just another short-term resistance.<\/a> It is what EGRAG considers the final barrier to validating the recovery structure forming after March and April\u2019s sharp retracement. His weekly chart shows XRP climbing out from a significant low after bouncing off the 0.888 Fib extension level and now stabilizing above the yellow 21-week EMA line.<\/p>\n

The alignment of XRP\u2019s price above both the $2.10 price level and this moving average adds credibility to the potential of a bullish continuation, but EGRAG makes it clear that a weekly close above $2.25 is the \u201clock-in\u201d point. From a technical standpoint, this would mark the first full-bodied weekly candle above the 21W EMA since the past four weeks. If achieved, this can be interpreted confirmation that bulls have regained dominance and that a bottom was established on April 7.<\/p>\n

Furthermore, it suggests that the April 7 bottom will continue to hold as support going forward. The chart also outlines close price targets at $2.51 and $2.60, with Fibonacci extension levels projecting even higher zones at $2.69 on the way to crossing back above $3<\/a>.<\/p>\n

Failing To Close Above $2.25 Could Reintroduce Unwanted Narratives<\/h2>\n

EGRAG also issued a cautionary note in case there isn\u2019t a clean breakout. Should XRP fail to close the weekly candle above $2.25, he warned it could trigger a return of bearish narratives, including what he referred to as a possible \u201ctariff issue.\u201d This is referring to the recent tariff <\/a>back-and-forth between the US and China in the past month, which has unbalanced<\/a> the investment markets.<\/p>\n

A strong rejection could see the XRP price pull back<\/a> toward the $1.96 Fibonacci level or even lower into the broader support band of around $1.58 to $1.30. The white box region on the chart above would then become the primary battleground for bulls and bears if a close above $2.25 is not secured by the end of the week.<\/p>","protected":false},"excerpt":{"rendered":"

XRP is back trading above, $2, and bullish momentum is gradually creeping back compared to its price action at the end of March and beginning of April. Crypto analyst EGRAG CRYPTO believes this week could highlight a turning point for a full flip into bullish momentum, and how the XRP price closes out the week […]<\/p>\n","protected":false},"author":0,"featured_media":59838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59837"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59837"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/59838"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}