Revitalized activity on the XRP Ledger has sparked hopes of a stronger rebound rally for the underlying asset, several experts claim. Indeed, on-chain records show that Ripple (XRP) network activity skyrocketed by 67.50% from April 19 to April 20, 2025, registering 40,366 active crypto wallets on the latter day.
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Moreover, this activity renaissance coincides with an Inverse Head ‘n’ Shoulders pattern on XRP’s price charts. In a fresh analysis by Ali Martinez, the seasoned crypto analyst sees an XRP price push towards $2.70 if the reverse bullish structure plays out.
Representing a 35% upswing from current XRP price levels, this resistance level is unseen since March 3, 2025. So far, Ripple coin (XRP) reclaimed the $2.10 territory and is showing signs of finishing consolidation, evident in the expanding Bollinger Bands (BOLL) on XRP price charts we’ll delve into next.
What’s Coming Up Next For XRP Price?
Next up, XRP is facing a neckline resistance level at $2.20, which proved to be difficult to claim throughout April. Also, the popular cross-border altcoin topped at the $2.94 peak during the previous month’s rally, but several geopolitical pushbacks erased the gains. The market-wide effect of the global tariff squabble had XRP price bouncing off $1.65 on April 7, 2025.
On top of that, the stalling of finality in the high-profile Ripple vs. the SEC case could have added cautiousness for XRP bulls, who are now displaying only a slight advantage over bears, basing on the Chaikin Money Flow (CMF) index at 0.01. On a brighter note, the Balance Of Power (BOP) meter recovered from negative values on Easter Monday.
Indeed, if the OG altcoin breaches the red-label Bollinger Band (BOLL) depicted on XRP price charts, Ripple’s native crypto could see a breakthrough in other crucial metrics. However, much of the XRP Ledger’s underlying altcoin’s price action depends on the regulatory advancements.
Despite a favorable verdict, Ripple is yet to settle with the U.S. Securities and Exchange Commission (SEC), a regulation-shifting moment designed to open doors to the inaugural XRP ETF.
On The Flipside
- On Derivatives markets, Ripple coin’s consolidation period was way harder for XRP bulls, who got their over-leveraged positions wiped out thrice as crypto bears, or short-sellers.
- Amid today’s calm price action, the altcoin’s believers incurred a $3.24 million deficit in liquidations, in comparison to $1.03 million liquidated from short-sellers, according to CoinGlass.
Why This Matters
Network activity is what usually drives the underlying asset’s long-time worth, while bullish technical patterns without the backing of a high trading volume can turn out to be a bull trap.
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