MEXCXRP Price Sees 12% Gains as China Tariffs Sparks Bitcoin Price Rally
Highlights
- XRP’s 12% rally aligns with an early MACD crossover, signaling bullish momentum as the price reclaims key levels.
- Bollinger Bands show potential for volatility expansion, with XRP rebounding from $1.98 and eyeing $2.28 resistance.
- Bitcoin’s momentum remains crucial, if sustained rally it could push XRP higher toward the $2.58 upper Bollinger Band target.
XRP price consolidates at $2.15 on Saturday April 5, after posting 12% in the previous two days of trading. With ripples from China’s trade tariffs still active, markets data trends suggest bull could be gearing up for further upside.
Ripple (XRP) sees gains China tariffs sparks crypto market recovery
Ripple (XRP) price posted considerable gains on Friday climbing as high as $2.17, as China’s tariffs on the US introduce fresh volatility risks.
The global crypto market cap erased losses from Wednesday’s sell-off as China announced retaliatory tariffs on Friday.
Investors now fear these measures could impact revenues of U.S. firms worldwide, with concerns mounting as more countries consider retaliatory actions.
If the U.S. fails to find a diplomatic solution, equities could slide further, accelerating capital rotation into alternative assets.
Investors increasingly view Bitcoin as a hedge against trade policy risks, prompting fund inflows into the crypto market.
According to Coingecko data, the total market cap stabilised around $2.78 trillion, with major assets reclaiming key support levels—Bitcoin at $83,000, Ripple price at $2, and Ethereum breaking above $1,800.
XRP Price Forecast: XRP Eyes $2.28 as Bullish Reversal Gains Momentum
XRP price surged 12.54% in two days, reclaiming the $2.12 level amid strengthening bullish momentum. The rally coincides with an early MACD crossover and a recovery within the Bollinger Bands’ lower boundary.
The Bollinger Bands indicate a potential volatility expansion after XRP touched the lower band at $1.98 and rebounded sharply.
The mid-band resistance at $2.28 aligns with the Volume Weighted Average Price (VWAP) at $2.09, reinforcing a crucial test for sustained upside.
A breakout above these levels could fuel a rally toward $2.58, where the upper Bollinger Band sits.
Meanwhile, MACD lines are narrowing, with the blue line approaching an upward crossover. If confirmed, this would mark a bullish reversal, echoing past rallies from similar levels.
However, Bitcoin price forecast remains a critical factor, as BTC’s next move could influence XRP’s trajectory. If Bitcoin maintains bullish sentiment, XRP could benefit from broader market strength.
Failure to break the $2.28 resistance could trigger another retest of $1.98 support, risking further declines. However, as long as XRP holds above the VWAP, the technical setup leans bullish, suggesting higher probability for further gains.
Frequently Asked Questions (FAQs)
1. Will XRP price continue to rise after its recent 12% surge?
2. How do China’s tariffs impact the crypto market?
3. What are the key resistance and support levels for XRP?
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