Summary:
⚈ Strong momentum suggests XRP may soon break key resistance levels.
⚈ Market shifts and Trump policies could stall XRP’s upward trajectory.
Although it took nearly 48 hours to catch up with Bitcoin (BTC), XRP entered a powerful rally on April 22, soaring 7.75% over the last seven days and, perhaps even more impressively, 6.52% over the last 24 hours.
With a press time price of $2.27, the token has also achieved a market capitalization of $132.57 billion, meaning it has added nearly $9 billion within the 24-hour period, according to data Finbold retrieved from CoinMarketCap on April 23.
Considering the upward momentum, XRP appears poised to break through its current key resistance levels – the nearest of which lies at $2.28 – and reclaim its previous 2025 highs, though the further roadblocks near $2.34 and $2.44 could prove harder to overcome.
The token’s performance is further bolstered by the prevailing cryptocurrency market tailwinds, which have also seen Bitcoin soar past $90,000 and stabilize above $93,000 after rejecting highs over $95,000 earlier on April 23.
Why XRP might not rocket to the moon
Simultaneously, XRP’s journey to the moon may not be guaranteed due to unexpected external developments, as President Donald Trump’s rumored decision to slash tariffs on China led the stock market to open overwhelmingly in the green.
Bitcoin’s latest rally – a move that, arguably, facilitated XRP’s surge above $2.20 – itself came as BTC’s realignment from mirroring the stock market’s performance to trading more like gold.
Under the circumstances and given the triple phenomenon of the commodity retracing sharply after hitting $3,500, Bitcoin correcting after crossing above $95,000, and XRP’s pivot after touching $2.29, it is possible that the digital asset’s rally will be sapped by corporate equity’s upswing.
In late 2024, Donald Trump’s reelection proved a bullish catalyst for the vast majority of assets and a bearish driver for gold as investors saw their risk appetites increase, though the April 2025 move might be less pronounced due to the prevailing economic uncertainty and the White House’s unpredictability.
Featured image via Shutterstock
