Keltner Channel bands Confirm $2.35 Target

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Keltner Channel bands Confirm $2.35 Target

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Ripple (XRP) Holds $2.20 Support as Crypto Market Cap Crosses $3 Trillion

XRP price broke decisively above the $2.20 threshold on Saturday, April 26, fuelled by widespread bullish sentiment following Trumps aggressive calls for rate cut as softening stance on tariffs triggered a risk-on wave across global financial markets, driving the crypto market capitalisation to an all-time high above $3 trillion.

Crypto market capitalisation crosses $3 trillion, April 26 | Source: Coingecko

As Bitcoin price climbed to a 60-day peak of $95,000 on Friday, XRP tracked the broader momentum, rallying as high as $2.25 before experiencing a modest pullback toward $2.19, at the time of writing.

XRP price action, April 26, 2025 | Source: Coingecko

Notably, while the broader crypto market retraced 2%, XRP price on took a mild 0.3% hit, as bulls make frantic effort to hold the key support level at $2.20. Strong trading volume, nearing $2.5 billion over the last 24 hours affirms that XRP continues to find buyers despite cooling market activity,

Fees Burned on XRPLedger Surges 38% as Trumps Comments Reignites Market Activity

Beyond price action, underlying network fundamentals also strengthened significantly. XRP Ledgers burned fees rose from 2,730 XRP on April 22 to 3,775 XRP on April 26, representing a 38% increase week-over-week, according to XRPScan.

The uptick in fee burns is an important on-chain signal. It implies an organic increase in transaction activity, likely driven by both organic user growth and greater application-layer adoption within the XRP Ledger ecosystem.

Ripple (XRPL) Fees Burned | Source: XRPScan.com

In financial terms, the burn acts as a deflationary mechanism, subtly reducing XRPs circulation supply over time.

Favio Valerda is the Head of growth as Sologenic, an instant payments and asset tokenization protocol built on the XRPLedger network.

Weighing in on XRPs digital gold prospects, Favio identifies key on-chain growth metrics aligning with fee burn.

“XRP isn‘t digital gold—but it is the liquidity layer that makes digital gold tradable, transferable, and composable on blockchain rails. Designed as a settlement asset for liquidity routing, XRP serves its purpose with precision. While gold and Bitcoin act as stores of value, XRP’s strength lies in its transactional utility, powering over 1.5 million daily transactions with unmatched speed and efficiency.” Favio Valerda, Sologenic.

Velarde‘s view hints that as crypto adoption grows, networks like Ripple’s XRPL offering scalable settlement layers, stand to benefit as must as store-of-value assets like Bitcoin, with Gold-like qualities.

Looking ahead: What next for XRP price？

With XRP price holding critical support around $2.20, network activity rising, and macro tailwinds building, another leg-up could be on the cards. However, as liquidity from institutional trading activity may subsides over the weekend, short-term bull traders must offer strong support and prevent a decisive reversal below $2.10.

XRP Price Forecast Today: Bulls Eye $2.35 if $2.20 Support Holds Firm

XRP price remains resilient above the critical $2.20 mark, hinting at an imminent breakout toward $2.35 in the short term.

The Keltner Channel bands on the daily chart are tightening, indicating a volatility squeeze that typically precedes a major directional move.

More so, the Parabolic SAR dots have flipped below the candles since April 20, a classic technical buy signal, reinforcing the case for further upside.

XRP Price Forecast | TradingView

Meanwhile, the Money Flow Index (MFI) reading of 57.12 indicates healthy inflows without signaling overbought conditions, offering additional room for XRP to rally sustainably.

In a bullish continuation scenario, if XRP can maintain support at $2.20, a swift push toward $2.35 resistance, aligned with the upper Keltner Channel band, becomes increasingly probable.

Conversely, a break below $2.13 could expose XRP to a retest of deeper support at $1.94, where the lower Keltner Channel band and prior demand zone converge.

Frequently Asked Questions (FAQs)

XRP rose past $2.20 after Trumps calls for rate cuts and tariff reviews sparked renewed bullish sentiment across global markets.

XRP Ledger burned 3,775 XRP on April 26, a 38% increase from April 22, reflecting rising transaction activity and adoption.

Not exactly; insiders position XRP as blockchains liquidity layer for seamless asset transfer, while Bitcoin retains the store-of-value role.