By Alex Rivera

XRP is back in the spotlight after reclaiming the $2.10 level. Traders and analysts are watching as reserves on exchanges hit multi month lows, less sell pressure. Bullish momentum building as people are betting on a Ripple ETF which could send prices even higher in the next few weeks.

Despite a 3.83% drop on April 14, XRP held strong with high volume and RSI and MACD indicators showing a trend reversal. Now we are looking at the $2.17 resistance zone, hoping for a breakout as confidence grows in XRP’s long term.


XRP Price Action Summary (April 16):

  • XRP opened the day trading around $2.1578.
  • Brief bullish momentum pushed the price above $2.17 between 4:00 PM and 8:00 PM on April 15.
  • After peaking, XRP began a consistent decline through the night and into April 16.
  • The token dropped to an intraday low of $2.07, marking a notable downward trend of ~4% over the last 24 hours.
  • Selling pressure increased during early morning hours, with minimal bounce attempts and no strong recovery signs as of the latest reading.

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XRP Holds Above $2.10 as Exchange Reserves Hit Multi-Month Lows

April 15, XRP held the $2.10 support level and didn’t budge to the bearish pressure from earlier in the week. As reported by CoinChapter, XRP’s exchange reserves have dropped to the lowest level in months – a strong bullish sign that large holders are not selling.

Technical indicators are mixed. April 14 session ended with 3.83% decline, RSI and MACD are showing weakening selling pressure. If momentum builds, XRP can reclaim the recent high of $2.217 and test the $2.17 resistance.


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Conclusion: MAGACOIN and XRP Both Surge — But One Has a Bigger ROI Horizon

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About the Author: Alex is a long time journalist for NewsWatch, using his expertise to explain to readers how technology is reshaping society beyond mere gadgets and algorithms. His reporting cuts through industry hype to reveal the human stories behind technical innovations, offering readers a thoughtful perspective on where our digital future is heading.

 

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The authors views expresssed in this article are those of the author and do not necessarily reflect the opinions of NewsWatchTV. This content is for informational purposes only and should not be considered financial or investment advice. Readers are strongly encouraged to conduct independent research and consult with a financial expert before making any investment decisions. NewsWatchTV is not responsible for the accuracy of the information provided or any losses or damages arising from reliance on this content.