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The XRP price has slipped 1% in the last 24 hours to trade at $2.16 as of 6:30 a.m. EST on a 22% pump in trading volume to $1.92 billion.
The slide in XRP price comes as President Donald Trump reaffirms his strong support for crypto, declaring, “I want crypto.” Trump also stressed that the US must lead in digital assets or risk ceding dominance to China.
JUST IN: 🇺🇸🇨🇳 President Trump says "I want crypto, crypto is important because if we don't do it, China's going to."
China remains the greatest threat to US right now pic.twitter.com/DARIag5SY5
— Prince.Land 🫂 (@Prinz_Land) May 4, 2025
He described crypto as “important,” “very popular,” and resilient during market downturns and criticized the Biden administration’s inconsistent approach, claiming his pro-crypto stance predates his current campaign.
XRP Struggles At $2.15 As Bearish Channel Break Fails To Ignite Rally
The XRP price is currently trading around $2.15, showing signs of weakness despite recently breaking out of a prolonged bearish channel. The token had been moving downward within a well-defined descending channel since early February 2025, following a significant price surge that peaked near $3.50 in late December.
While the mid-April breakout sparked hopes for a bullish reversal, momentum has stalled below critical resistance, raising doubts about the sustainability of any near-term recovery. The initial breakout from the bearish channel came with an uptick in volume and an RSI push above 50, which typically signals growing bullish strength.
However, XRP was rejected near the $2.50 resistance area, aligning with a fair value gap (FVG) zone and an order block (OB) marked by previous selling pressure. The $2.00 level now serves as a crucial psychological and technical support. This reflects indecision among traders and a lack of strong buying conviction.
XRPUSDT Analysis Source: Tradingview
XRP Stuck In Range As Bulls Await Breakout Above $2.50
If XRP fails to hold above this threshold, the price could retest lower liquidity zones near $1.80 or revisit the prior low around $1.50, where bullish interest previously emerged.
On the upside, a clean break above $2.50 is needed to confirm a sustained reversal and open the door toward the broader resistance zone between $2.80 and $3.00. Beyond that, the next major target is near the previous high of around $3.50.
The Relative Strength Index (RSI) is currently neutral, hovering around 48, indicating a balance between buyers and sellers. Without a significant shift in volume or news-driven catalysts, XRP may continue to consolidate sideways in the short term.
While the bearish channel breakout was a positive technical signal, the lack of follow-through casts doubt on a strong bullish continuation.
XRP remains in a wait-and-see phase, with traders watching closely for either a confirmed breakout above resistance or a breakdown below key support. Until one of those levels gives way, XRP’s price action is likely to stay range-bound.
Solaxy Presale Heads For $34 Million – Next Crypto To Explode?
As traders watch for a possible break out in XRP price, this new Solana-based project called Solaxy (SOLX), continues to surge in its presale which has already raised over $33.2 million in funding.
Solaxy aims to improve the Solana network designed to be a faster and cheaper alternative to Ethereum. However, its rising popularity has led to network congestion as users experience delays and failed transactions, raising fresh concerns about how well the blockchain can scale and whether more outages could happen in the future.
🔥 The Solaxy Era Begins 🔥
The Solaxy TestNet Block Explorer is now live! This is the first step in bringing about $SOLX domination. 🛸🪐
Check it out for yourself below 👇https://t.co/VWq2cscsrK pic.twitter.com/8rIQfOHAwb
— SOLAXY (@SOLAXYTOKEN) April 19, 2025
To tackle Solana’s traffic issues, Solaxy plans to use off-chain transaction processing, similar to Ethereum’s layer-2 solutions, to reduce the load on the main network.
This approach involves bundling and verifying transactions off-chain before sending them to Solana’s mainnet, which should help boost speed and efficiency.
Solaxy is also gaining strong investor interest due to its unique cross-chain features. It combines Ethereum’s large DeFi ecosystem and liquidity with Solana’s fast and low-cost transactions.
By connecting these two major blockchains, Solaxy aims to create a hybrid platform that takes advantage of the best parts of both networks.
Solaxy Attracts Investor Buzz With 121% APY
Crypto YouTube channel 99Bitcoins, with over 725k subscribers, recently named Solaxy as one of the most promising new tokens on the market, predicting 100x gains after launch.
Investors can also join the staking program that offers an attractive 121% APY.
Those interested can buy SOLX token for $0.001714 using BNB, ETH, USDT, or even a bank card through the official Solaxy website.
To make access even easier, Solaxy has integrated with Best Wallet, allowing users to buy and manage their SOLX tokens directly in the app.
However, the window to buy at the current price is closing fast, with just around 6 hours left before the next price increase.
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