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The XRP price edged up over 1% in the last 24 hours to trade at $2.15 as of 3:48 a.m. EST on trading volume that plunged 33% to $2.5 billion.
That’s as Ali Martinez shared on his X that over 66% of Binance traders are long on the asset, believing that the Ripple token could soar even higher.
66.86% of traders in Binance with open $XRP positions are going long! pic.twitter.com/oDL2NsUzHq
— Ali (@ali_charts) April 15, 2025
Ripple Token Price Invalidates A Descending Triangle, Poised For A Breakout
The XRP price on the daily chart illustrates a notable breakout from a descending triangle formation, a classic bearish-to-neutral pattern that often precedes a strong directional move.
The descending triangle is clearly defined by a series of lower highs forming the descending resistance line, while the horizontal support around the $2.00 level acted as a key base of consolidation, as GeckoTerminal data shows.
XRP price action recently broke out above the descending trendline resistance near the $2.15–$2.20 range, suggesting a potential bullish reversal is underway.
Moreover, the Ripple token price action has reclaimed the key 50-day Simple Moving Average (SMA) at $2.2430, a sign of regained bullish momentum.
The 200-day SMA continues to slope upward, reinforcing a long-term bullish trend.
The Relative Strength Index (RSI) is hovering around 50.48, a neutral zone, but slightly tilting towards bullish territory. This indicates that momentum is beginning to shift back in favor of buyers, though it is not yet in the overbought region.
Meanwhile, the blue Moving Average Convergence Divergence (MACD) line is currently crossing above the signal line, and the histogram is beginning to turn positive.
XRP Price Prediction – $2.80 Could Be The Next Target
Following the breakout from the descending triangle, a measured move approach suggests a potential price target of around $2.80, reflecting an approximate 28% gain from the breakout point near $2.15.
If the Ripple token price maintains its position above the key moving averages and bullish momentum continues to build in both the MACD and RSI, XRP could realistically test this target in the coming weeks.
However, failure to hold the $2.00–$2.15 region could invalidate this outlook and push the price of XRP back toward the 200-day SMA at $1.90 or $1.70 as a cushion against downward pressure.
Meanwhile, investors are buying a new Solana coin called Solaxy (SOLX), which popular YouTube channel 99Bitcoins, with over 725K subscribers, says has the potential to soar 100X post-launch.
Solaxy Presale Rockets Past The $30 Million Mark
Solana already boasts significantly lower fees compared to Ethereum, and now, with the development of its first-ever layer-2 chain, it’s slashing costs even further.
That is thanks to Solaxy, a new L2 that offloads computation from the Solana mainnet, easing congestion and reducing on-chain demand.
Solaxy is still in development, but it’s already raised $30.1 million in its presale, which is an early sign of strong investor confidence in Solana-native scaling.
The latest enhancements include improved transactions per second (TPS) rate, enhanced data throughput, and optimized rollup performance, all key steps as Solaxy gears up to elevate Solana’s efficiency as its first scaling solution.
🚨 Solaxy is now live in Upcoming Tokens! 🚨@SOLAXYTOKEN gives holders an opportunity to join the first-ever Solana Layer 2 blockchain.
Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF
— Best Wallet (@BestWalletHQ) December 17, 2024
Its ambitions don’t stop there. Built with cross-chain technology, Solaxy merges the best of Solana and Ethereum. Therefore, SOLX creates a powerful asset that stands out in the market.
Moreover, once launched, Solaxy will provide a platform where developers can build decentralized applications or launch new tokens without compromising (and possibly even improving) Solana’s layer-1 capabilities.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001694 each using BNB, ETH, USDT, or a bank card.
Solaxy also offers holders who stake SOLX a huge annual yield of 134%.
Interested investors will want to buy SOLX before the next presale price hike in around 8 hours.
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