Market Trends Signal Potential Surge for XRP

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Apr 02 2025

WAVES-1.22%

XRP+0.335%

Should l Buy WAVES?

XRP Price Movements: XRP is showing a symmetric triangle formation in its price charts, indicating a potential bullish breakout. Analysts suggest that if the price breaks upwards, it could reach $6, but caution is advised due to market uncertainties and reliance on technical indicators.
Impact of Regulatory Developments: The upcoming U.S. Congress session on April 9 may significantly influence XRP's price and the broader cryptocurrency market, as new regulatory frameworks could either alleviate investor concerns or trigger fluctuations, especially given XRP's ongoing legal issues with the SEC.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like WAVES with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for WAVES

Technical Sentiment Analysis for Waves (WAVES) As of , Waves (WAVES) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WAVES stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, WAVES is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Waves (WAVES) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.203	0.319	0.422	0.538	0.641	0.757	0.86
Fibonacci	0.319	0.402	0.454	0.538	0.621	0.673	0.757

About WAVES

Waves is a multi-purpose blockchain platform which supports various use cases including decentralized applications (DApps) and smart contracts.Launched in June 2016 following one of the cryptocurrency industry’s earliest initial coin offerings (ICO), Waves initially set out to improve on the first blockchain platforms by increasing speed, utility and user-friendliness.The platform has undergone various changes and added new spin-off features to build on its original design.Waves’ native token is WAVES, an uncapped supply token used for standard payments such as block rewards.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

GET FREE REAL TIME NOTIFICATIONS

Stock Monitor for WAVES?

Get Started Free

FREE STOCK RECOMMENDATIONS DAILY

Stock Bullish Tomorrow

Get Started Free

70% BACKTESTED ACCURACY!

Should I Buy WAVES?

Get Started Free