BTC and XRP Bounce from Key Support – Is a Full Rally Taking Shape?

 

Weekly Technical Analysis: Bitcoin (BTC) and Ripple (XRP) – April 23, 2025

📌 Overview

As the cryptocurrency market regains momentum following a period of pullbacks and consolidation, Bitcoin (BTC) and Ripple (XRP) are showing early technical signals that could lead to renewed bullish trends. This week’s analysis examines the weekly chart structure for both assets, focusing on key support and resistance levels, trend dynamics, and momentum indicators — namely MACD (Moving Average Convergence Divergence) and Stochastic RSI.

Traders and investors looking for medium-term direction will find important insights into where prices could be headed over the next few weeks based on current chart formations and indicator behavior.

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₿ Bitcoin (BTC/USD) – Weekly Chart Analysis

Price Structure and Trend

Bitcoin remains in a strong long-term uptrend, as seen from the clear parallel channel stretching back to early 2023. Over the past few months, BTC has experienced a healthy correction but successfully bounced from the lower boundary of the ascending channel, currently hovering around $91,500.

This rebound confirms the structure’s integrity, as BTC continues to respect both the lower trendline (support) and upper trendline (resistance) of the channel. The midline of the channel — currently just above $92,000 — is acting as an intermediate resistance.

If Bitcoin can break above the midline and sustain momentum, it may target the upper boundary of the channel, which is nearing the $100,000 psychological level. On the downside, critical support levels are located at $81,200 and $76,100, both marked by horizontal support lines and previous price action reactions.

MACD Indicator

The weekly MACD for BTC/USD is currently signaling a possible bullish crossover:

• MACD Line (blue) is rising and approaching the Signal Line (orange) from below.

• Although still in negative territory, the histogram bars are shrinking, suggesting that bearish momentum is losing steam.

If the crossover confirms in the next one to two weeks, it would mark a significant momentum shift and could open the door for a sustained rally toward the upper end of the trend channel.

Stochastic RSI

Stochastic RSI also supports the bullish reversal thesis:

• %K: 32.80

• %D: 19.66

While still technically in the lower part of the oscillator range, the %K line has crossed above the %D line, and both are curving upward. This typically signals a fresh momentum upswing. If follow-through continues, BTC could climb aggressively in the short-to-medium term.

BTC/USD Weekly Summary

• Trend: Strong uptrend intact, bounce from lower channel support.

• MACD: Bullish momentum building, potential crossover soon.

• Stoch RSI: Bullish crossover from oversold region.

• Key Support: $81,200 / $76,100

• Key Resistance: $92,000 / $100,000

Overall, BTC shows a compelling bullish technical setup for the coming weeks.

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⚡ Ripple (XRP/USD) – Weekly Chart Analysis

Price Action and Structure

XRP has experienced a more turbulent path than Bitcoin in recent months. After rallying sharply toward the $3.30 peak, the price entered a consolidation phase, characterized by a series of lower highs and lower lows. Despite the corrective trend, XRP recently bounced from a key support zone around $2.03, and is now trading near $2.16.

The most immediate resistance lies near $2.30, a level that has repeatedly acted as a short-term barrier. If XRP can reclaim this area, the next major target is $2.76, followed by the all-important $3.30 high, which remains the primary resistance to beat if bulls want to push XRP into a new macro uptrend.

On the downside, the $2.03 level remains pivotal. If it fails to hold, XRP may revisit deeper support near $1.78, which was previously a springboard for sharp upward moves.

MACD Indicator

The MACD on XRP’s weekly chart remains in bearish territory, but is showing signs of bottoming:

• MACD Line: -0.1207

• Signal Line: 0.3122

The gap between the lines is narrowing, and the histogram bars are gradually decreasing, which suggests that downward momentum is fading. However, there is no confirmed bullish crossover yet, making it a “wait-and-see” situation for traders seeking stronger signals.

Stochastic RSI

The Stochastic RSI for XRP is in deep oversold territory, but a bullish crossover is forming:

• %K: 9.15

• %D: 5.87

With both lines starting to curve upwards from below the 20 level, the conditions are set for a possible short-term rebound. This matches the recent bounce from the $2.03 support area, hinting that a reversal might be underway.

Should the crossover complete and follow-through occur, XRP could rally toward $2.30 and potentially $2.76. However, failure to break those resistances could mean the asset remains range-bound.

XRP/USD Weekly Summary

• Trend: Sideways-to-down, but bouncing from major support.

• MACD: Bearish but stabilizing; watching for a crossover.

• Stoch RSI: Bullish crossover forming from oversold.

• Key Support: $2.03 / $1.78

• Key Resistance: $2.30 / $2.76 / $3.30

XRP is not as strong as BTC from a momentum standpoint but is technically positioned for a rebound, provided the support zones continue to hold.

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Final Thoughts

Bitcoin and Ripple are both at technically significant junctures. Bitcoin appears more structurally solid, with its uptrend channel still intact and bullish signals developing on both MACD and Stochastic RSI. Ripple, while weaker on momentum, has also bounced from critical support and is showing early signs of reversal.

For traders and investors:

• Bitcoin may offer the stronger medium-term setup, especially if MACD confirms a crossover soon.

• Ripple could provide high-risk, high-reward opportunities if the current rebound extends — especially toward the $2.30–$2.76 resistance region.

As always, monitor weekly closes and confirmations, and pair technicals with broader macro and crypto sentiment trends.

📌 Disclaimer

The information provided in this article is for educational and informational purposes only and does not constitute financial advice, investment advice, trading advice, or any other sort of advice. The content reflects solely the author’s personal analysis based on publicly available data and technical indicators at the time of writing.

Cryptocurrencies are highly volatile assets. Please do your own research (DYOR) and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. The author and Darrisman Research are not responsible for any losses or damages resulting from the use of this information.

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