XRP (XRP) Price: Can Bulls Push Through $2.30 After Dodging Security Bullet?
TLDR
XRP is trading around $2.19, showing recovery after recent dips
A critical exploit was discovered in the XRP JavaScript SDK affecting versions 4.2.1 to 4.2.4
Technical analysis suggests XRP could target $2.30 and potentially $2.41 next
Long-term price predictions from analysts range from $33 to as high as $100
The crypto market cap is approaching $3 trillion with sentiment turning bullish
XRP, the cryptocurrency associated with the XRP Ledger, has been showing signs of resilience despite a recent security scare in its ecosystem. Currently trading around $2.19, XRP has managed to maintain stability while eyeing key resistance levels that could trigger its next significant move.
The cryptocurrency faced a potential threat this week when security researchers at Aikido discovered a critical exploit in the XRP JavaScript SDK (xrpl.js). This library is widely used by developers to build wallets, decentralized applications, and DeFi services on the XRP Ledger.
Between April 21 and April 22, multiple SDK versions (4.2.1 to 4.2.4) contained a backdoor that could capture private keys during routine wallet functions and transmit them to an attacker’s server. The compromised versions were only uploaded to NPM, not to XRPL’s official GitHub repository.
This suggests it was a supply chain attack specifically targeting developers who fetch packages through NPM registries. The good news is that the malicious code has been removed, and safe updates (v4.2.5 and v2.14.3) are now available.
Developers who used the affected SDK during this period are advised to assume their credentials may be compromised and take immediate action. So far, no funds have been reported stolen, but the risk was real.
Price Action Remains Positive
Despite the SDK security issue, XRP’s price has remained relatively stable. The cryptocurrency is trading at $2.19 as of Wednesday, bouncing back from recent dips. This resilience is largely due to strong support between $2.04 and $2.16 – a zone reinforced by the 50-period EMA and the longer-term uptrend.
Source: TradingView
Momentum indicators have started to recover, with the MACD flattening, which often precedes a momentum reversal. If XRP can maintain its position above $2.16 and break through the $2.30 resistance with volume, bulls may target $2.41 as the next level.
For traders looking to capitalize on potential moves, two entry strategies emerge: a bounce from $2.16 with bullish candle confirmation, or a break above $2.30 with volume. The primary targets would be $2.30 and $2.41, with a suggested stop loss below $2.04.
XRP has risen nearly 5% over the past week, showing strength as it bounces off recent lows. The next key level to watch is the $2.57-$2.58 range, which represents previous highs from March. A breakthrough above this zone could open the door to higher price discovery.
$XRP appears to be forming an inverse head and shoulders pattern, potentially setting the stage for a bullish breakout toward $2.70. pic.twitter.com/LnhRA0zUqV
— Ali (@ali_charts) April 23, 2025
Broader Market Indicators
The strength of XRP isn’t occurring in isolation. While Bitcoin pushes toward the $95,000 mark, Ethereum has been quietly leading the charge among major cryptocurrencies. ETH is outperforming both Bitcoin and many altcoins, hinting at what some analysts call the possible start of “Altcoin Season Phase 2.”
Ethereum’s strength is often considered a bullish sign for the entire altcoin market, including XRP. If ETH breaks above key resistance zones, we could see a broad rally across major altcoins.
The overall cryptocurrency market cap is approaching the $3 trillion mark, with sentiment swinging toward “greedy” on the Fear & Greed Index – an indication that traders are growing increasingly bullish.
XRP’s Bitcoin and dominance charts are coiling in a tight range, signaling a potentially explosive breakout. As Bitcoin dominance begins to drop, XRP and other altcoins are expected to benefit substantially.
Some market analysts have made bold predictions for XRP’s future price, with targets ranging from $33 to $50, and even higher estimates from $77 to $100, based on technical patterns like the “cup and handle” formation.
While these predictions may seem optimistic, they reflect growing confidence in both XRP and the broader crypto market as institutional adoption continues to increase.
The recent security incident serves as a reminder that even trusted ecosystems can be vulnerable. Developers using the SDK are advised to upgrade to safe versions immediately, treat any private keys created during the affected period as compromised, and move funds to new wallets built with verified SDKs.
As XRP price action looks positive, the incident highlights that in cryptocurrency, security remains just as important as price momentum – and both need to align for sustainable growth.
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Filed under: News - @ April 24, 2025 8:23 am