XRP is currently trading at $1.41, with a 24-hour volume of $1.67 billion, according to data from crypto.news. The token saw a 1.70% gain in the last day but slipped 0.30% over the past week. After briefly reclaiming $1.40 during early Asian trading, XRP’s upward momentum has market participants watching closely. The rise in trading volume suggests increased interest around the key $1.50 resistance level.
XRP has been oscillating between $1.35 and $1.45 in recent sessions. The latest push lifted it above the lower boundary, drawing attention to near-term resistance at $1.41–$1.42. A decisive break above this zone could lead to a retest of $1.45, while a drop below $1.40 would signal that the breakout attempt may have faltered.
Technical analysts are identifying bullish patterns on the monthly chart. EGRAG CRYPTO points to a macro diamond formation, where $1.50 serves as the critical trigger. A close above this level could pave the way toward $2.20. The analyst emphasized that this set up is not random, and a large move is likely building. Time windows in April 2027 and April 2028 are also highlighted.
CW noted that XRP’s Heikin Ashi candle has been green for four consecutive weeks, indicating a bullish shift in trend. However, further price confirmation is still required. ChartNerd observed that the 3-month Gaussian Channel shows rising cycle lows, with the latest floor near $0.77. But ChartNerd raised a question: is this consolidation healthy or a warning of a deeper correction later in 2026?
In the ETF space, XRP products saw minor outflows of $35,210 in the week ending May 1, following three weeks of net inflows totaling $82.88 million. Cumulative inflows remain robust at $1.29 billion, though weekly net assets dipped to $1.06 billion, reflecting softer short-term flows.
Disclaimer: This content is for informational purposes only and does not constitute investment advice.