- XRP SuperTrend turns bullish, signaling potential rebound after months of selling pressure in the market.
- Price must break $1.55 resistance to confirm upside, with analysts targeting a move toward $1.90.
- Mixed indicators show weak momentum, while long-term structure still points to broader bullish potential.
XRP has flashed a bullish signal for the first time since January 17 as the SuperTrend indicator turned positive on the daily chart, according to analyst Ali. The flip comes after months of sustained selling pressure. However, price remains below a critical resistance at $1.55, which continues to define the next move.
Supertrend Flip Changes Short-Term Outlook
Ali stated that the SuperTrend indicator now signals a buy setup after a prolonged bearish phase. This is a change in derivatives and spot momentum. Notably, the indicator also provides a trailing support level for price action.
However, Ali identified $1.55 as the immediate barrier for continuation. A confirmed daily close above that level could trigger a recovery toward $1.90. Until then, price action remains constrained below resistance.
This technical shift follows recent volatility, which ties into broader market structure. As momentum evolves, other analysts are focusing on larger trends.
Broader Structure Under Focus
Egrag Crypto pointed to a longer-term setup beyond short-term patterns. He noted that XRP formed a descending triangle after months of accumulation. That pattern eventually broke down, which aligns with statistical expectations.
However, he argued that the breakdown does not invalidate the broader trend. Instead, he described it as a liquidity sweep within a larger structure. According to him, XRP continues to move within a macro channel called the “Bifrost Bridge.”
He added that this structure keeps the long-term outlook intact. Price compression, in this context, reflects buildup rather than weakness. Based on this framework, he maintained a projected range between $9 and $13.
Price Indicators Show Mixed Momentum
Meanwhile, recent price action shows both strength and weakness. XRP rallied from around $1.33 to near $1.50 between April 13 and April 17. That move came with rising volume, indicating active buying.
However, the rally slowed and shifted into a pullback phase. Price dropped toward $1.41 while forming lower highs. The Relative Strength Index now is near 30, approaching oversold territory.
Meanwhile, the MACD remains below its signal line, reflecting weak momentum. Immediate support stands between $1.40 and $1.41, while resistance remains near $1.45 and $1.50.
