XRP flashed a bullish signal on the daily chart as the SuperTrend indicator flipped positive for the first time since January 17, according to analyst Ali. The flip comes after months of sustained selling pressure, but price remains below the critical $1.55 resistance level.
SuperTrend Flip and $1.55 Hurdle
Ali stated that the SuperTrend now signals a buy setup after a prolonged bearish phase, also providing a trailing support. However, he 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 remains constrained.
Long-Term View: $9-$13 Target
Analyst Egrag Crypto highlighted a broader setup. He noted XRP formed a descending triangle after months of accumulation, which eventually broke down. But he argued this is a liquidity sweep within a larger macro channel called the “Bifrost Bridge.” Price compression reflects buildup, not weakness. Based on this framework, he maintained a target range between $9 and $13.
Short-Term Momentum: Mixed Signals
XRP rallied from around $1.33 to near $1.50 between April 13 and April 17 with rising volume. However, the rally stalled and price pulled back to $1.41, forming lower highs. The RSI is near 30, approaching oversold territory. The MACD remains below its signal line, reflecting weak momentum. Immediate support sits between $1.40 and $1.41, while resistance stands near $1.45 and $1.50.