XRP has shown signs of recovery over the past week, supported by steady buying pressure from bulls. The asset climbed toward the 1.50 dollar level منتصف the week before losing some momentum and settling around 1.43 dollars after sellers stepped in.
Fresh on chain data now suggests that a stronger bullish reversal may be taking shape.
Technical Signals Point to Possible Breakout
According to analyst Ali Martinez, XRP is transitioning from a bearish phase into a more positive trend. On the daily chart, the SuperTrend indicator has issued a buy signal for the first time since January. This shift suggests that selling pressure is easing after months of consistent downside signals.
XRP is currently testing a key resistance level at 1.55 dollars, an area where it has repeatedly failed to move higher. A confirmed daily close above this point could spark a relief rally and open the path toward the next major resistance near 1.90 dollars.
On shorter time frames, price action has formed a symmetrical triangle pattern, tightening into a narrow range. This setup often precedes a significant move, with estimates pointing to a potential swing of around 35 percent.
Whale Accumulation Strengthens Bullish Case
Data from Santiment shows that large holders accumulated roughly 360 million XRP over the past week. At the same time, supply is being withdrawn from exchanges, which typically signals growing confidence among investors.
Martinez noted that the bullish structure remains intact as long as XRP stays above the 1.30 dollar support level. A drop below this point could weaken the outlook and keep the asset stuck in a consolidation phase.
Institutional Demand Continues to Rise
Institutional interest is also contributing to the positive sentiment. Data tracked by SoSoValue shows that spot XRP exchange traded funds have recorded seven consecutive days of net inflows, marking the longest streak since late February.
On April 20 alone, spot XRP ETFs in the United States saw net inflows of 3 million dollars. Total net assets tied to these products have now reached approximately 1.08 billion dollars, highlighting sustained demand from larger investors.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
