XRP Price Analysis: Critical $1.40 Support Under Pressure as Technical Indicators Flash Warning Signs

Quick Summary

• XRP currently trades around the critical $1.40 mark, facing mounting bearish pressure on shorter timeframes
• Technical charts reveal a descending triangle configuration, accompanied by MACD bearish crossover
• The Relative Strength Index has declined to 40, indicating diminishing bullish momentum
• Institutional appetite remains evident with $15.74M to $25M flowing into XRP ETF products this past week
• Market analyst Ali Charts suggests XRP is “ready for a big price move,” with potential cycle floor around $1.30

Ripple’s XRP token is consolidating around the $1.40 mark following its inability to sustain earlier weekly advances. Bears have seized control as technical momentum indicators flash warning signals.

XRP Price

Chart analysis on the 4-hour timeframe reveals a developing descending triangle configuration. This technical structure features progressively lower peaks converging toward a horizontal support zone. Such formations typically suggest additional downside risk when the floor gives way.

The Moving Average Convergence Divergence indicator has completed a bearish crossover beneath its signal line. Expanding red bars on the histogram confirm accelerating downward pressure. Meanwhile, the RSI reading near 40 reflects fading buying interest.

Traders have repeatedly challenged the $1.40 threshold across recent trading sessions. Multiple support retests typically erode price floors, elevating breakdown probability.

Should XRP breach $1.40 to the downside, subsequent support zones emerge at $1.38, followed by $1.36, with $1.34 representing a deeper floor if selling intensifies.

Critical Overhead Barriers

For bulls to regain initiative, recapturing $1.43 represents the initial hurdle. A more formidable resistance zone exists at $1.45, aligning with the triangle’s upper boundary. Successfully clearing $1.45 would establish a pathway toward $1.50.

Over the trailing 30-day period, Bitcoin and Ethereum have posted 17% and 16% respective gains. XRP’s modest 5% return during this window suggests capital rotation toward blue-chip digital assets continues.

Crypto analyst Ali Charts shared on X that “$XRP is ready for a big price move,” without specifying directional bias or price objectives.

Technical observers highlight that XRP’s weekly RSI reached 30 in early March. Historical precedent shows the three prior occasions when RSI dipped under 33 preceded rallies ranging from 226% to 1,460% over subsequent months.

Drawing from this historical framework, FX Empire analysts suggest the cyclical bottom may already be established at $1.30. Their projections identify $1.50 as an initial upside objective, with $1.65 representing an extended target.

Institutional Interest Persists Through ETF Vehicles

XRP-focused exchange-traded products attracted between $15.74 million and $25 million in capital during the previous week, with variance attributed to different tracking sources. Cumulative 2024 inflows for XRP ETFs have reached $148 million.

Source: CoinShares

Bitcoin ETF products dominated crypto fund flows with $824 million in weekly additions, extending their positive streak to four consecutive weeks. Ethereum-based products captured $155 million, while Solana vehicles secured $9.44 million.

Broadly, cryptocurrency ETP platforms recorded $1.2 billion in aggregate inflows last week, per CoinShares data. The Crypto Fear and Greed Index currently registers 44, retreating from its recent 62 peak.

Market participants are monitoring the April 28 FOMC meeting closely. Consensus expectations call for unchanged interest rates, with analysts projecting zero rate reductions throughout the remainder of the calendar year.

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