Traders Question Strength of XRP Price Rally
April 6, 2026
280.
– Market impact: a definitive breakout above $1.350 could signal more positive movement for the XRP token and the overall cryptocurrency market momentum. Conversely, a failure to surpass $1.350 may lead to a new decline towards the $1.312–$1.280 range.
XRP’s price has seen an upward trend, surpassing key levels such as $1.3200 and $1.3220. Currently, the price is consolidating around $1.3300, above the 100-hourly Simple Moving Average. A significant development was the breach of a bearish trendline at $1.3085 on the XRP/USD hourly chart from Kraken data. In the event of the price settling above $1.350, continued upward movement could be expected.
The resurgence in XRP’s price was supported by the cryptocurrency remaining above $1.280 and embarking on a recovery wave similar to Bitcoin and Ethereum. Breaking above $1.3120 and $1.320 marked an entry into a short-term positive zone. Additionally, there was a successful move above the 50% Fibonacci retracement level from the $1.3678 swing high to the $1.2801 swing low. The breakthrough of the bearish trendline with resistance at $1.3085 was a significant milestone for XRP’s price action.
Despite the bullish movements, the price faced resistance around $1.3480, preventing a further surge. As the price hovers above $1.330 and the 100-hourly Simple Moving Average, the next hurdle lies at the $1.350 level. A successful close above this point could propel the price towards $1.40, with subsequent resistance levels at $1.4120 and $1.4250. Beyond these points, reaching the $1.4450 resistance could be in the cards for XRP.
Failure to breach the $1.350 resistance zone might trigger a downtrend for XRP. Initial support is found at the $1.3240 level, followed by the $1.320 price point. If a downward breakout occurs and the price closes below $1.320, the trajectory might continue towards $1.3120. Should the price decline further, the next major support level is at $1.280, potentially leading to a further drop to $1.2650.
Current technical indicators show positive signals, with the hourly MACD gaining momentum in the bullish zone and the hourly RSI above 50. Key support levels to watch include $1.3240 and $1.3120, while notable resistance levels are at $1.3500 and $1.4000. The overall market sentiment remains cautiously optimistic as traders assess the strength of the recent XRP rally in the context of broader cryptocurrency market dynamics.
