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- XRP is testing a major resistance zone between $1.48 and $1.49.
- On-chain metrics show rising accumulation and improving bullish sentiment.
- A confirmed breakout could open the path toward the $1.71 level.
XRP is once again approaching a make-or-break level after failing to sustain momentum above the $1.50 mark over the weekend. The token is currently trading near $1.44, pressing against the upper edge of a descending channel that has controlled price action since late April.
While technical resistance remains firm, several on-chain indicators suggest bullish pressure is quietly building beneath the surface. Traders are now watching whether XRP can finally push through the key $1.48–$1.49 zone or face another rejection that could send prices lower.
XRP Faces Key Technical Barrier
The current setup places XRP at a pivotal point. The asset continues to trade above its 50-day EMA, a support level that has held through recent pullbacks. However, the real challenge sits just overhead.
The $1.48 to $1.49 range combines two major resistance levels: the upper boundary of the descending channel and the 100-day EMA. Analysts view this area as the line separating continued consolidation from a potential breakout.
A successful daily close above that zone could shift market structure in favor of buyers and open the path toward the 200-day EMA near $1.71. If momentum strengthens further, traders may begin targeting the $1.90 level afterward.
On the downside, failure to hold support around $1.41 could expose XRP to renewed selling pressure toward $1.30.
On-Chain Metrics Show Growing Accumulation
Despite price hesitation, market data points to improving sentiment underneath the surface.
CryptoQuant data indicates buy-side activity is currently outweighing sell pressure in spot markets. At the same time, exchange inflows appear to be cooling, often viewed as a sign that investors are holding rather than preparing to sell.
Derivatives positioning is also turning more optimistic. CoinGlass data shows XRP’s OI-weighted funding rate has moved back into positive territory, suggesting traders are increasingly positioning for upside.
Momentum indicators remain constructive without showing overheated conditions. XRP’s Relative Strength Index sits near 61 on the 4-hour chart, while the MACD continues to hold above the zero line, signaling steady bullish momentum.
Macro Risks Still Cloud the Outlook
Even with improving on-chain conditions, broader market uncertainty continues to limit aggressive risk-taking across crypto assets.
Geopolitical tensions surrounding U.S.-Iran negotiations have kept traders cautious, with Bitcoin and Ethereum also trading in relatively tight ranges. Any escalation in global markets could quickly affect short-term sentiment across digital assets, including XRP.
Also Read: XRP Breaks Key Resistance as JPMorgan XRPL Pilot Ignites $1.80 Price Talk
Investors are also closely watching Ripple’s upcoming Q2 network update later this month, which could provide another catalyst for volatility.
For now, XRP’s near-term direction depends almost entirely on whether bulls can force a convincing breakout above the $1.49 resistance cluster. Until that happens, bullish accumulation remains promising but unconfirmed.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
