XRP has seen a pickup in price activity this week, trading near $1.44 and pressing into short-term resistance. The move comes as several technical and on-chain signals point in the same direction: up.
Crypto analyst Ali Martinez posted a detailed breakdown on X this week. He said XRP “appears to be undergoing a structural trend shift from bearish to bullish.” His analysis looked at chart patterns, on-chain data, and momentum indicators.
The SuperTrend indicator recently flashed a buy signal on the daily chart. This is the first such signal since January. The flip suggests that selling pressure is easing.
4/5 As the macro trend flips and supply is pulled off exchanges, a symmetrical triangle has formed on the lower time frames.
This pattern has compressed the price into a tight range, anticipating a 35% move once a breakout occurs.https://t.co/wvvvZfPuth
— Ali Charts (@alicharts) April 21, 2026
Martinez also pointed to a symmetrical triangle forming on the 12-hour chart. This pattern shows lower highs and higher lows, squeezing price into a narrow range. When the price breaks out, the move tends to be sharp. Martinez is targeting a 35% gain from the breakout point, with a price target of $1.90. He says a daily close above $1.55 would confirm the move. The $1.30 level is where he draws the line on the bullish case.
On-chain data backs up the technical picture. Using Santiment data, Martinez noted that whale wallets added roughly 360 million XRP in just one week. Total whale holdings moved from about 8.3 billion to 8.8 billion XRP. Large holders typically accumulate during consolidation phases.
SoFi Bank announced it will offer XRP deposits to its customer base. The bank holds a US federal charter, manages over $34 billion in assets, and serves 13.7 million users. XRP joins Bitcoin, Ethereum, and Solana on the platform.
We’re excited to now support $XRP deposits—along with the most popular coins, like BTC, ETH, and SOL.
Manage your portfolio in one app with the first national chartered bank where individuals can buy, sell, and hold crypto
https://t.co/vzJQiBLLAD pic.twitter.com/32PA5lpNW7
— SoFi (@SoFi) April 21, 2026
Ripple responded to the news by saying the launch would bring more people into the XRP ecosystem. The move follows XRP trading going live on WhatsApp through wXRP on Solana, and a validator vote on a lending protocol that would expand DeFi on the Ripple network.
On the daily chart, XRP trades above its 50-day EMA at $1.41. The 100-day EMA at $1.54 is the next resistance level. A break above that would open the door to $1.68, where a long-term descending trendline sits. The 200-day EMA is at $1.78.
The RSI is around 58, and the MACD is holding above zero. The Crypto Fear & Greed Index sits at 32, up from 23 last week.
On Binance, XRP’s long/short ratio stands at 2.27, with more traders holding long positions than short ones.
The OI-Weighted Funding Rate on perpetual futures held at 0.0066% on Wednesday, staying positive since April 3.
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