XRP is trading above an important technical level of support despite momentum becoming stable in the short term, which indicates that the market could be in the process of making a correction to its existing upward trend.
At the time of writing, XRP is trading at $1.39, with a 24-hour trading volume of $4.82 billion and a market capitalization close to $85.90 billion. The XRP has gained around 2.03% over the last 24 hours, reflecting steady accumulation rather than a sharp speculative surge, according to CoinMarketCap data.
Source: CoinMarketCap
Also Read | XRP price compresses in wedge, eyes potential breakout toward $4.00
The Wave Structure shows that an up movement is being formed, as highlighted by crypto analyst More Crypto Online, on April 16, 2026, implying that the XRP price action might be in the process of completing the C-wave as part of the D-wave pattern in a large sideways triangle formation. Waves A, B, and C have been finished, while wave D is still forming using a three-wave pattern upwards.
Source: More Crypto Online’s X Post
The crucial zone of support, ranging from $1.33 to $1.36, remains supportive in keeping the entire formation intact. The XRP has held above this level successfully, supporting the overall positive outlook. Another factor that adds to the bullish momentum is the recent breakout from its April 7 high of $1.39 level.
Momentum indicators demonstrate gradual improvement on several time frames. The RSI indicator remains around 55.7 levels, which denotes moderate buying activity but does not suggest any overbought situation.
However, XRP is trading below both the 100-day SMA at $1.543 and the 200-day SMA at $1.907, indicating that the overall trend is yet to be reversed, even though the short-term averages like the 20-day SMA at $1.345 and 50-day SMA at $1.379 have become immediate support.
Source: TradingView
The MACD is now showing some early signs of bullish momentum, as the MACD line moves higher than the signal line, and the histogram becomes positive after a sluggish period. This shows better buying momentum and indicates that an upward trend can continue if momentum persists going forward.
Overall, the XRP technical structure suggests that the cryptocurrency is still in a technical recovery mode as it continues to hover above crucial support levels.
An extension of the price toward the $1.44-$1.52 range may be possible in case the current setup is maintained. Nonetheless, a breakdown below the support levels will undermine the wave pattern and likely result in consolidation.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read | South Korea Tests Tokenized Deposits in Government Payments
