Summary
XRP trades near $1.3184 after a third rejection at descending trendline resistance around $1.35 since late March.
Momentum indicators remain weak, with MACD in negative territory and RSI showing no strong bullish signal.
A break below $1.30–$1.28 could expose $1.15, while a move above $1.35 is needed to shift sentiment.
XRP is showing signs of continued weakness after failing once again to break above the descending trendline resistance near $1.35. The latest rejection, which occurred between April 6 and 7, came on rising volume—typically a bearish signal suggesting continuation rather than consolidation.
Currently trading around $1.3184, XRP has now been rejected at least three times from the same descending trendline since late March. On the 1-hour chart, the rejection is clearly visible where price touched the trendline and reversed sharply, reinforcing seller dominance at higher levels.
Adding to the pressure, the 1-hour Supertrend indicator sits at $1.3247, acting as immediate resistance just above the current price and strengthening the bearish outlook.
Momentum Signals Remain Weak
Technical indicators suggest a lack of bullish strength:
The MACD line remains in negative territory at -0.0046, with the signal line at -0.0059
The histogram shows only a marginal positive reading, insufficient to confirm a bullish crossover
Daily RSI stands near 38, indicating weak momentum without reaching oversold conditions
Additionally, rising open interest alongside falling price points to increased short positioning, which could amplify downside moves if key support levels break.
Key Levels to Watch
The $1.30–$1.31 zone now acts as immediate structural support.
Below $1.30:
Next key level: $1.28 (23.6% Fibonacci retracement)
Further downside target: $1.15
Above $1.35:
A confirmed breakout is required to shift the near-term trend
Additional resistance: 50-day EMA near $1.38
Upside targets: $1.40–$1.45
As long as XRP remains between $1.28 and $1.35, the market is likely to stay range-bound, with a decisive move expected once either level breaks.
Broader Market Context
Recent data shows weakening demand, with spot XRP ETF flows recording net outflows of $3.56 million for the week ending April 6. Combined with increasing short interest and thinner order book depth, this leaves XRP vulnerable to sharper moves once support or resistance levels are breached.
A potential catalyst could come from regulatory developments like the proposed CLARITY Act, which may influence market sentiment depending on its outcome.
Outlook
The current setup leans bearish in the short term. If $1.30 fails on a daily closing basis, XRP could see an accelerated move toward $1.28 and potentially $1.15. On the other hand, reclaiming $1.35 remains essential for any meaningful bullish reversal.
