The XRP market has recorded a major positive development, as the SuperTrend flashed its first buy signal on the daily chart in over three months. This event indicates the altcoin’s short-term prospects are looking positive amid the broader market volatility driven by an unstable geopolitical scene.
XRP Bulls Set Course For Encounter With $1.55 Barrier
In an X post on April 18, renowned analyst Ali Martinez shares a bullish outlook for the XRP market, highlighting the resistance level and a price target. This analysis follows the SuperTrend indicator, which has turned bullish on the XRP daily chart for the first time since Jan 17.
The SuperTrend indicator is a trend-following technical analysis tool that helps traders identify the current market direction (an uptrend or a downtrend) and potential entry/exit points.
$XRP: SuperTrend flips bullish!
For the first time since Jan. 17, the SuperTrend indicator has flipped bullish on the daily chart. After months of "sell" pressure, we are officially seeing a buy signal that anticipates a major comeback in XRP's trend.
While the trend has… pic.twitter.com/yiusXU3vIi
— Ali Charts (@alicharts) April 18, 2026
XRP’s last significant and sustained price rally came in early January when the altcoin reached a local peak of $2.42. Since then, prices have traded as low as $1.10 and are presently consolidating between $1.30 – $1.55, in line with broader market movements. However, the recent signal from the SuperTrend indicator suggests this period of sustained selling pressure could have ended.
According to Martinez, the trend shift can only be validated if XRP breaks the key price resistance level at $1.55, which has held consistently and effectively in recent weeks. The analyst describes this future encounter as a “true test” of XRP’s bullish intentions, noting that a clear, decisive break above this level should trigger a subsequent relief rally. In this case, the cryptocurrency is tipped to trade as high as $1.90, provided the SuperTrend indicator provides a trailing support floor. Based on present market prices, Martinez’s analysis suggests the XRP market could notch a possible 32% gain in the coming weeks.
XRP Price Overview
At the time of writing, XRP trades at $1.43, after prices dipped by 2.43% in the last day. Meanwhile, daily trading volume is down 40.55% to $2.69 billion. XRP’s latest price decline follows instability in the geopolitical landscape tied to the ongoing US-Iran War. The Middle East nation had initially granted commercial ships access to the Strait of Hormuz for the remainder of its ongoing ceasefire with the Western power.
However, on Saturday, Iran soon nullified that position, declaring the Strait of Hormuz closed again, citing the US’s continuous blockade of its shipping ports. On the other hand, US President Donald Trump has stated that the US naval blockade must remain in full force until both nations reach an agreement.
Global financial markets continue to weather a storm amid these choking geopolitical tensions, especially considering the broader impact of the recent rise in oil and energy prices. Following Iran’s latest announcement, the total crypto market cap is now down 2.00% to $2.56 trillion.
]]>Cardano (ADA) Bounces From Key Support, but Resistance Awaits at $0.30 CCN.com
Source link ]]>
Shiba Inu Community Revisits Ryoshi’s Vision as SHIB Awaits Market Catalyst CryptoRank
Source link ]]>
Shiba Inu Community Revisits Ryoshi’s Vision as SHIB Awaits Market Catalyst Coinpaper
Source link ]]>
Institutional Foundations Strengthen as Cardano Awaits Regulatory Milestones AD HOC NEWS
Source link ]]>
Bitcoin price started a decent increase above $66,000. BTC is now consolidating above $66,000 and might aim for more gains above $67,200.
- Bitcoin started a fresh increase after it settled above the $65,500 support.
- The price is trading below $67,000 and the 100 hourly simple moving average.
- There is a bearish trend line forming with resistance at $67,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair might dip again if it trades below the $65,500 and $65,000 levels.
Bitcoin Price Faces Key Resistance
Bitcoin price managed to form a base above the $63,500 zone. BTC started a fresh increase and was able to surpass the $64,500 resistance zone.
The price even rallied above the $67,000 resistance. Finally, the bears appeared near $68,000. A high was formed at $68,180, and the price recently corrected some gains. There was a move below the 50% Fib retracement level of the upward move from the $63,030 swing low to the $68,181 high.
Bitcoin is now trading below $67,000 and the 100 hourly simple moving average. If the price remains stable above $65,000, it could attempt a fresh increase. Immediate resistance is near the $67,000 level. There is also a bearish trend line forming with resistance at $67,000 on the hourly chart of the BTC/USD pair.
The first key resistance is near the $68,200 level. A close above the $68,200 resistance might send the price further higher. In the stated case, the price could rise and test the $69,500 resistance. Any more gains might send the price toward the $70,000 level. The next barrier for the bulls could be $70,500 and $71,200.
Downside Continuation In BTC?
If Bitcoin fails to rise above the $67,000 resistance zone, it could start another decline. Immediate support is near the $65,500 level. The first major support is near the $65,000 level or the 61.8% Fib retracement level of the upward move from the $63,030 swing low to the $68,181 high.
The next support is now near the $64,250 zone. Any more losses might send the price toward the $64,000 support in the near term. The main support now sits at $63,000, below which BTC might struggle to recover in the near term.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $65,500, followed by $65,000.
Major Resistance Levels – $67,000 and $68,200.
Cardano’s Ecosystem Awaits a Pivotal Liquidity Injection AD HOC NEWS
Source link ]]>
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.
From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.
Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.
Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.
At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.
In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.
Bitcoin, Ethereum, XRP, Dogecoin Fall Ahead Of Fed Decision: Analyst Says Crypto ‘Preparing For Worst’ But ‘Generational Opportunity’ Awaits Benzinga
Source link ]]>
The world’s largest asset manager, BlackRock, has again deposited Bitcoin and Ethereum into Coinbase, sparking concerns of a potential sell-off. This transfer comes ahead of the U.S. initial jobless claims report, which drops today, which could also spark volatility in the crypto market. BlackRock Deposits BTC and ETH Into Coinbase Arkham data shows the asset
The post BlackRock Transfers $280M in BTC and ETH as Crypto Market Awaits U.S. Initial Jobless Claims appeared first on CoinGape.
]]>