Coinpaper 2026-04-08 19:51:10

XRP’s Bullish Monthly Supertrend Still Intact as $1.80–$2 Relief Rally Comes into Play

XRP Eyes Relief Rally as Technicals and Market Signals Align XRP shows early signs of a potential relief rally as its bullish Monthly Supertrend (MSS) holds, says renowned analyst ChartNerd. A short-term move toward $1.80–$2 is possible, but caution is key because the MSS only confirms a positive trend above $2, meaning gains below this level could hit resistance at prior support, setting up a tense battle between bulls and bears. XRP is trading at $1.36 , up 3.8% in 24 hours, according to CoinCodex data. Well, XRP’s price spike mirrored Japan’s Nikkei 225 following news about the Strait of Hormuz ceasefire, illustrating how macro events still sway crypto flows, particularly for XRP, which sees significant institutional activity in Asia. Nevertheless, technical signals depict rising market tension for XRP. Its liquidation heatmap shows dense clusters at $1.27–$1.28 below and $1.35 above, the so-called “liquidation walls.” Notably, these zones act as key barriers: breaking them could unleash sharp, high-volume moves as stop-losses and leveraged positions are triggered. As a result, these levels should be watched closely, as they often drive short-term volatility and momentum. XRP Eyes Relief Rally Amid Technical Hurdles and Key Liquidation Levels While XRP shows signs of a potential rally toward $1.80–$2, ChartNerd noted that the altcoin remains vulnerable. This is because gains could be capped as prior support levels turn into resistance, with the Monthly Supertrend and dense liquidation walls presenting key hurdles. What’s the key takeaway? Well, XRP is navigating a complex technical landscape, where short-term gains are possible but constrained by the Monthly Supertrend and critical liquidation zones. Recent macro catalysts, like the Strait of Hormuz ceasefire, have injected optimism, suggesting potential bursts of volatility and relief rallies. In conclusion, the $1.28 to $1.35 zone should be given a keen eye since these liquidation walls could shape the next directional move. Despite signs of a near-term rally, the broader trend remains cautious because XRP can only confirm a fully bullish outlook above $2 if the MSS flips positive.

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