Bitcoins
- XRP price held support near $1.40 and could eye a retest of $1.50.
- Bitcoin and Ethereum continued to dictate sentiment.
- Cryptocurrencies are showing upside potential despite geopolitical headwinds.
XRP is positioning for a crucial retest of the $1.50 resistance level, buoyed by broader upside signals across the cryptocurrency market.
As Bitcoin stabilizes above $78,000 and Ethereum holds near $2,300, XRP’s price around $1.40 reflects relative stability in today’s trading.
BTC and ETH holding current levels could help reinvigorate capital flows, with top altcoins likely to follow despite ongoing geopolitical uncertainties.
XRP price holds support
As noted, XRP held above key support at $1.40 on Thursday, with a slight uptick to intraday highs signaling a potential move back toward $1.50.
While prices were down about 1.8% at the time of writing, trading volume had also declined by 11%, suggesting bulls are absorbing selling pressure rather than capitulating.
XRP climbed to highs of $1.45, showing resilience as Bitcoin reclaimed $78,600 and Ethereum touched $2,350.
Cryptocurrencies have broadly held key levels despite geopolitical headwinds, including tensions in the Middle East.
“This month’s sustained rebound reflects capital inflows. If macroeconomic pressures bottom out by mid-year, Bitcoin’s bottom will also be confirmed,” analysts at Greekslive wrote on X.
On-chain data points to reduced selling pressure, with whale accumulation increasing in recent weeks. This stability suggests buyers are regrouping and could challenge overhead resistance if momentum continues.
XRP price outlook
XRP’s broader outlook remains tied to movements across risk assets, including recent outflows from crypto ETFs.
Macro factors—such as Federal Reserve hawkishness and equity market pullbacks—could amplify downside risks. If Bitcoin weakens, XRP is likely to follow.
Lingering geopolitical uncertainty, including limited progress from the US-Iran ceasefire, could further weigh on sentiment.
That said, institutional and retail interest remains supportive. Ripple’s ongoing partnerships and expansion in payments adoption continue to underpin fundamentals.
Despite delays in a spot XRP ETF launch, analysts believe Ripple could still attract sustained capital inflows.
Technical setup signals breakout potential
From a technical perspective, a potential cup-and-handle pattern is forming on the daily chart.
The “cup” base developed between $1.10 and $1.65 over the past month, with the handle consolidating in the $1.40–$1.50 range.
A decisive breakout above $1.50 could open the path toward $1.80. However, XRP has struggled to regain momentum after falling below the $2.00 level.
Failure to break resistance may see the token revisit lower support levels around $1.30 or even $1.20, last seen in early April.
Going forward, investors are likely to watch macroeconomic data and geopolitical developments closely for direction.
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