XRP Holds $1.43 Trendline as Fed Shock Slows Recovery

Key Insights:

• XRP holds above the $1.43 trendline support, preserving its recovery structure despite pressure from recent Federal Reserve-driven market weakness and limited upside momentum.

• The Donchian Channel range between $1.32 and $1.60 defines price action, with resistance near $1.48 limiting gains during the current consolidation phase.

• Derivatives data show reduced activity but strong long positioning, increasing downside risk if key support fails and triggers further liquidation pressure.

XRP trades at $1.4454, showing a slight decline while staying just above a rising trendline formed after the March 19 low near $1.42. This level continues to guide short-term price direction as buyers attempt to stabilize momentum. However, broader market pressure following recent Federal Reserve signals still weighs on upside attempts.

The daily chart places XRP within a clear range, with the upper boundary near $1.6072 and the lower boundary around $1.3217. Price continues to move close to the midline near $1.4645, reflecting hesitation after the earlier rejection from $1.60. Besides that, the 20-day EMA sits just below current levels and trends upward, while longer-term averages remain overhead and cap recovery.

Trendline Keeps Structure Intact

The ascending trendline that started from February lows near $1.18 continues to act as a structural base for price action. This support now runs through the $1.43 to $1.44 region and holds firm on recent tests. Hence, maintaining daily closes above this line keeps the broader recovery pattern intact despite recent volatility.

On the 30-minute chart, XRP shows a rebound from the $1.42 base with price following a steady upward slope. However, momentum indicators still reflect caution as RSI remains below its signal level while attempting to recover. Moreover, MACD lines move closer together, signaling a possible shift if bullish momentum strengthens.

Resistance Zone Limits Upside

Immediate resistance stands between $1.46 and $1.48, where the price stalled during the previous recovery attempt. Consequently, a move above this zone would open the path toward the midline and higher resistance levels. Until then, price action remains contained within a narrow band.

Source: TradingView

Evernorth disclosed a large XRP holding tied to its SPAC merger, including both purchased and contributed tokens. The company reported an impairment after acquiring assets at higher average prices than current market levels. Additionally, its strategy to generate yield through liquidity and options activity reflects an active approach to managing exposure.

Derivatives Show Reduced Activity

Trading activity cooled after earlier volatility, with both volume and open interest declining across major platforms. However, options data shows modest increases, indicating some hedging around the $1.40 level ahead of expiry. Significantly, long positions remain dominant, which keeps the risk of further downside if support breaks.

Price direction now depends on whether XRP maintains support above $1.43 while regaining strength above $1.46. A sustained move higher would shift focus toward key moving averages and the upper range. However, a breakdown below the trendline support would bring the lower boundary back into view.