- XRP price held support near $1.40 and could look to retest $1.50.
- Bitcoin and Ethereum continued to dictate sentiment.
- Cryptocurrencies show upside potential despite geopolitical headwinds.
XRP It is positioned for a decisive retest of the $1.50 resistance level, supported by broader bullish signals across the cryptocurrency market.
like Bitcoin It settles above $78,000 and Ethereum Near $2,300, an XRP price of around $1.40 reflects relative stability in today’s trading.
BTC and ETH holding at current levels could help revitalize capital flows, and the best altcoins are likely to follow despite the ongoing geopolitical uncertainty.
XRP price holds support
As noted, XRP settled above the key support level at $1.40 on Thursday, with a slight rise to intraday highs indicating a potential move towards $1.50.
While prices are down about 1.8% at the time of writing, trading volume is also down 11%, suggesting that the bulls are absorbing selling pressure rather than capitulating.
XRP rose to highs at $1.45, showing resilience as Bitcoin regained $78,600 and Ethereum touched $2,350.
Cryptocurrencies have broadly held key levels despite geopolitical headwinds, including tensions in the Middle East.
“A sustained recovery this month reflects capital flows. If macroeconomic pressures peak by mid-year, a Bitcoin bottom will be confirmed as well,” say analysts at The Greeks live Written on X.
On-chain data indicates a decline in selling pressure, with whale accumulation increasing in recent weeks. This stabilization indicates that buyers are regrouping and may challenge the overall resistance if the momentum continues.
XRP price forecast
The broader outlook for XRP remains tied to movements across risk assets, including recent outflows from cryptocurrency ETFs.
Macro factors – such as Federal Reserve hawkishness and declining stock markets – can amplify downside risks. If Bitcoin weakens, XRP will likely follow.
Ongoing geopolitical uncertainty, including limited progress on the US-Iran ceasefire, could further weigh on sentiment.
However, institutional and retail interest remains supportive. ripple‘s ongoing partnerships and expansion of payments adoption continue to support the fundamentals.
Despite the delay in launching the XRP exchange-traded fund, analysts believe that Ripple can still attract sustainable capital inflows.
The technical setup indicates the possibility of a breakout
Technically, a potential cup and handle pattern is forming on the daily chart.
The “cup” base has developed between $1.10 and $1.65 over the past month, with the handle holding in the $1.40-$1.50 range.
A decisive break above $1.50 could open the way towards $1.80. However, XRP struggled to regain momentum after falling below the $2.00 level.
Failure to break the resistance could see the token return to lower support levels around $1.30 or even $1.20, which was last seen in early April.
Going forward, investors will likely watch macroeconomic data and geopolitical developments closely for direction.
