XRP’s technical outlook just brightened: the SuperTrend indicator has given its first daily buy signal in more than three months, signaling a possible end to the recent selling pressure and a short-term bullish turn for the token.
What flipped
- On April 18 analyst Ali Martinez highlighted the SuperTrend’s flip to bullish on XRP’s daily chart — the first such signal since January 17. The SuperTrend is a trend-following tool traders use to identify whether an asset is in an uptrend or downtrend and to spot potential entry/exit points.
- Martinez says the shift points to a “major comeback” in XRP’s trend, but he stresses the move needs validation: a clean break above the key resistance at $1.55. If that level gives way, he expects a relief rally toward about $1.90 — roughly a 30–33% upside from current levels — assuming the SuperTrend continues to act as trailing support.
Price context
- XRP’s last sustained rally peaked near $2.42 in early January. Since then the token slid to lows around $1.10 and later settled into a consolidation range between approximately $1.30 and $1.55.
- At the time of writing XRP trades around $1.43, down 2.43% on the day. Daily volume has cooled sharply, falling about 40.6% to $2.69 billion.
Macro headwinds
- Broader market weakness is linked to renewed geopolitical tension in the Middle East tied to the US–Iran conflict. Iran briefly reopened the Strait of Hormuz to commercial shipping during a ceasefire window, then reversed that decision and declared the strait closed again amid accusations of a US blockade. U.S. President Donald Trump has said the blockade will remain until an agreement is reached.
- Those developments have pushed up oil and energy prices and pressured global risk assets. The total crypto market cap is down roughly 2% to about $2.56 trillion following Iran’s announcement.
What traders will watch
- A decisive daily close above $1.55 on strong volume to confirm the SuperTrend’s signal.
- Whether the SuperTrend holds as a trailing support floor in the event of further upside.
- Macro catalysts such as developments around the Strait of Hormuz and broader risk-on/risk-off flows tied to oil and geopolitical headlines.
Bottom line: The SuperTrend’s first buy signal in three months gives XRP bulls a technical foothold, but confirmation will likely depend on a breakout above the $1.55 resistance and improving market breadth amid ongoing geopolitical uncertainty.
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