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XRP (Ripple), buoyed by a dual tailwind of unprecedented institutional capital inflows and ecosystem expansion, is steadily defending key support levels amidst price corrections and seeking new upward breakthroughs.
According to investment media FXLeaders on April 23 (local time), XRP touched $1.50 earlier this month for the first time in a while and is currently hovering between $1.40 and $1.50. Despite a volatile market environment and regulatory delays, it showed remarkable resilience by recording an 8% to 10% increase throughout April, although its short-term upward momentum has recently somewhat slowed.
The market's biggest concern is undoubtedly the passage of the U.S. cryptocurrency market structure bill, the Clarity Act. Ripple CEO Brad Garlinghouse projected the bill's passage, initially expected in April, to be delayed until the end of May. Although the Senate Banking Committee plans to review the bill at the end of April, unresolved issues such as stablecoins are holding it back, and the probability of passage, according to Polymarket, has dropped from 55% to 60%. If this bill passes, XRP could completely resolve long-term regulatory uncertainties and instill confidence in institutional investors.
Despite regulatory delays, institutional buying enthusiasm remains strong. For the week ending April 18, XRP spot Exchange Traded Funds (ETFs) saw a net inflow of $55.4 million, the largest since 2026. This brings the cumulative inflow to over $1.5 billion, with fund holdings reaching 769 million units, and major financial institutions like Goldman Sachs are also increasing their position exposure. Furthermore, tangible ecosystem momentum continues to strengthen, including integration with Japan's Rakuten, which has millions of users, the launch of the XRP Ledger-based RLUSD stablecoin, and plans to introduce a quantum-resistant ledger in 2028.
Technical analysis also suggests a recovery of buyer control. Trading around $1.442 on the 4-hour chart, XRP is stably bottoming out above the Fibonacci 0.618 level of $1.411, even after being rejected at the $1.47 resistance. Along with the trend of higher lows along an upward trendline, candle charts consistently close above the Fibonacci 0.5 level of $1.430, indicating a shift in market sentiment from selling to accumulation.
Currently, the 50-period moving average near $1.42 acts as a strong pivot, and the 200-period moving average at $1.38 is located well below the price, firmly supporting an overall bullish sentiment. Key short-term resistance levels are successively at $1.449, $1.472, and $1.509, while $1.411 and $1.384 are expected to act as defense lines in case of a decline. The media recommended a strategic approach: buy if it breaks above $1.450 with a target of $1.472, and set a stop-loss below $1.410.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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