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▲ XRP, Dollar (USD)
As XRP recaptures the significant psychological resistance level of $1.40, forming a chart pattern similar to previous explosive surges, optimism is spreading that a new rally towards $5 is about to begin.
According to a report by the virtual asset specialized media The Crypto Basic on April 18 (local time), analyst Crypto Catalyst analyzed that XRP has entered the early stages of a new rally, showing a fractal structure similar to past large-scale breakout phases. Catalyst emphasized via his X (formerly Twitter) that another major rally is about to begin. XRP has recovered the $1.40 level for the first time in several weeks and is currently trading at $1.44, up 2.5% from 24 hours ago. The rise over the week amounts to 7.61%, demonstrating strong upward momentum.
The core basis for this bullish outlook is a chart structure that replicates past surge instances. Catalyst cited XRP's historical pattern of consolidating for a long period before an explosive breakout, diagnosing the current movement as its prelude. Weekly chart analysis shows that XRP has found stability by establishing strong lower support around $1.30. It is assessed that buying pressure, defending against price declines, has solidly formed, accumulating sufficient energy for further upside.
Should the bullish rally materialize, the primary target prices are expected to be in the $2 and $3 range. Catalyst predicted that if the price momentum accelerates, the next key target would be $5. Reaching $5 from the current price would require a vertical surge of approximately 247%. However, a long-term resistance zone exists between $3.00 and $3.60 on the weekly chart, and the struggle in this zone is expected to be a watershed moment determining whether $5 will be breached in the future.
Interest from institutional finance and the influx of liquidity are also contributing to XRP's revaluation. Since April, net inflows from investors into XRP spot ETFs have surpassed $65 million, setting a new record for 2026, indicating a rapid influx of institutional funds. With the emphasis on Ripple network's practical payment utility, investors are focusing on long-term value appreciation rather than simple profit-taking. The stabilization above $1.40 provides strong psychological stability to buyers and serves as a stepping stone for an upward breakout.
Market participants are focusing on how quickly XRP will break through the $2 and $3 resistance levels in its next move. As technical indicators unanimously signal bullishness, accumulation activities by whale investors are also becoming more active. Based on its unique upward momentum, XRP is leading the altcoin market, offering investors new opportunities for wealth growth. If the current chart structure reproduces past myths, the landscape of the virtual asset market is expected to fluctuate significantly once again.
*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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