XRP has surged back above the $1.40 mark during early Asia trading on May 4, 2026, bolstered by a broader rally in the cryptocurrency markets alongside Bitcoin. This leap was characterized by a notable uptick in trading volume, signaling robust market activity rather than a mere low-liquidity push.
The digital asset reached a peak price of $1.4148 before experiencing a slight pullback, consolidating within the range of $1.4040 to $1.4060. Currently, XRP is trading securely above $1.40 and has surpassed the 100-hour Simple Moving Average, a positive technical indicator.
The formation of a bullish trend line on the hourly chart suggests a support level around $1.3920, with price structure showing a pattern of higher lows leading into the recent breakout. This indicates steady buying interest lying beneath the surface.
Having previously oscillated within a tight range between $1.35 and $1.45, this latest movement signifies another attempt to break free from that compression, with the transaction volume validating the upward movement past the $1.40 threshold.
Resistance Levels on the Horizon
As traders keep a keen eye on XRP’s trajectory, the first significant resistance level to watch is at $1.420. A clear breach of this barrier could pave the way towards targets at $1.435 and subsequently $1.450. Beyond that, levels of $1.480 and $1.50 could come into play if bullish momentum continues.
Conversely, on the downside, the immediate support is positioned at $1.3880, while a dip beneath that could find support close to $1.380, coinciding with the 50% Fibonacci retracement level from the recent move between $1.3460 and $1.4148. A significant close below $1.380 may lead prices toward levels of $1.350 and potentially $1.322.
Crypto analyst CW has recently highlighted a wave of significant net long-position buying, describing it as the largest volume recorded in two weeks. This development suggests that while the price has remained somewhat stagnant, considerable preparations are in place for a potentially significant upward shift.
A large-scale net buying of long positions has occurred in $XRP. This is the largest volume in the last two weeks.
Although the price of $XRP is moving sideways, someone is preparing for a very strong rise. pic.twitter.com/SxdbYXfsbA
— CW (@CW8900) May 2, 2026
Escrow Update from Ripple
In related news, Ripple has recently re-locked 700 million XRP back into escrow following the unlocking of 1 billion XRP. This move is part of Ripple’s standard monthly supply management process, illustrating their continuous efforts in maintaining structured supply dynamics.
According to analysis by Whale Alert, this decision underscores Ripple’s commitment to managing XRP’s circulating supply effectively.
Meanwhile, the hourly Moving Average Convergence Divergence (MACD) has shifted into bullish territory, and the Relative Strength Index (RSI) remains above the 50 threshold. This technical positioning adds further credence to a potential continuation of upward momentum, provided that XRP can maintain its stance above the critical $1.40 pivot level.
Should XRP continue to hold strong above this level, the current breakout structure will remain intact. Conversely, a dip below this level could mark a failed breakout attempt, potentially leading prices back into their prior trading range.
As the market watches closely, all eyes are on XRP—are we on the brink of a significant price movement? Stay tuned as developments unfold.
