XRP Breaks Above $1.40 on Highest Volume in Weeks – Now Faces the Real Test
XRP broke above $1.40 in the early hours of the day with the highest volume seen in weeks, then quickly pulled back to test whether the level will hold.
Summary
- XRP is trading at $1.39.
- Daily high: $1.42, followed by a drop.
- The price is now below the 50 MA.
- Higher lows before the breakout: $1.34 → $1.37 → $1.38.
- Next resistance: $1.41 – $1.42.
Breakout supported by volume
XRP climbed from $1.3840 to $1.42, breaking the resistance at $1.3990, which had capped several previous attempts, but then pulled back to $1.3939, where it stands at the time of writing.
The volume during the breakout was among the highest for the past 5 days on the 1-hour chart, indicating real demand.
This distinction matters. Breakouts with low volume are the most common form of false signal in range trading. XRP has been moving in a tight range between $1.35 and $1.45, with $1.40 acting as a ceiling on multiple occasions. A move above this level, supported by real participation, does not fit the pattern of previous failed attempts. This means buyers were active enough to push the price higher.
Higher lows built the foundation
The move above the level did not come without preparation. The structure before May 4 showed a series of higher lows: $1.34 on April 27, then $1.37, and later holding around $1.38 before the breakout attempt. Each successive low was higher than the previous one, gradually pushing price toward the $1.40 resistance.
There is a clear strengthening of demand. Sellers failed to push the price back to $1.34, and every dip was met with buyers at higher levels. The surge above $1.40 came at the moment when buying pressure overcame supply.
Bitcoin’s move above $80,000 likely provided additional momentum and accelerated the move, but it’s fair to say that the higher lows built the structure – Bitcoin only improved overall market sentiment.
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Where RSI shows risk
Volume and structure are positive signals. RSI, however, shows a more complex picture.
At the moment, RSI is at 44 – below the neutral 50 line and declining. The longer-term RSI stands at 58 and remains pointed toward bullish territory. This means that the breakout momentum has already weakened in the short term, while the longer-term outlook still holds.
The move from the daily high back below the moving average reflects the divergence in RSI.
Short-term momentum faded exactly at $1.42 – a zone with concentrated selling pressure.
The price did not consolidate after the spike. It is now below the 50-MA. The long-term RSI at 58 remains the only argument in favor of the bulls. The short-term RSI at 44.27 shows a fragile situation at the moment.
The daily close at $1.40 will decide everything
The counterargument remains the range. XRP has already tested $1.40 multiple times and has been rejected each time.
What matters is that today’s move occurred with volume comparable to that at the breakout itself. This shows that buyers failed to maintain control and encountered direct resistance around $1.42. Such a reaction is rarely random and usually indicates that the level remains a significant barrier.
At the same time, the structure below price limits the bearish scenario. Previous failed breakout attempts were not supported by similar volume, and the current move is built on a series of higher lows. A sharp correction alone is not enough to invalidate this structure.
Confirmation will come with a daily close above $1.40. This would return the price above the 50-MA and indicate that the pullback was a short-term position cleanup rather than the start of a reversal. In such a scenario, the $1.41–$1.42 zone becomes the next target again.
The bearish scenario is activated with a close below the 200-MA at $1.3921. This opens the path toward the 100-MA at $1.387 – the last support before the current breakout loses its significance entirely.
The information presented in this article is intended for informational purposes only and should not be interpreted as financial, investment, or trading advice. Coinspress.com does not promote or advocate for any particular investment strategy, asset, or cryptocurrency project. Cryptocurrency markets are highly volatile and unpredictable – always perform your own research and seek guidance from a qualified financial professional before making any investment decisions.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
