Analyst Sees Bullish Structure Intact

XRP slipped below $1.46 over the weekend, a level that analysts had flagged as the most critical line for the token heading into the final stretch of April. The move was not entirely unexpected on the charts, but the catalyst that pushed it through was geopolitical rather than technical.

The important support to watch now is $1.41. As long as XRP holds that level, the analyst believes a broader bullish structure remains intact. Below that, $1.37 represents the 30-day rolling VWAP, a level that could come into play if genuinely bad news hits. A move all the way back to $1.31 is considered unlikely under current conditions.

To the upside, reclaiming $1.46 is the prerequisite for any meaningful rally. A clean break above that level would open the path toward $1.55 to $1.57. 

The Short-Term Expectation

The honest near-term outlook is one of range-bound consolidation. The analyst described the most likely scenario as XRP drifting lower within the $1.35 to $1.46 range, finding support somewhere in that band, stabilising and then potentially mounting another attempt at the upper boundary.

A breakout above $1.46 remains possible but would require a continuation of the bullish fundamentals seen last week, including strong XRP ETF inflows and improving sentiment. Negative Bitcoin funding rates and the current uncertainty environment make that combination less likely in the immediate term.

What Is Working in XRP’s Favour

Despite the short-term weakness, several factors are pointing in the right direction. XRP ETF flows came in strongly last week. The XRP to Bitcoin ratio appears to have bottomed, which the analyst described as a meaningful signal for the token’s relative strength going into May.

The fundamentals, he said, are uncertain rather than negative. That distinction matters. Uncertain conditions can resolve either way. The bias for later in April and into May remains cautiously bullish if the macro environment cooperates.