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Reading: XRP jumps above $1.42 as weekly gains near 9 percent
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COINTURK NEWS > Cryptocurrency News > XRP jumps above $1.42 as weekly gains near 9 percent
Cryptocurrency News

XRP jumps above $1.42 as weekly gains near 9 percent

In Brief

  • 🚀 XRP shoots above $1.42, posting nearly 9 percent weekly gains.

  • Trading volume in $XRP rose sharply as investors piled in.

  • Key point: Maintaining above $1.40 could drive further momentum.

Fatih Uçar
Fatih Uçar 1 hour ago
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XRP’s price has accelerated once again, breaking above the $1.42 level and attracting fresh attention from both investors and technical analysts. Sustaining momentum above this threshold is being viewed as a key development from a technical perspective. The move mirrors a significant bullish pattern last seen in early 2025, prompting renewed discussion of a possible short-term rally.

Contents
Classic 2025 bullish pattern resurfaces$1.40 and $1.42 mark key support and resistanceKey scenarios and expectations for the near term

Classic 2025 bullish pattern resurfaces

Current price action in the XRP market has led technical analysts to note the return of a chart formation historically known for preceding major price surges. They pointed to the reappearance of the “bull flag” formation, which famously enabled XRP to rally by 66 percent in under two weeks in 2025.

In this formation, the price typically pauses or dips sideways after a rapid climb, then resumes its upward movement. Technical indicators are also flashing positive signals, with both the 20-day and 50-day moving averages crossing to the upside, reinforcing the optimistic outlook.

$1.40 and $1.42 mark key support and resistance

For now, investors are closely watching two critical levels: the $1.40 and $1.42 range. The $1.40 zone serves as both a vital psychological support and the upper boundary for the bull flag structure. During the latest session, XRP climbed from $1.4011 to $1.4184, pushing weekly gains close to 9 percent. A volume surge of $74.6 million at around 13:00 drove the price as high as $1.4207, before stabilizing between $1.417 and $1.420.

According to analysts, repeated tests of the $1.42 mark have weakened its significance as a resistance, and sellers’ inability to prompt a firm pullback could open the way for further upside.

Comparative analysis across several platforms reveals a notable drop in liquidity on Binance, falling to its lowest point in four years. In markets where liquidity dries up, a decisive break of certain price bands often leads to sharp price swings. Observers suggest that similar conditions are developing in XRP’s latest chart structure.

Key scenarios and expectations for the near term

XRP has lately maintained an upward trajectory, forming higher lows despite bouts of volatility. If the $1.42 resistance is decisively breached, technical targets between $1.47 and $1.50 could quickly come into focus. However, should this breakout fail and selling pressure intensify, the next main support range is seen at $1.34 to $1.37.

Investors largely agree that holding above $1.40 and a clear move past $1.42 will be pivotal in shaping short-term price direction. Data from CryptoAppsy indicates that rapid surges in XRP trading volume are reinforcing ongoing investor interest in the cryptocurrency.

The sustained bullish structure, combined with positive technical signals and growing trading activity, may set the stage for another run if resistance levels continue to be challenged.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 6 May, 2026 - 8:46 am 6 May, 2026 - 8:46 am
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