XRP Price Outlook as $1.41 Support Holds, Analyst Eye Breakout to $31

TLDR

• XRP traded near $1.45 on Monday, holding above the key near-term support level at $1.41.
• Resistance remains clustered at $1.53 and $1.78, keeping short-term XRP upside in check.
• CoinShares data showed XRP investment products returned to inflows after the previous week’s outflows.
• Crypto sentiment improved, with the Fear & Greed Index rising to 47 from 33 in one day.
• XRP stayed above its 50-month EMA near $1.33 as analysts watched an Elliott Wave setup targeting higher levels.

XRP price has started the week under pressure as the token traded near $1.45 and struggled to extend its recent rebound, leaving the market focused on whether buyers can keep defending the lower end of the current range. Price action remains soft beneath nearby resistance, but the token is still holding above a support band that traders have been tracking since the broader market recovered from its March lows.

The latest backdrop for crypto remains tied to geopolitics as well as flows. Risk appetite improved after Iran sent a new proposal through Pakistani mediators centered on reopening the Strait of Hormuz and ending the war, even though President Donald Trump canceled the planned Islamabad trip by Steve Witkoff and Jared Kushner and no face-to-face talks were scheduled. That left markets in a mixed position, with de-escalation hopes still present but no clear diplomatic breakthrough in place.

The sentiment picture has nevertheless improved from the panic seen earlier in the month. Crypto sentiment gauges climbed to 47 on April 27 from 33 the day before, moving back toward neutral territory as traders responded to the weaker war-risk narrative and steadier price action across major tokens. XRP has participated in that broader recovery, but the rebound has remained slower and more technical than the moves seen in Bitcoin and Ether.

Fund Flows Improve, but XRP Still Lags at Resistance

Institutional positioning has also turned less negative. CoinShares’ latest weekly data showed digital asset investment products extended their inflow streak, while XRP-related products returned to inflows after the previous week’s outflows. That shift matters because it suggests demand for XRP exposure is recovering again after a brief interruption rather than continuing to weaken.

Even with that improvement, XRP’s price structure still looks more hesitant than the flow data alone would suggest. The token has not broken decisively through the first resistance band that traders are watching, and that is keeping short-term momentum in check. For now, the market is treating XRP as a lagging participant in the broader crypto rebound rather than a leader, which leaves support behavior more important than headline upside targets in the near term.

Source: CoinShares

The key zone on the downside remains around $1.41. That level has been acting as a near-term floor while resistance remains clustered near $1.53 and then higher around $1.78. As long as XRP stays above the lower band, dip-buying can still be read as active. A break below it would shift attention back toward a deeper retracement, especially if broader market sentiment turns weaker again around macro events such as the April 28–29 Federal Reserve meeting.

XRP Price Monthly Chart Keeps Longer-Term Targets in View

While the short-term chart remains range-bound, the longer-term technical picture is drawing more attention. According to crypto analyst Egrag Crypto, XRP is continuing to hold above its 50-month exponential moving average, which sits around $1.33. That moving average acted as support during the recent downtrend and has so far prevented a deeper breakdown in the current cycle.

That same chart places XRP inside a broader ascending channel that has remained intact since mid-2022. Price compression inside that structure has kept the market from delivering a clean breakout, but it has also preserved the longer-term upward trend. In practical terms, that means the market can still remain constructive on higher timeframes even while short-term trading stays capped below resistance.

Source: X

The Elliott Wave reading tied to that setup is the reason long-range upside targets have re-entered the discussion. The chart maps the current phase as the early part of a third wave, with a projected Fibonacci extension near $15 and a later five-wave completion area near $31 if the structure plays out fully. Those projections remain conditional rather than confirmed, because they depend on XRP first defending the current support base and then moving through the nearer resistance zones that are still limiting price.

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