XRP may be entering a more positive phase, according to a new thread via X from market analyst Ali Martinez (@alicharts), who argued on April 21 via The case depends on a combination of trend-following indicators, whale accumulation, exchange supply dynamics, and a tight chart structure that can lead to a larger move.
4 Signs XRP is Turning Bullish
The first signal for Ali is a change in the overall trend on the daily chart. in stringHe said the SuperTrend indicator has now issued its first buy signal since January, a notable reversal after months of sustained selling pressure. “On the daily chart, the SuperTrend indicator showed a buy signal for the first time since January. This reversal indicates that selling pressure is waning, and XRP may be preparing for a trend reversal,” he wrote.
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This call builds on an earlier post on April 18, in which Ali framed the signal as a potentially important inflection point. “For the first time since January 17, it has been done The SuperTrend indicator turned higher On the daily chart. After months of “sell” pressure, we are officially seeing a buy signal anticipating a major return in the direction of XRP. While the trend has changed, the real test lies at $1.55.
The second sign is pieces of large holders. Ali said the on-chain data is from Santiment offerings Accumulated whales Nearly 360 million XRP over the past week. If this accumulation continues, it adds weight to the idea that the recent change in trend is supported by capital rather than a short-term bounce.
The third sign is the formation of a setup on lower time frames. Ali said XRP is being squeezed into a symmetrical triangle, a structure he said could herald a 35% move once the price breaks out decisively. in Saying itThis pattern fits with the broader shift underway: macro conditions are improving, supply is being withdrawn from exchanges, and the price is rolling into a narrower range.
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“As the overall trend reversed and supply was withdrawn from exchanges, a symmetrical triangle was formed on the lower time frames. This pattern squeezed the price into a narrow range, anticipating a 35% move once the breakout occurred,” he writes.
The fourth sign is the clarity of the levels of invalidation and penetration. He says a daily close above $1.55 would validate the breakout and open the way towards $1.90, describing that resistance as a “key level” that recently peaked. At the same time, he said that the bullish outlook remains intact only as long as XRP maintains the support area at $1.30.
Rather than calling for an immediate breakout, Ali identifies a market that may move from defense to attack, with specific levels that will either confirm or weaken the hypothesis. The SuperTrend bullish reversal, whale accumulation, compact triangle, and nearby resistance test do not constitute evidence in and of themselves. However, together they make a coherent case that XRP may move from a bearish regime to an early bullish regime.
At press time, XRP was trading at $1.4368.
Featured image created with DALL.E, a chart from TradingView.com
