XRP stays below $1.425 resistance, while analysts say a $3.30 breakout could open upside targets near $5 and $8.
XRP is being watched as traders weigh a bullish long-term setup against weaker short-term signals.
The token remains below several near-term resistance levels, and momentum is still soft. Even so, some analysts say a confirmed move above $3.30 could shift the broader structure.
For now, the market is balancing between downside pressure and a possible breakout later on.
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XRP Price Holds $1.32 as RSI Signals Potential Bottom
Long-Term Pattern Keeps $3.30 in Focus
Several traders are watching a long-term descending broadening wedge on the XRP chart. This pattern often reflects wide price swings before a stronger move appears.
In this case, the upper boundary sits near a major trigger zone. As a result, $3.30 has become the main level in focus.
According to the bullish setup, a break above $3.30 could open higher targets. Some traders place those targets near $5, $8, and then above $13. However, those levels depend on a clean breakout and follow-through.
Without that move, the larger forecast remains only a chart scenario.
#XRP – The Elastic Coil Is About to SNAP ⚠️
🟣Descending Broadening Wedge = Expansion Machine
🟣Structure is clear. Noise is irrelevant.
🟣The Setup:
▫️Macro Descending Broadening Wedge (DBW)
▫️Strong base holding around $0.90
▫️Compression near upper boundary BMSB=… pic.twitter.com/QaRD7AZRVg— EGRAG CRYPTO (@egragcrypto) April 2, 2026
At the same time, the lower part of the structure remains important.
Some analysts point to $0.90 as the main support floor. They say a drop below that area could still reverse with a fast reclaim. Still, failure to recover would weaken the long-term setup.
Short-Term Charts Still Point Lower
While the larger pattern stays in focus, near-term charts remain under pressure.
XRP recently broke below the $1.31 support level. That move increased attention on the $1.05 to $1.09 area. Traders link that zone to the macro 0.786 retracement.
🚨Breakdown Playing Out on XRP! 🚨
We just saw $1.31 support break, and this is exactly what I mentioned in the last update. Once that level failed, a sharp move down was likely.
Now that momentum is kicking in, I’m expecting this to carry into the $1.05–$1.09 range, which is… pic.twitter.com/MPgQQuEdzM
— CasiTrades 🔥 (@CasiTrades) April 2, 2026
Some analysts believe that move could complete a third subwave lower.
After that, they expect a relief bounce before another possible decline. In that case, the price may move toward the $0.87 area. That level matches another major support zone on the chart.
Meanwhile, the broader trend still looks bearish to neutral. XRP fell sharply from the January peak near $2.41. It later found support near $1.12 and moved into a sideways range.
However, recent candles show price drifting back toward the lower end.
Related reading:
Ripple Proposes Confidential XLS-33 Tokens Hiding XRP Balances For Big Banks
Key Levels Will Guide the Next Direction
Current readings show XRP below several important reference points.
Price is below the Bollinger Band midline near $1.3999. It also remains below the 23.6% Fibonacci level near $1.4247. Together, those levels suggest buyers have not regained control.
In addition, XRP is trading close to the lower Bollinger Band near $1.2703. That can sometimes signal a short bounce from stretched conditions.
On the other hand, it can also show growing weakness. For now, the second view carries more weight.
The RSI is near 38.9, while its average is near 43.5. That shows weak momentum, but not an oversold market. So, there is still room for more downside pressure. Because of that, traders are watching nearby support with care.
The next support levels sit near $1.270, then $1.20 to $1.18, and then $1.118. On the upside, resistance starts near $1.40 to $1.425.
A daily close above that zone would improve the short-term picture. Until then, rallies may still look like temporary rebounds inside a pressured range.
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