XRP Price News: $1.50 Sell Wall Holds, But XRP’s Uptrend Remains Intact

XRP (XRP) has jumped by 7% in the past 7 days after Ripple announced a partnership with Kyobo Life Insurance to launch tokenized government bonds in South Korea.

Volumes surged as a result, and propelled the token to $1.50, hitting the target we shared in one of our latest XRP price predictions. This trade yielded a 3.5x return to those who decided to open a long position.

The price action has behaved as we expected. XRP’s sell wall at $1.50 persists, and has managed to push the token down to $1.43 thus far.

However, we still hold a positive outlook for this altcoin as long as its key trend line support holds.

Market Sentiment Improves as Oil Retreats

Apart from this Kyobo news, cryptocurrencies as a whole have performed positively in the past few weeks, primarily as geopolitical tensions have eased and the price of oil has retreated below the $90 mark.

Market sentiment has improved as a result, as reflected by the performance of the Fear and Greed Index. This gauge rose from a record low of 5 back in February to a recent peak of 62. This was the first time that the index hit “Greed” levels since October 2025.

Meanwhile, between April 15 and 16, we saw a spike in liquidations of short positions in XRP tokens, as the token broke the $1.40 barrier.

Our expectation is that this rally will continue this week, possibly after a healthy pullback.

Key Support to Watch for XRP Sits at $1.38

Looking at the daily chart, we can see that a trend line support has built up in the past few weeks. This would be our expected landing zone if the price action turns bearish in the next couple of days.

The key support to watch would sit at around $1.38. If that trend line holds, we expect a retest of $1.50 in the near term, and possibly a move toward $1.65 if that resistance is finally broken.

Trading volumes have been surging for two weeks in a row, according to data from Artemis, although they remain low compared to historical figures.

Looking at previous uptrends, we would like to see weekly volumes rising past $40 billion to confirm that buying pressure is high enough to justify a much more explosive move.

Right now, volumes sit at $21 billion, which is half of that amount. Hence, it is still too early to categorize this rally as the definite end of this bear market. For now, it is just another “bear market rally” until proven otherwise.

Our signals system has not yet sent another buy, but we got two consecutive ones right after XRP hit $1.33 – our previous key area of support.

Now, if we get another “buy” at around $1.37, that would confirm a positive outlook for the token and could pave the way for another interesting trading opportunity that offers a 3x risk-reward ratio.