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Ripple’s native token, XRP, gained renewed momentum this week, trading around the $1.44 level while testing near-term resistance zones. The move is supported by technical signals and blockchain data metrics that point to the possibility of bullish continuation.
Cryptocurrency analyst Ali Martinez said XRP appears to be transitioning from a bearish to a bullish structural trend. His assessment combined chart patterns, blockchain indicators, and momentum oscillators.
Martinez noted that the SuperTrend tool issued a daily timeframe buy indication for the first time since the beginning of January, suggesting reduced downward pressure and a potential change in trend direction.
On lower time frames, he referenced the formation of a symmetrical triangle that has compressed price action into a tight range. Martinez indicated the pattern could precede a move of about 35% after a breakout.
On the 12-hour chart, Martinez also highlighted a developing symmetrical triangle characterized by converging trendlines, declining peaks, and rising troughs. He said breakouts from such formations often lead to sharp directional moves, projecting roughly 35% upside from the current consolidation range. His upside target is $1.90, with a bullish scenario validated by a daily close above $1.55. He identified $1.30 as the key invalidation level for the bullish thesis.
Blockchain analytics cited by Martinez, using Santiment platform data, suggested whale-sized wallets accumulated about 360 million XRP over a single week. He also reported that aggregate whale holdings increased from roughly 8.3 billion XRP to 8.8 billion XRP. The analysis aligns with the idea that large investors often build positions during consolidation and accumulation phases.
Separately, SoFi Bank announced plans to integrate XRP deposit functionality across its customer base. The federally chartered institution manages more than $34 billion in total assets and serves 13.7 million active customers. XRP is set to join Bitcoin, Ethereum, and Solana within the bank’s cryptocurrency offering.
Ripple acknowledged the development, stating that the integration is intended to support broader adoption and expand the XRP ecosystem’s reach. The announcement follows other related updates, including XRP trading capabilities on WhatsApp via wXRP on Solana, and a validator governance vote concerning a lending protocol aimed at improving DeFi infrastructure on the Ripple network.
On the daily chart, XRP is holding above its 50-day exponential moving average at $1.41. Immediate overhead resistance is at the 100-day EMA near $1.54. If that level is cleared, Martinez’s cited pathway points toward $1.68, where a long-duration descending trendline converges. Additional resistance is indicated at the 200-day EMA around $1.78.
Momentum indicators cited in the analysis include a Relative Strength Index near 58 and a MACD histogram remaining in positive territory above the zero line. The Crypto Fear & Greed Index is reported at 32, up from 23 the previous week.
On Binance, the XRP long-to-short position ratio is 2.27, suggesting traders maintain a net long bias. For perpetual futures, the Open Interest-Weighted Funding Rate was 0.0066% on Wednesday, remaining positive continuously since April 3.
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