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XRP Key Bull-Bear Showdown! $1.40 becomes the watershed moment, the next trend may be about to erupt | In-depth analysis of the April 20 market price
Current XRP XRP latest price: 1.4074 USDT.
From the overall trend, after a significant rally in the previous cycle, the market has entered a phase of correction.
After a short-term pullback and consolidation, the price gradually formed support between 1.35—1.40 and began to attempt a rebound.
The current market structure can be understood as:
Uptrend → High-level correction → Consolidation and bottoming → Rebound and recovery
Currently, around $1.40 has become the new key support and resistance level separating bulls and bears.
From the daily chart structure, XRP’s previous rally was quite strong, but at high levels, it encountered obvious selling pressure, and the price began a technical correction phase.
Recent candlestick movements show the following characteristics:
Diminishing downward momentum
Multiple supports around 1.35—1.38
Market lows gradually rising
This indicates the market is gradually forming a phase of consolidation.
From the 4-hour candlestick structure, XRP is currently in a oscillating upward recovery pattern.
The price has recently rebounded from around 1.33 and is testing the 1.42—1.45 resistance zone.
Four-hour trend features:
Lower lows are rising
Pullback amplitude is decreasing
Short-term bullish momentum is strengthening
But note:
There is significant selling pressure around 1.45.
From the 1-hour trend, XRP has formed a short-term oscillating upward structure.
Recent trend features:
Pullbacks are quickly absorbed by buying
Market short-term sentiment is strengthening
Bulls are gradually gaining control
Indicating that short-term funds are continuously testing the upper resistance zone.
April 20 Trading Strategy
Direction: Enter Long
Entry position: 1.4074
First target: 1.4286
Second target: 1.4498
Stop-loss: 1.3793