The XRP market has shown major upside as the SuperTrend showed its first buy signal on the daily chart in over three months. This event indicates that the altcoin’s short-term prospects look positive amid the broader market volatility driven by an unstable geopolitical scene.
XRP Bulls Set Course to Encounter $1.55 Barrier
In one X message on April 18, renowned analyst Ali Martinez shares a bullish outlook for the XRP market, highlighting the resistance level and a price target. This analysis follows the SuperTrend indicator, which has turned bullish on the XRP daily chart for the first time since January 17.
The SuperTrend indicator is a trend-following technical analysis tool that helps traders identify the current market direction (an up or down trend) and potential entry/exit points.
$XRP: SuperTrend turns bullish!
For the first time since January 17, the SuperTrend indicator has turned bullish on the daily chart. After months of ‘sell’ pressure, we are officially seeing a buy signal that anticipates a major comeback in XRP’s trend.
Although the trend… pic.twitter.com/yiusXU3vIi
— Ali Charts (@alicharts) April 18, 2026
XRP’s last significant and sustained price increase occurred in early January, when the altcoin reached a local peak of $2.42. Since then, prices have fallen to $1.10 and are currently consolidating between $1.30 and $1.55, in line with broader market moves. However, the recent signal from the SuperTrend indicator suggests that this period of sustained selling pressure could have been over.
According to Martinez, the trend shift can only be validated if XRP breaks the key price resistance level at $1.55, which has been holding consistently and effectively in recent weeks. The analyst describes this future encounter as a “real test” of XRP’s bullish intentions, noting that a clear, decisive break above this level should trigger a subsequent relief rally. In this case, the cryptocurrency is tipped to trade as high as $1.90 provided the SuperTrend indicator provides a supportive bottom. Based on current market prices, Martinez’s analysis suggests that the XRP market could post a potential gain of 32% in the coming weeks.
XRP price overview
At the time of writing, XRP is trading at $1.43 after prices fell 2.43% over the past day. Meanwhile, daily trading volume fell 40.55% to $2.69 billion. The latest price drop of XRP follows the instability in the geopolitical landscape related to the ongoing war between the US and Iran. The Middle Eastern nation had initially allowed commercial ships access to the Strait of Hormuz for the remainder of the ongoing ceasefire with Western power.
However, on Saturday, Iran quickly reversed this position. to declare the Strait of Hormuz was closed again, citing the ongoing blockade of US shipping ports. On the other hand, US President Donald Trump has stated that the US naval blockade should remain in full force until both countries reach an agreement.
Global financial markets continue to weather a storm amid these suffocating geopolitical tensions, especially given the broader impact of the recent surge in oil and energy prices. Following Iran’s latest announcement, the total cryptocurrency market cap is now down 2.00% to $2.56 trillion.