XRP Bull-Bear Battle at the 1.40 Level! Has the Main Force's Shakeout Ended? The Next Step Might Directly Target 1.60!

As of April 23rd, XRP’s current price is 1.414 USDT. From the overall candlestick structure, XRP has experienced a significant pullback from the previous high of 2.41, and is now entering a phase of consolidation and correction after forming a bottom. The current price has been trading within the long-term core oscillation zone of 1.30—1.50, which is an important area where major funds repeatedly accumulate and shake out.

From a technical perspective, the market is gradually forming a typical pattern of bottom sideways accumulation → trend reversal on the verge of happening. Next, we will analyze this in detail across the daily, 4-hour, and 1-hour timeframes.

1. Daily Level Analysis: Bottom Oscillation Structure Gradually Taking Shape

At the daily level, XRP previously retraced from 2.41 down to 1.11, forming a phased panic low. Subsequently, the price was quickly pulled back by funds, indicating a clear institutional support around 1.10.

After that, the market entered a prolonged sideways consolidation phase, mainly trading within:

1.28 — 1.50

This structure exhibits typical bottom box characteristics:

Multiple dips below 1.30 but quickly recovered

Multiple attempts to break above 1.50 but failed

Volume gradually converging

This usually indicates the market is completing a reallocation of chips.

Daily Trend Signals

Currently, two important changes are appearing on the daily chart:

1. The lows are beginning to rise

Recent low points:

1.27

1.30

1.33

Indicating that bearish momentum is gradually weakening.

2. Moving averages are flattening

Short-term moving averages have started to move sideways, showing that the market is shifting from a downtrend to a sideways trend.

When sideways consolidation lasts long enough, it often breeds a new trend.

2. 4-Hour Level Analysis: Testing the Upper Boundary of the Range

From the 4-hour structure, XRP has recently formed a small upward rhythm:

Low point structure:

1.30

1.33

1.36

High point structure:

1.43

1.47

This indicates the market is slowly lifting its center of gravity.

Moving Average Structure

Currently, the 4-hour moving averages show:

MA20 turning upward

MA60 flattening

Belonging to the trend correction phase.

Market Rhythm

The rhythm of the market is very clear:

Uptrend → Pullback → Uptrend again

But each pullback’s low point is higher than the previous one, indicating that bullish funds are gradually controlling the market pace.

3. 1-Hour Level Analysis: Short-term Consolidation and Accumulation

On the 1-hour chart, the current price is oscillating around 1.40, a typical pre-breakout accumulation pattern.

The market has formed a converging structure:

High points gradually decreasing

Low points gradually increasing

This is a triangle consolidation pattern, which usually signals an imminent directional move.

Two Possible Scenarios

Scenario 1: Breakout upward

If 1.45 is broken

Short-term targets:

1.50

1.55

Scenario 2: Pullback for confirmation

If a short-term correction occurs:

Support zones:

1.39

1.36

As long as 1.36 holds, the overall correction remains healthy.

4. Major Funds Behavior Analysis

Looking at the overall structure, XRP currently resembles a typical major fund shakeout phase:

First phase

Panic decline (2.4 → 1.1)

Second phase

Sideways accumulation (1.3—1.5)

Third phase

Oscillating higher center of gravity

The market may now be entering the late stage of the third phase.

Once the upper boundary of the box is broken, the price is likely to enter a rapid upward phase.

Today’s Trading Strategy (April 23rd)

Direction: Long

Entry position: 1.414

First target: 1.3928

Second target: 1.3716

Stop-loss: 1.4422