XRP Price Bounce Losing Steam, Failure Signals Could Emerge
NewsBTC·60-word summary·1 min read
XRP's price recovery above $1.40 shows signs of consolidation, with resistance near $1.4650. The coin trades above key support levels, including $1.420 and the 100-hour SMA. A break above $1.4650 could push XRP toward $1.490 or higher, but failure to clear resistance might lead to declines toward $1.3750 or lower.
Bitcoin rose to $77,541 on April 19, up 2.2% in 24 hours and 4.3% weekly, following Trump’s extension of the Iran ceasefire and Strategy’s announcement of its largest BTC purchase in 17 months, valued at $2.5 billion. The price increase reflects positive market sentiment amid geopolitical developments and institutional buying activity.
Dogecoin (DOGE) is struggling to break above $0.10, facing resistance near $0.0975 and $0.0970. After recovering from $0.0925, DOGE climbed above $0.0940 but remains below key resistance levels. A close above $0.10 could push DOGE toward $0.1020, but failure to do so may lead to a downside move. The current trading price is above $0.0950.
Shiba Inu (SHIB) saw open interest increase by 20%, surpassing Bitcoin and XRP. Traders are heavily betting on SHIB, indicating rising interest and potential bullish momentum. This surge could signal a significant shift in trader focus toward meme coins, impacting overall market dynamics and future price movements for SHIB and other altcoins.
Ripple's XRP remains around $1.44, failing to follow Bitcoin and Ethereum's bullish trends. While Bitcoin neared recent highs and Ethereum showed signs of a breakout, XRP has been stuck in a range, with analysts debating whether it could reach $1.20 or $2 next. The divergence highlights ongoing market uncertainty in the crypto space as of April 2026.
Ethereum's price has struggled to break above $2,385, with recent recovery efforts from $2,250 facing resistance. Trading around $2,320, ETH is consolidating within a rising channel, with key resistance at $2,385 and $2,400. A sustained move above these levels could push the price toward $2,430, but recovery remains fragile amid ongoing resistance.
Bitcoin options trading shows a bearish tilt, with $74,500 puts being the most active over the past 24 hours, indicating increased short-term hedging. As of April 22, open interest reached $39.35 billion, up 2.53% from the previous day. Calls make up 55.75% of open interest, while puts account for 44.25%, reflecting ongoing longer-term bullish sentiment.