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Home » XRP eyes recovery as SuperTrend indicator turns bullish, says analyst
Crypto

XRP eyes recovery as SuperTrend indicator turns bullish, says analyst

News RoomNews RoomApril 19, 20267 ViewsNo Comments
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$XRP, the native digital asset of the $XRP Ledger, flashed its first bullish technical signal in three months.

According to on-chain analyst Ali, the SuperTrend indicator on $XRP’s daily chart flipped to a buy signal on April 18, ending a stretch of sustained selling pressure that began in mid-January.

$XRP: SuperTrend flips bullish!

For the first time since Jan. 17, the SuperTrend indicator has flipped 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.

While the trend has… pic.twitter.com/yiusXU3vIi

— Ali Charts (@alicharts) April 18, 2026

A rough start to the year

$XRP fell about 27% in the first quarter of 2026, dropping from roughly $2.4 in January to a low near $1.16, marking its worst quarterly performance in eight years.

The asset was trading at $1.44 at press time, down about 3% in the last 24 hours, per CoinGecko. It still sits over 60% below its record high of $3.6 reached last July.

$XRP continues to struggle around the $1.55 mark, which has repeatedly capped gains in recent weeks. Ali noted that a sustained break above it would expose upside toward $1.9, about 30% above current levels.

Wrapped $XRP is now live on Solana

$XRP holders can now participate in trading, yield generation, and liquidity provision on Solana without selling their assets, after wrapped $XRP (wXRP) went live on the blockchain on April 17.

BREAKING: $XRP is live on Solana pic.twitter.com/QZbwd6qEN4

— Solana (@solana) April 17, 2026

The rollout bridges $XRP into Solana’s high-speed DeFi environment, integrating with apps like Jupiter, Titan, Phantom, Meteora, and Byreal through Hex Trust and LayerZero infrastructure.

wXRP is fully collateralized 1:1 with $XRP held in custody and remains redeemable at any time, maintaining peg stability while unlocking new utility outside the $XRP Ledger.

Ripple CEO Brad Garlinghouse said the expansion reflects rising demand and an ongoing push into multi-chain ecosystems.

Two production-level partnerships in Asia

$XRP has recently seen a utility boost following two new partnerships unveiled earlier this week.

Rakuten brought $XRP into its e-commerce and fintech ecosystem in Japan, opening access to an estimated 44 million users across five million stores.

Separately, Kyobo Life Insurance in South Korea partnered with Ripple to digitize government bond settlement on blockchain, advancing production use cases in two of Asia’s largest economies.



Read the full article here

Analyst bullish eyes Indicator recovery SuperTrend turns XRP
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