April’s momentum fizzles
CryptoPotato reports XRP is closing out April at $1.37, after giving back the tentative momentum it picked up through mid-month. The publication points to a “promising RSI setup” that had buyers watching for a channel breakout. That setup has fully unwound, CryptoPotato says, with price reversing from below the upper channel boundary and drifting back toward the lower end of its range.
CryptoPotato frames the rejection as “clean and unambiguous,” resetting the chart back to “square one.” It also says the RSI has faded to below 50, placing XRP back in “no-man’s land” as May nears.
XRP/USDT: rejection instead of breakout
On the XRP/USDT pair, CryptoPotato describes mid-April conditions as “slightly constructive.” The outcome, according to the article, was rejection rather than breakout. It says XRP failed to post a sustained close above the channel ceiling and the 100-day moving average, then slid from the $1.50 area back to $1.37.
CryptoPotato also identifies a ceiling of sorts. It says the 100-day MA around $1.50 and the 200-day MA near the $1.80 supply zone remain key resistance levels, and that neither was seriously threatened during this period.
On support, CryptoPotato cites the February wick low at $1.20 as the hard floor. It adds that a close below $1.20 would suggest XRP is tracking toward the lower channel boundary instead of building another breakout attempt, and would return the $1 support zone to focus heading into May.
XRP/BTC: relative weakness continues
CryptoPotato says the picture against Bitcoin has kept deteriorating. On XRP/BTC, it reports a slip further to 1,800 sats, sitting directly on a horizontal support level and slightly above the descending channel’s lower boundary near 1,600 sats.
The publication adds that the RSI on this pair weakened below 40. It contrasts this with the XRP/USDT pair, noting XRP/USDT’s RSI reached at least a neutral 50, while XRP/BTC showed “no meaningful recovery attempt” during April.
CryptoPotato calls the proximity to the lower channel boundary important for near-term daily closes. It says a closing breach of the 1,800 sats support level would represent a full channel breakdown and could open the path toward the lower trendline and potentially the 1,500 sats support zone if selling pressure accelerates. It also notes that the 100-day MA near 2,000 sats and the 200-day MA near 2,100 sats sit overhead and are declining.
Finally, CryptoPotato says a “genuine ratio recovery” would require a reclaim of the 2,000 sat level, and it reports no technical evidence on the chart that such a move is imminent.