Key Highlights
- XRP surged beyond the $1.40 threshold during Asian market hours with robust trading volume
- The digital asset reached an intraday peak of $1.4148 before settling into consolidation above $1.40
- Critical resistance zone identified at $1.420, with potential continuation toward $1.435 and $1.450
- Ripple secured 700 million XRP back into escrow following a 1 billion token unlock
- Market observer CW identified the most significant long-position accumulation activity in fourteen days
XRP successfully reclaimed the $1.40 price level during the early hours of Asian trading on May 4, 2026, riding a wave of bullish momentum that swept through cryptocurrency markets as Bitcoin gained ground. The upward movement was accompanied by substantial trading volume, indicating genuine market engagement rather than thin-liquidity price manipulation.
The cryptocurrency touched an intraday high of $1.4148 before experiencing modest profit-taking that led to consolidation within the $1.4040 to $1.4060 range. Current trading activity shows XRP maintaining position above both the psychologically important $1.40 threshold and the 100-hour Simple Moving Average indicator.
Technical analysis of the hourly chart reveals an emerging bullish trend line with support established near the $1.3920 level. The price action demonstrates a pattern of ascending lows preceding the breakout, suggesting persistent accumulation and buying interest at lower levels.
Prior to this move, XRP had been confined within a narrow trading corridor between $1.35 and $1.45 for an extended period. The current price action represents a renewed effort to escape this compression zone, with trading volume validating the push through the $1.40 barrier.
Critical Price Levels Under Observation
The primary resistance barrier stands at $1.420. A decisive break above this threshold could pave the way toward $1.435, followed by $1.450. Should momentum continue, market participants are monitoring $1.480 and the psychological $1.50 level as subsequent objectives.
Regarding downside protection, $1.3880 represents the initial support zone. Beneath that level lies $1.380, which corresponds with the 50% Fibonacci retracement of the recent rally from $1.3460 to $1.4148. A confirmed close under $1.380 might trigger selling pressure toward $1.350, with $1.322 as an extended downside target.
Cryptocurrency market analyst CW highlighted that substantial net long-position buying volume had emerged in XRP markets, characterizing it as the most significant accumulation activity observed in the past two weeks. The analyst emphasized that despite sideways price action, accumulation patterns suggested preparation for a significant upward movement.
Ripple’s Supply Management Activity
Coin Bureau disclosed that Ripple returned 700 million XRP to escrow arrangements within a 24-hour period after releasing 1 billion XRP tokens. Data from Whale Alert confirms this action aligns with Ripple’s established monthly protocol for managing circulating supply.
Technical indicators on the hourly timeframe show the MACD maintaining a bullish configuration while the Relative Strength Index remains positioned above the 50 midpoint, both factors supporting the likelihood of continued upward movement provided price remains anchored above $1.40.
The $1.40 level now functions as the critical pivot point for XRP’s near-term trajectory. Sustained trading above this level preserves the integrity of the current breakout formation, whereas a decline below would indicate a failed attempt and potentially trigger a return to the recent range-bound trading pattern.
Both the MACD and RSI indicators continue to display bullish characteristics according to the most recent technical data available.
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