- XRP price shows clear path toward $1.65 resistance zone
- Support levels at $1.39 and $1.42 remain critical for trend
- Escrow unlock of 1B XRP may increase short-term volatility
XRP is showing a technically clean setup as price action moves toward a key upside zone with minimal resistance ahead. Trading near $1.43, the structure suggests a potential path toward $1.65 if support levels continue to hold. However, an upcoming escrow unlock adds a layer of supply pressure that could influence momentum in the short term and test market strength.
XRP Price Builds Momentum Toward $1.65 Zone
The XRP price is showing a structured move upward as resistance levels remain limited in the near term. According to CryptoPulse chart data, XRP trades near $1.43996, holding a mild upward trend. The price action suggests a potential path toward $1.65 if momentum continues.
The XRP price has maintained support around $1.42, with deeper support near $1.39. This zone has helped stabilize recent pullbacks. The absence of strong resistance between current levels and $1.65 adds to the bullish structure.
At the same time, traders are watching the $1.45 to $1.57 range. This zone may act as a short-term test for buyers. A clean move through it could support continuation toward higher levels.
XRP Price Faces Supply Risk From Upcoming Escrow Unlock
Ripple is set to unlock 1 billion XRP from escrow on May 1. This follows its long-standing monthly release system started in 2017.
The XRP price has often reacted to supply changes, making this event relevant for traders. The unlocked tokens carry a notional value of about $1.4 billion based on current pricing. Market conditions may adjust this value by the time of release.
This supply increase comes as XRP trades in a tightening range. If support at $1.39 fails, the price could move toward $1.33. That would weaken the current bullish structure.
However, if support holds, XRP may continue its upward path. A break above $1.65 would place the next resistance near $1.70 to $1.75. This area may attract stronger selling pressure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
