XRP price has started the week with a firmer tone as buyers defend a key support area near $1.35. That holds matters because it follows a breakout from a tight triangle, which often signals trend continuation. At the same time, XRP price now trades near $1.37 after a 3% daily gain, keeping $1.42 back in focus. The latest structure shows strength beneath the surface, even as broader sentiment remains cautious across derivatives and spot markets.
XRP Price Holds a Critical Retest Zone
The current setup centers on the $1.35 to $1.355 region. That area now acts as the market’s main support line. It also lines up with a rising trendline that has guided XRP price higher.
GainMuse highlighted this zone as a bullish retest area. The idea looks simple and important. XRP price broke above consolidation, then pulled back without losing the breakout. Besides, price stayed above former resistance instead of falling into a deeper slide.
Source: GainMuse
That behavior often points to buyer control. It shows that demand still sits near the breakout area. Consequently, the retest gives the market a chance to reset before another push higher.
Price action also remains orderly. Buyers defended support near $1.3604 during the recent session, then lifted XRP price back toward the highs. That rebound supports the view that bulls still guard the structure.
Derivatives Activity Shows Caution, not Panic
Glassnode data adds another layer to the story; after the deleveraging move in early October 2025, XRP perpetual open interest fell sharply. The figure dropped from 7 billion tokens to 2 billion tokens, marking a 71% decline.
Since then, positioning has shrunk even more. Open interest later slipped another 25% to 1.5 billion XRP. That trend suggests traders have reduced speculative exposure across the derivatives market.
Low leverage can cut both ways. On one hand, it shows weaker participation. On the other hand, it removes excess risk from the market. Hence, XRP price may now sit on a cleaner foundation than before.
Funding data tells a similar story. OI-weighted funding stayed close to zero, with only slight positive readings. That pattern shows neither side has taken aggressive control through leverage.
Source: Coinglass
The long and short balance also remains tight. Bulls need stronger expansion while funding stays positive. However, bears would gain traction if the price slips and funding turns negative again.
The long/short ratio remains prudent. The last readings were mostly below 1.00, and it is possible to find more red bars than green ones. That is, sell-side pressure has been pre-eminent over buy-side activity of late.
Source: Coinglass
Even so, this imbalance does not always block a rally. In many cases, price rises when positioning stays too defensive. Therefore, XRP price could still move higher if spot demand improves.
Sentiment Stays Weak, but that May Support a Rebound
Sentiment around XRP remains notably soft. Glassnode reported that more than half of the supply still sits underwater. Many market participants who bought above $2 over the last year have realized losses since November 2025.
Those realized losses ranged from $20 million to $110 million per day. That selling pressure has weighed on confidence across the market. Moreover, it has added to the sense that XRP has struggled to regain momentum.
Santiment also flagged heavy pessimism. Fear, uncertainty, and doubt around XRP reached the third-highest level in two years. That reading followed a decline of more than 60% over nine months.
Extreme caution can create a different opportunity. Markets often move against the dominant mood, especially when expectations turn too negative. Significantly, that means weak sentiment can support relief rallies when technical support holds.
This backdrop makes the current retest more important. XRP price does not need broad excitement to move higher. It only needs buyers to keep defending support while sellers lose conviction.
XRP Momentum Strengthens Near Key Resistance
Bollinger Band data placed XRP price near the upper band during recent Binance trading. Price traded at 1.3745, while the upper band sat at 1.3804. The middle and lower bands stood at 1.3403 and 1.3002.
That placement matters because it shows price holding above the middle band. It also keeps XRP price close to immediate resistance. Additionally, the daily range stayed narrow between 1.3604 and 1.3780.
Compressed candles usually indicate future directional movement. In this case, the squeeze in the area of the upper envelope indicates that buyers remain in the near-term advantage. Nevertheless, a clean break above 1.3804 is required for bulls.
If that break arrives, XRP price could gain momentum quickly. If support fails, the middle band near 1.3403 becomes the next key area.
MACD readings show modest but positive momentum. The histogram printed 0.0071, while the MACD line came in at -0.0096. The signal line stood at -0.0168.
XRP/USD 24-hour Price Chart: (Source: TradingView)
The gap between those lines keeps the MACD line above the signal line. That setup shows bulls still hold a slight near-term advantage. Besides, the indicator has not rolled over in a decisive way.
Spot XRP ETFs See Weekly Inflows
Spot XRP ETFs in the United States posted $11.75 million in cash inflows last week. That marked the strongest weekly total since the first week of February 2026. As of April 13, the group held about $968.15 million in net assets.
Source: SoSoValue
Bitwise led the way. Its XRP ETF recorded about $9.52 million in weekly inflows. That move lifted its net assets to roughly $276.27 million.
Franklin also posted a solid week. Its XRP ETF added $2.90 million, which marked its biggest inflow since late February. These numbers show that product demand has improved even while sentiment remains weak.
Not every fund joined the trend. The 21Shares XRP ETF recorded another weekly outflow, with $661.16k leaving the product. That pulled its net assets down to about $142 million.
XRP Triangle Pattern Keeps Bulls Hopeful
The long-term chart still shapes the broader narrative. Analyst Ali Martinez has pointed to a large ascending triangle on the monthly timeframe. That pattern has developed over nearly nine years.
His chart shows repeated rejection near $3.30. It also shows a rising support trendline that continues to hold over time. That structure keeps the long-term breakout case alive despite recent weakness.
This higher-timeframe view gives added weight to the current retest. If XRP price keeps defending the $1.35 area, the market may build toward another attempt higher. Hence, the short-term setup and long-term chart now align more closely.
The next upside focus sits near $1.42. A move toward that level would confirm that buyers have turned the breakout zone into a working base. After that, the market could test whether momentum can expand further.
Final Take
XRP price is in a fragile yet positive state. Momentum has not crumbled, and the flows of ETFs have been enhanced. Although the market is still taking care, the retest structure still indicates a further push up.
