XRP closed April near $1.37 after losing the tentative momentum it had built mid-month. A promising RSI formation that had buyers anticipating a channel breakout less than a week earlier has now fully unwound. Price reversed below the channel’s upper boundary and has drifted back toward the lower end of its recent range as May approaches. The rejection was decisive and has effectively reset the technical outlook.
Ripple Price Analysis: The USDT Pair
On the XRP/USDT pair, what looked slightly constructive in mid-April turned into a rejection rather than a breakout. XRP never achieved a sustained close above the channel ceiling and the 100-day moving average and has since given back those gains, sliding from the roughly $1.50 area back to $1.37. The RSI has also fallen beneath 50, leaving the indicator in neutral territory.
The 100-day moving average at approximately $1.50 and the 200-day moving average converging near the $1.80 supply zone still define the upside resistance. Neither level was seriously challenged during the recent bounce. On the downside, the February wick low at $1.20 remains the hard support. A daily close below that $1.20 floor would suggest XRP is moving toward the lower channel boundary rather than preparing for another breakout attempt, and it would bring the critical $1 support zone back into focus as May begins.
The BTC Pair
Against Bitcoin, the technical picture has worsened. XRP/BTC has slipped to around 1,800 sats, sitting on a horizontal support level visible on the chart and just above the descending channel’s lower boundary near 1,600 sats. The RSI on this pair has weakened below the 40 area, the softest reading in several weeks. Unlike the USDT pair, which reached a neutral 50 at one point, the BTC ratio showed no meaningful recovery attempt throughout April.
The proximity to the lower channel boundary makes the coming daily closes important. A decisive close below the 1,800 sats support would indicate a full channel breakdown and could open the path toward the lower trendline and the 1,500 sats support zone if selling pressure increases.
The 100-day moving average near 2,000 sats and the 200-day moving average around 2,100 sats remain well overhead and are still trending lower, confirming that XRP has been losing ground relative to Bitcoin regardless of dollar-denominated price action. For a credible recovery in the ratio, XRP would need to reclaim the 2,000 sats level at minimum; there is currently no technical evidence on this chart that such a move is imminent.
Overall, April ended with XRP losing the mid-month gains and resetting the technical backdrop. Traders should watch the $1.20 floor on the USDT chart and the 1,800 sats support on the BTC chart—daily closes beneath those levels would suggest deeper downside risk, while reclaiming the key moving averages would be necessary to argue for renewed bullish momentum.