XRP eyes recovery as SuperTrend indicator turns bullish, says analyst

XRP, the native digital asset of the XRP Ledger, flashed its first bullish technical signal in three months.

According to on-chain analyst Ali, the SuperTrend indicator on XRP’s daily chart flipped to a buy signal on April 18, ending a stretch of sustained selling pressure that began in mid-January.

A rough start to the year

XRP fell about 27% in the first quarter of 2026, dropping from roughly $2.4 in January to a low near $1.16, marking its worst quarterly performance in eight years.

The asset was trading at $1.44 at press time, down about 3% in the last 24 hours, per CoinGecko. It still sits over 60% below its record high of $3.6 reached last July.

XRP continues to struggle around the $1.55 mark, which has repeatedly capped gains in recent weeks. Ali noted that a sustained break above it would expose upside toward $1.9, about 30% above current levels.

Wrapped XRP is now live on Solana

XRP holders can now participate in trading, yield generation, and liquidity provision on Solana without selling their assets, after wrapped XRP (wXRP) went live on the blockchain on April 17.

The rollout bridges XRP into Solana’s high-speed DeFi environment, integrating with apps like Jupiter, Titan, Phantom, Meteora, and Byreal through Hex Trust and LayerZero infrastructure.

wXRP is fully collateralized 1:1 with XRP held in custody and remains redeemable at any time, maintaining peg stability while unlocking new utility outside the XRP Ledger.

Ripple CEO Brad Garlinghouse said the expansion reflects rising demand and an ongoing push into multi-chain ecosystems.

Two production-level partnerships in Asia

XRP has recently seen a utility boost following two new partnerships unveiled earlier this week.

Rakuten brought XRP into its e-commerce and fintech ecosystem in Japan, opening access to an estimated 44 million users across five million stores.

Separately, Kyobo Life Insurance in South Korea partnered with Ripple to digitize government bond settlement on blockchain, advancing production use cases in two of Asia’s largest economies.