XRP Leads Crypto Market with Weekly Gains, Can It Maintain Momentum Next Week?

BroadChain has learned that at 05:16 on April 20, according to CryptoNews, XRP broke through the $1.40 range strongly this week, recording the strongest weekly gain among major cryptocurrencies, with the market still holding a bullish outlook for its performance next week. The token climbed to $1.45 at one point this week before encountering resistance and pulling back. Its upward movement showed a controlled and steady climb, suggesting accumulation of funds, but trading volume was about 70% of the weekly average, limiting the certainty of the rise. XRP outperformed Bitcoin and Ethereum over the past seven days, with its relative strength being significant, but volume support remains to be observed. Macro headwinds persist, with the FOMC meeting on April 28-29 approaching, and the expiration of $14.16 billion in quarterly options on Deribit previously pushed XRP below $1.30. Technically, XRP is trading above the 50-day EMA ($1.40), with the RSI in a neutral position, and the price is approaching the lower Bollinger Band, indicating consolidation before a directional breakout. The key resistance range is between $1.40 and $1.50. If it can effectively break through $1.50, it may open a path toward the analyst target of $1.60. Near-term support lies at $1.28-$1.32, with a critical bottom at $1.25. If XRP can break through $1.44 with increased volume and the FOMC results alleviate macro pressure, the price could advance toward $1.60 under favorable conditions. The review of the CLARITY Act in late April and any progress on a ceasefire in Iran could serve as binary catalysts. Meanwhile, market funds are seeking early-stage infrastructure projects with more catalysts, such as Bitcoin Hyper, which has raised $32 million through its presale. The project is positioned as the first Bitcoin Layer 2 integrating the Solana Virtual Machine (SVM), with a current presale price of $0.0136.