XRP technical bullishness flagged

A chart calling for XRP near $5.40 is getting attention while XRP itself is trading around $1.35, which means the target is roughly 4 times the current price if the setup plays out. CoinMarketCap showed XRP closing at $1.3566 on April 10, 2026, and CoinGecko put its market value near $83 billion on April 11, 2026. (coinmarketcap.com) (coingecko.com) The chart making the rounds came from Celal Kucuker on X, and the pitch is a weekly setup rather than a fast trade. “Weekly” means each candle covers 7 days, so the call is about a multi-month trend, not what happens by Tuesday afternoon. (x.com) The first piece of the argument is support, which is a price area where buyers have stepped in before. Traders treat support like a floor in an apartment building: if the floor keeps holding, they start asking how many floors are above it. (investopedia.com) The specific support on this chart is a midline, which is the center of a larger price channel drawn across a long trend. If price keeps bouncing from that middle guide instead of falling through it, chart watchers read that as a sign that the broader structure is still intact. (investopedia.com) The second piece is the Moving Average Convergence Divergence indicator, usually shortened to MACD after traders already know the full name. StockCharts explains that it compares a shorter moving average with a longer one to show whether momentum is accelerating or fading. (stockcharts.com) A MACD reversal is basically the speedometer turning up before the car is obviously moving much faster. On a weekly chart, traders look for that turn because it can suggest that selling pressure is weakening before price has fully broken out. (stockcharts.com) Put those two pieces together and you get the bullish thesis: price is sitting on a structural floor while momentum starts to improve. That combination is why a target like $5.40 can appear on a chart even when spot price is still in the low $1s. (x.com) (stockcharts.com) The reason XRP charts get outsized attention is that XRP is not some tiny token with a $300 million market cap. At roughly $83 billion, it is one of the largest crypto assets, so a move from about $1.35 to $5.40 would imply hundreds of billions of dollars in added market value. (coingecko.com) (coinmarketcap.com) There is also a legal backdrop behind every XRP trade. The United States Securities and Exchange Commission said on May 8, 2025 that it had filed a settlement agreement with Ripple Labs and two executives to resolve the civil enforcement case first filed in December 2020. (sec.gov) That does not prove the $5.40 target, and charts never do. It just explains why one picture spread so fast: a large-cap coin, a cleaner legal overhang than in prior years, a weekly support line still holding, and a momentum gauge trying to turn up from a depressed price zone. (sec.gov) (stockcharts.com)