XRP holds $1.48–$1.50 breakout after $120M ETF inflows
XRP traded at $1.50 after peaking at $1.511 on April 17, 2026, holding above the $1.48–$1.50 breakout zone amid nearly $120 million in weekly spot ETF inflows and eased Strait of Hormuz tensions.
At 10:44 a.m. on April 17, 2026, XRP traded at $1.50 after an intraday high of $1.511, leaving the token about 3.5% higher over the prior few hours and 6.87% higher over 24 hours.
The price remained above the $1.48–$1.50 breakout zone on Bitstamp. On the four‑hour chart, XRP moved from a period of consolidation into upward expansion after clearing the $1.45 level. Recent candles showed a sequence of higher highs and higher lows. Volume increased during the breakout and stayed elevated as the rally progressed.
Market developments included a temporary ceasefire and the reopening of the Strait of Hormuz, which coincided with a decline in oil prices. Institutional activity rose, with weekly spot exchange‑traded fund inflows approaching $120 million and increased positioning ahead of potential regulatory guidance tied to the CLARITY Act.
On the adoption front, Rakuten Wallet added XRP access for its roughly 44 million users. Ripple’s partnership with Kyobo Life in South Korea showed further commercial expansion linked to cross‑border payment services.
Technical indicators on April 17 showed elevated momentum levels. The Relative Strength Index stood at 75.77. The Moving Average Convergence Divergence had the MACD line at 0.02943 above the signal line at 0.02219, with a histogram of 0.00724. XRP traded above its 14‑ and 21‑period simple moving averages at $1.42268 and $1.40311. Bollinger Bands were wider, with an upper band at $1.48583 and a lower band at $1.32383, and price moved above the upper band.
A sustained trade above the $1.48–$1.50 area and a move above $1.51094 would mark further extension of the current advance. Market participants are watching volume and momentum indicators for any reversal signals that could precede profit‑taking or consolidation.
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