XRP Surges Above $1.40 on High Volume May 4

XRP surged above $1.40 in early Asian trading on May 4, 2026, hitting a high of $1.4148 amid a sharp increase in trading volume as broader cryptocurrency markets advanced alongside Bitcoin.

The token, which had traded in a tight range between $1.35 and $1.45 for weeks, broke through the $1.40 resistance level on elevated volume that analysts described as indicative of genuine market participation rather than low-liquidity movement. It later consolidated between $1.4040 and $1.4060, remaining above both the $1.40 mark and its 100-hour simple moving average. A bullish trendline formed on the hourly chart, with support near $1.3920 and higher lows signaling underlying buying pressure.

Traders now view $1.40 as a pivotal level. Holding above it could preserve the breakout structure, targeting resistance at $1.420, followed by $1.435 and $1.450. A failure to maintain that support might lead to a retreat toward $1.3880 or $1.380, aligning with the 50% Fibonacci retracement of the recent upmove. Hourly technical indicators supported the upside, with the MACD showing bullish momentum and the RSI above 50.

Crypto analyst CW highlighted significant net long-position buying in XRP, the...