XRP Maintains Leadership Amid Macro Headwinds

XRP has experienced its strongest weekly gain among major cryptocurrencies, reaching $1.45 before being capped by resistance. The token's rally was characterized as a controlled grind higher, pointing to accumulation rather than sharp spikes in price. However, the volume accompanying this move was approximately 70% of the weekly average, which may limit the conviction behind the increase.

XRP outperformed both bitcoin and ether over the same seven-day window, indicating relative strength. Nevertheless, the volume support for this performance is notable. Macro headwinds remain, including a FOMC meeting scheduled for April 28-29, which could potentially impact XRP's price. Additionally, $14.16 billion in quarterly options expiry on Deribit has recently put pressure on the token below $1.30 before its recovery.

The key resistance cluster for XRP runs from $1.40 to $1.50, with a clean break above this level potentially opening the path towards analyst targets in the $1.60 range. However, near-term support holds at lower levels, particularly between $1.28 and $1.32, with the critical floor at $1.25.