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Home»Analysis»Will XRP price break out of its descending wedge
Analysis

Will XRP price break out of its descending wedge

April 4, 2026No Comments
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Le XRP se comprime au sommet d’un biseau descendant à 1,3157 $ après des mois de hauts et de bas plus bas, la ligne de signal MACD 4H passant juste en territoire positif pour la première fois depuis février – un signe que l’élan baissier pourrait être sur le point de s’épuiser avant ce qui pourrait être la clôture de bougie la plus conséquente du modèle.

Summary

  • XRP is trading at $1.3157, pressing against the top of a falling wedge pattern visible on both the daily and 4H charts, with the daily Supertrend bearish at $1.4894.
  • The daily MACD histogram stands at -0.0222, while on the 4H chart the signal line has just crossed the positive territory slightly, signaling that the bearish momentum is about to exhaust before the resolution of the wedge.
  • A confirmed daily close above $1.47 targets $1.50 and a potential challenge at $1.60, while a break below $1.27 risks an acceleration towards $1.14.

XRP (XRP) is trading at $1.3157 on April 3, 2026, down 0.33% on the day and compressing near the top of a descending wedge pattern that has formed on the daily and 4-hour time frames since February. The Supertrend indicator on the daily chart sits at $1.4894, red above the price, confirming the current bearish regime. Yet the formation itself is a structure that technical analysts typically associate with bullish reversal potential when it emerges at the end of an extended downtrend, provided the lower trendline holds.

On the daily chart, two converging trend lines are clearly visible: a descending upper resistance line and a slightly ascending lower support line. The price at $1.3157 is nearing the top, with the most recent daily low printed at $1.3033. The daily MACD shows a histogram of -0.0222, with the MACD line at -0.0287 below the signal at -0.0065. The reading remains bearish, but the histogram has contracted, a sign that the selling pressure is gradually fading.

Will XRP price break out of its falling wedge at $1.31 as bearish momentum nears exhaustion? - 1

On the 4H chart, the same wedge structure is intact. The upper descending trendline aligns with the 4H supertrend at $1.3586, and the lower ascending trendline has provided support on every test since early February. Critically, the 4H signal line has moved slightly into positive territory at 0.0002, while the MACD line at -0.0069 is approaching zero from below. A full bullish crossover in the MACD has not yet occurred, but convergence toward zero is an early signal of bearish exhaustion.

Key levels, price targets and invalidation

Bullish case: A daily close above falling wedge resistance near $1.47 would confirm the breakout, initially targeting $1.4894, the Supertrend level, then $1.50. Above this figure, $1.60 constitutes the key structural area where the broader descending channel from July 2025 would be significantly challenged. Technical analyst Ali Martinez noted on

Bearish case: A daily close below $1.27 would break wedge support and expose XRP to $1.14, the conservative channel breakout target. A dense supply cluster of approximately 19.6 million XRP is concentrated between $1.27 and $1.28, per Coinglass cost base data, making it the most critical demand zone to defend.

Invalidation of the bullish case: a daily close below $1.27. Invalidation of the bearish case: a daily close above $1.47.

On-Chain Context and Derivatives

Monthly inflows into U.S. spot XRP ETFs turned negative in March 2026 for the first time since the products launched in November 2025, according to SoSoValue data, removing a buy-side structural catalyst that had supported prices through the first quarter. XRP open interest across all exchanges now stands at nearly $2.45 billion, down approximately 73% from the September 2025 peak, as detailed in previous crypto.news coverage.

Funding rates have risen to 0.008%, suggesting new long positions are approaching current levels. However, the cohort of six-to-twelve-month holders began reducing their positions since March 27, reducing a layer of structural support precisely as the wedge peaks.

As crypto.news has covered, recovery attempts have repeatedly stalled below descending resistance, and the trend remains intact until buyers produce a decisive daily close above the wedge’s upper trendline. With the 4H signal line at zero and the top approaching, the next directional candle carries an inordinate amount of weight.



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