Will XRP price break from its descending wedge at $1.31 as bearish momentum approaches exhaustion?

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Will XRP price break from its descending wedge at $1.31 as bearish momentum approaches exhaustion?

cryptonews04-04 09:00

XRP is compressing into the apex of a descending wedge at $1.3157 after months of lower highs and lower lows, with the 4H MACD signal line just crossing into positive territory for the first time ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill XRP price break from its descending wedge at $1.31 as bearish momentum approaches exhaustion?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-04 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/will-xrp-price-break-from-its-descending-wedge/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>XRP is compressing into the apex of a descending wedge at $1.3157 after months of lower highs and lower lows, with the 4H MACD signal line just crossing into positive territory for the first time ...</p>\n\n<a href=\"https://crypto.news/will-xrp-price-break-from-its-descending-wedge/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XRPC","symbol_name":"Canary XRP ETF","start_time":0,"source_url":"https://crypto.news/will-xrp-price-break-from-its-descending-wedge/","article_id":"2624693946","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/will-xrp-price-break-from-its-descending-wedge/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2624693946","pubTimestamp":1775264400,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"XRP is compressing into the apex of a descending wedge at $1.3157 after months of lower highs and lower lows, with the 4H MACD signal line just crossing into positive territory for the first time since February — a sign that bearish momentum may be approaching exhaustion ahead of what could be the pattern’s most consequential candle close.XRP is trading at $1.3157, pressing against the apex of a descending wedge pattern visible on both the daily and 4H charts, with the daily Supertrend bearish at $1.4894.Bull case: a daily close above the descending wedge resistance near $1.47 would confirm the breakout, initially targeting $1.4894, the Supertrend level, then $1.50. Above that, $1.60 is the key structural zone where the broader descending channel from July 2025 would be meaningfully challenged. Technical analyst Ali Martinez noted on X  that XRP “could offer a short-term buying opportunity” within its multi-year ascending triangle structure at current levels, though he also identified ","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"XRPC":"Canary XRP ETF","XRP":"Bitwise XRP ETF","XRPZ":"Franklin XRP ETF","XRPT":"2倍杠杆XRP ETF-Volatility Shares","UXRP":"Proshares Ultra XRP ETF","XXRP":"2倍做多XRP ETF-Teucrium","BITW":"Bitwise 10 Crypto Index ETF","TOXR":"21shares XRP ETF","XRPI":"1倍XRP ETF-Volatility Shares"},"translate_title":"随着看跌势头接近耗尽，XRP价格会突破1.31美元的下降楔形吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITW":1.5,"XRPZ":1.5,"TOXR":1.5,"XRPT":1.5,"XRPC":1.5,"UXRP":1.5,"XRP":1.5,"XXRP":1.5,"XRPI":1.5},"content_text":"XRP is compressing into the apex of a descending wedge at $1.3157 after months of lower highs and lower lows, with the 4H MACD signal line just crossing into positive territory for the first time since February — a sign that bearish momentum may be approaching exhaustion ahead of what could be the pattern’s most consequential candle close.\n\n\nSummary\n\n\n\nXRP is trading at $1.3157, pressing against the apex of a descending wedge pattern visible on both the daily and 4H charts, with the daily Supertrend bearish at $1.4894.\nThe daily MACD histogram stands at -0.0222, while on the 4H chart the signal line has just crossed marginally into positive territory, signalling that bearish momentum is approaching exhaustion ahead of the wedge resolution.\nA confirmed daily close above $1.47 targets $1.50 and a potential challenge of $1.60, while a break below $1.27 risks an acceleration toward $1.14.\n\n\n\nXRP (XRP) is trading at $1.3157 on April 3, 2026, down 0.33% on the day and compressing near the apex of a descending wedge pattern that has formed across both the daily and 4H timeframes since February. The Supertrend indicator on the daily chart sits at $1.4894, in red above price, confirming the prevailing 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 a prolonged downtrend, provided the lower trendline holds.\nDescending Wedge at the Apex\nOn the daily chart, two converging trendlines are clearly visible: a descending upper resistance line and a slightly rising lower support line. Price at $1.3157 is nearing the apex, 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 been contracting, a sign that selling pressure is gradually fading.\n\nOn the 4H chart, the same wedge structure is intact. The upper descending trendline aligns with the 4H Supertrend at $1.3586, and the lower rising trendline has provided support on each test since early February. Critically, the 4H signal line has crossed marginally into positive territory at 0.0002, while the MACD line at -0.0069 is approaching zero from below. A full bullish MACD crossover has not yet occurred, but the convergence at near-zero is an early signal of bearish exhaustion.\nKey Levels, Price Targets, and Invalidation\nBull case: a daily close above the descending wedge resistance near $1.47 would confirm the breakout, initially targeting $1.4894, the Supertrend level, then $1.50. Above that, $1.60 is the key structural zone where the broader descending channel from July 2025 would be meaningfully challenged. Technical analyst Ali Martinez noted on X (formerly Twitter) that XRP “could offer a short-term buying opportunity” within its multi-year ascending triangle structure at current levels, though he also identified a potential further decline of approximately 30% before a sustained long-term recovery becomes likely.\nBear case: a daily close below $1.27 would break the wedge support and expose XRP to $1.14, the conservative channel breakdown target. A dense supply cluster of approximately 19.6 million XRP is concentrated between $1.27 and $1.28, per Coinglass cost-basis data, making this the most critical demand zone to defend.\nInvalidation of the bull case: a daily close below $1.27. Invalidation of the bear case: a daily close above $1.47.\nOn-Chain and Derivatives Context\nU.S. spot XRP ETF monthly inflows turned negative in March 2026 for the first time since the products launched in November 2025, according to SoSoValue data, removing a structural buy-side catalyst that had underpinned price through Q1. XRP open interest across all exchanges now sits near $2.45 billion, down approximately 73% from the September 2025 peak, as detailed in prior crypto.news coverage.\nFunding rates have shifted to a positive 0.008%, suggesting fresh long positions are entering near current levels. However, the six-to-twelve month holder cohort has begun trimming positions since March 27, reducing a layer of structural support precisely as the wedge reaches its apex.\nAs crypto.news has covered, recovery attempts have repeatedly stalled below descending resistance, and the pattern remains intact until buyers produce a decisive daily close above the wedge’s upper trendline. With the 4H signal line at zero and the apex approaching, the next directional candle carries outsized weight.\n\n\n\n\n\n                Read more:\n            \n\n                Is Bitcoin price forming a bear flag at $66,900 as its daily MACD reaches its deepest negative reading in months?","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}