Key Insights:
- XRP remains below SAR resistance at $1.3789 as the wedge apex passes without a breakout, keeping the daily trend under pressure.
- ETF inflows return with $9.09M on April 10, signaling recovery, while derivatives show reduced conviction across both long and short positions.
- Monthly charts project higher targets, but the daily structure must shift first, with $1.28 support and $1.15 as critical downside levels.
XRP Holds Below Resistance
XRP traded at $1.3471 on April 11, slipping slightly as the price remained capped below key resistance. The descending wedge structure reached its apex without a breakout, leaving the trend unchanged. However, price action continues to hover under the Parabolic SAR at $1.3789, keeping bullish confirmation out of reach.
The daily chart shows XRP below both the SAR and the Supertrend at $1.4681, reflecting continued pressure. Besides, neither indicator has flipped to a bullish signal, which limits upside momentum. Consequently, the market remains in a holding pattern as traders wait for a clear directional move.
Support Levels Remain Critical
The rising wedge floor between $1.28 and $1.30 continues to hold as near-term support. However, a breakdown below this zone would expose the February low at $1.15. Moreover, failure to defend that level could open the path toward the psychological $1.00 mark.
A daily close above $1.3789 remains the minimum trigger for a shift in trend direction. Hence, a move beyond this level would bring the Supertrend resistance at $1.4681 into focus. Additionally, supply zones at $1.80 and $2.40 continue to reject rallies, limiting recovery attempts since late 2025.
Monthly Structure Suggests Larger Move
Long-term charts present a different outlook as XRP forms a multi-year compression pattern. Significantly, analysts identify an ascending triangle developing since 2018, suggesting a larger breakout may be forming. The measured move targets range from $4 to $7 in the near cycle, with higher projections extending beyond.
Spot ETF data showed renewed inflows of $9.09 million on April 10, reversing the prior session’s outflow. Bitwise led the inflows, while Franklin added smaller contributions. Moreover, total assets under management approached $968 million, indicating steady but cautious institutional interest.
Derivatives Reflect Neutral Sentiment
Derivatives data points to reduced conviction as trading volume dropped sharply while open interest edged higher. However, the long-to-short ratio leaned slightly bearish, even as major exchanges showed strong long positioning. Consequently, liquidation data revealed a narrowing gap, signaling a balanced market stance.
Options open interest increased, indicating traders are preparing for a larger move despite current stagnation. Besides, the lack of strong directional bias keeps XRP confined within a tight range. The market now focuses on whether resistance breaks or support gives way in the coming sessions.
