The post XRP Price Prediction: XRP Hits Wedge Apex As Bulls Eye $1.35 Breakout Trigger appeared on BitcoinEthereumNews.com. XRP trades at $1.3325, down 0.76%, insideThe post XRP Price Prediction: XRP Hits Wedge Apex As Bulls Eye $1.35 Breakout Trigger appeared on BitcoinEthereumNews.com. XRP trades at $1.3325, down 0.76%, inside

XRP Price Prediction: XRP Hits Wedge Apex As Bulls Eye $1.35 Breakout Trigger

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  • XRP trades at $1.3325, down 0.76%, inside a descending wedge apex arriving this week with the Supertrend at $1.4681 overhead.
  • XRP spot ETFs hold $950.14M in total net assets and $1.21B in cumulative inflows, with zero net inflow recorded on April 8.
  • Only 0.03% of XRP supply sits in dormant exposed accounts, making XRP significantly safer than Bitcoin against quantum threats.

XRP trades at $1.3325 on April 9, down 0.76%, with the descending wedge that has been compressing price since October now approaching its apex and forcing a resolution this week. A daily close above $1.35 breaks the upper boundary and opens the first move toward $1.46.

XRP Daily Chart: Wedge Apex Arrives This Week

XRP Daily Price Action (Source: TradingView)

The descending wedge from the October peak near $3.20 has been tightening since then, with the upper boundary sloping down and the lower boundary rising from the February low near $1.20. Both lines meet this week. Price has to go somewhere.

Four EMAs stack bearishly above. The 20-day at $1.3547, 50-day at $1.4173, 100-day at $1.5767, and 200-day at $1.8348 sit overhead in descending order, with the Supertrend at $1.4681 wedged between the 50 and 100-day. Not a single one has been cleared since October. A close above $1.35 breaks the wedge and the 20-day EMA at once, which is exactly why that level is the trigger. The wedge floor at $1.28 to $1.30 is the last line before the February low at $1.20.

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Meanwhile, XRP spot ETFs hold $950.14M in total net assets across five products, with cumulative inflows sitting at $1.21B. April 8 recorded zero net inflow after a $3.32M inflow day on April 7. 

Key levels for April 10:

  • Wedge breakout trigger: $1.35
  • 20-day EMA: $1.3547
  • 50-day EMA: $1.4173
  • Supertrend: $1.4681
  • 100-day EMA: $1.5767
  • 200-day EMA: $1.8348
  • Wedge floor: $1.28 to $1.30
  • February low: $1.20
  • Supply zones: $2.40 and $3.20

XRP Derivatives: Longs Taking Pain But OI Stays Elevated

XRP Derivatives Data (Source: Coinglass)

Volume fell 21.61% to $3.10B and OI dropped 6.72% to $2.37B. Both falling together means traders are closing positions. The long/short ratio sits at 0.9547, slightly short-biased overall, but Binance accounts lean heavily long at 2.4141 and OKX at 1.88.

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Longs took $2.08M in liquidations over 24 hours against $211.83K for shorts. Buyers keep getting stopped out at the wedge boundary. Options OI bucked the trend, rising 2.12% to $43.87M, reflecting growing interest in directional bets as the apex closes in. OI at $2.37B is still well above pre-rally levels, unlike smaller assets where leverage has been almost fully wiped out.

Why XRP Is Safer Than Bitcoin Against A Quantum Attack?

Analyst Vet ran a quantum vulnerability check on XRP and found roughly 300,000 accounts holding 2.4B XRP have never transacted, keeping their public keys hidden and quantum safe. Only two dormant accounts with 21M XRP combined have exposed public keys, just 0.03% of total supply. Active accounts carry exposed keys but can rotate them when needed.

Bitcoin’s exposure is a different story. Satoshi’s dormant holdings and legacy P2PK addresses leave a far larger share of supply vulnerable. XRP’s near-zero dormant whale problem means a quantum threat hits the network with far less consequence than it would Bitcoin.

XRP Price Prediction: April 10 Outlook

  • Upside: Daily close above $1.35 breaks the wedge and clears the 20-day EMA simultaneously. Supertrend at $1.4681 is the first real test, with $1.57 as the next target if that flips. ETF inflows returning above $3M per day add institutional weight to the move.
  • Downside: Apex passes without a breakout, price slips under the wedge floor at $1.28 to $1.30, and the February low at $1.20 becomes the next stop. A break below $1.20 with the full EMA stack still overhead leaves no technical support until $1.00.

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Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source: https://coinedition.com/xrp-price-prediction-xrp-hits-wedge-apex-as-bulls-eye-1-35-breakout-trigger/

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