{"id":25938,"date":"2026-04-15T12:45:18","date_gmt":"2026-04-15T12:45:18","guid":{"rendered":"https:\/\/bitunikey.com\/news\/can-xrp-price-reclaim-1-50-mark-as-it-edges-towards-a-bullish-triangle-breakout\/"},"modified":"2026-04-15T12:45:24","modified_gmt":"2026-04-15T12:45:24","slug":"can-xrp-price-reclaim-1-50-mark-as-it-edges-towards-a-bullish-triangle-breakout","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/can-xrp-price-reclaim-1-50-mark-as-it-edges-towards-a-bullish-triangle-breakout\/","title":{"rendered":"Can XRP price reclaim $1.50 mark as it edges towards a bullish triangle breakout?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XRP price has been trading within the consolidation zone of $1.20 to $1.40 for nearly 4 weeks as demand for the token faltered amid war tensions.<\/p>\n<div id=\"cn-block-summary-block_dec62c7b7be64e435241914dd48eb05e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>XRP traded within a $1.20\u2013$1.40 range for nearly four weeks, recently rising to $1.39 as broader market sentiment improved amid easing geopolitical tensions.<\/li>\n<li>Futures open interest dropped sharply to $2.48 billion from over $9 billion, indicating reduced speculative activity and a potential reset in market positioning.<\/li>\n<li>A symmetrical triangle pattern and bullish indicators, including a MACD crossover and RSI divergence, point to a possible breakout toward $1.50, with further upside toward $1.80 if confirmed.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, XRP (XRP) price rose to a two-week high of $1.39 on Tuesday before stabilizing near $1.36 at the time of writing. The token rebounded amid a broader crypto market rally as reports signalled a potential de-escalation in the U.S.-Iran war, as the latter has signaled its readiness to negotiate a new deal to end the conflict and stabilize regional trade.<\/p>\n<p>Previously, investors\u2019 concerns surrounding the Middle East war deteriorated investor demand for risk assets, including XRP, which had fallen nearly 25% since the war began.\u00a0<\/p>\n<p>Demand for the token across leveraged markets has also cooled significantly. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/XRP\/futures\" target=\"_blank\">Data<\/a> from CoinGlass shows that the total open interest for XRP futures stood at $2.48 billion at press time, significantly lower than over $9 billion seen in early October.<\/p>\n<p>Such a sharp decline in open interest suggests that speculative excess has been washed out, potentially leaving a cleaner path for a recovery.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Despite this subdued activity, a separate bullish signal comes from looking at the XRP daily chart. Notably, XRP price action has been forming a symmetrical triangle pattern formed of two converging trendlines.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">XRP price has formed a symmetrical triangle pattern on the daily chart \u2014 April 15 | Source: crypto.news<\/figcaption><\/figure>\n<p>A breakout from the upper side of the pattern could signal a strong resumption of the uptrend, while a break below the lower boundary would likely indicate further weakness.\u00a0<\/p>\n<p>At press time, XRP price is attempting a bullish breakout from the pattern. Once confirmed, this could trigger a 30% rally as volatility expands from the current apex.<\/p>\n<p>Technical indicators seem to support a bullish outlook in the short term. Notably, the MACD lines have formed a bullish crossover, a sign that buying momentum is starting to outweigh selling pressure.<\/p>\n<p>Additionally, the daily RSI has formed a bullish divergence with XRP price. This means the underlying strength is building even as the price remains relatively flat, often a precursor to a major move up.\u00a0<\/p>\n<p>As such, XRP price appears positioned for a potential rebound to the $1.50 psychological resistance next. A decisive move over this level would mark the next leg up toward the $1.80 range.<\/p>\n<p>However, if XRP price loses the $1.20 support, it could slide back to $1.00 as the bearish trend resumes.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP price has been trading within the consolidation zone of $1.20 to $1.40 for nearly 4 weeks as demand for the token faltered amid war tensions. Summary XRP traded within&hellip;<\/p>\n","protected":false},"author":1,"featured_media":16272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=25938"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25938\/revisions"}],"predecessor-version":[{"id":25939,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25938\/revisions\/25939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/16272"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=25938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=25938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=25938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}