XRP price forms a symmetrical triangle as the daily MACD turns bullish

XRP was trading at $1.3575 on April 14, down 1.32% over the day, as the token’s daily chart tightens into a symmetrical triangle converging toward its apex. The move is accompanied by a daily MACD bullish crossover, with the histogram turning positive for the first time in weeks, adding momentum confirmation to a consolidation that has been compressing since early March.

Symmetrical triangle compresses price action

The symmetrical triangle on the daily chart reflects market indecision since March. Sellers have been unable to push XRP below the ascending lower trendline, while buyers have not broken through the descending upper trendline. The upper line connects February highs above $1.60, and the lower line runs from March lows around $1.20. With each successive high lower and each successive low higher, the range has narrowed toward a convergence point at the current price level.

Overhead resistance is reinforced by the moving-average “ribbon” sitting above price: SMA 20 at $1.3398, SMA 50 at $1.3792, SMA 100 at $1.5625, and SMA 200 at $1.9222.

MACD bullish crossover at the apex

On the daily timeframe, the MACD (12,26,9) produced a bullish crossover. The MACD line crossed above the signal line, with the histogram reading +0.0060, a positive print for the first time in weeks. While both MACD and the signal remain below zero—indicating the broader trend is still bearish—the crossover within the triangle is described as the most constructive short-term momentum signal during the current consolidation.

Key levels: support, resistance, and targets

Immediate support: SMA 20 at $1.3398. A daily close below $1.3398 would signal that the SMA is no longer acting as a floor and would bring the lower triangle trendline near $1.30 into focus.

First resistance / breakout trigger: SMA 50 at $1.3792. A daily close above $1.3792 would confirm a triangle breakout.

Upside targets: A confirmed breakout above $1.3792 would open $1.5625 as the next resistance level (where SMA 100 sits). The extended bull case points to $1.9222, aligned with SMA 200 and the last major overhead reference before the February highs.

Downside levels: A daily close below the lower trendline near $1.30 would break the triangle structure and expose $1.20 as the next support.

Invalidation level

The bull case is invalidated by a daily close below $1.30, which would break the symmetrical triangle structure.

On-chain and market data context

Coinglass data shows XRP perpetual futures open interest fell sharply from a July 2025 peak of $10.94 billion to approximately $2.45 billion currently, indicating significant deleveraging over the past nine months. The reduction in open interest is described as lowering the risk of a liquidation-driven breakdown and supporting a cleaner technical setup for a potential breakout.

Separately, XRP ETF inflows recorded approximately $3.3 million in net inflows on April 12, outperforming Bitcoin and Ethereum ETFs on the same session despite broader risk-off conditions.

Potential catalyst and near-term outlook

The SEC CLARITY Act roundtable scheduled for April 16 is flagged as a near-term catalyst that could introduce directional volatility for XRP. The bill would establish XRP’s digital commodity status as permanent federal law and is expected to dominate market commentary ahead of the session.

If XRP holds above $1.3398 on a daily close basis and the MACD histogram continues to expand, the next near-term focus is a test of the triangle’s upper trendline and SMA 50 at $1.3792. A confirmed breakout above $1.3792 would then set up $1.5625 as the next target.