The post XRP Price Prediction: Falling Wedge Breakout Fuels Rally Toward $1.42 Resistance Zone appeared on BitcoinEthereumNews.com.

A fresh technical breakout is drawing renewed attention to XRP, as short-term momentum begins to shift in favor of buyers. The XRP price today is hovering near $1.35, showing modest intraday gains while traders assess whether the latest move can extend toward higher resistance zones. Despite a broader backdrop of mixed indicators, recent chart activity suggests that Ripple XRP may be attempting a short-term recovery after weeks of consolidation. Breakout Structure Signals Short-Term Strength in XRP Price According to analysis shared by @alphacryptosign on April 6, XRP has broken above a descending trendline following a period of tight range-bound trading. This pattern, often associated with bullish reversals, indicates a potential change in short-term market structure.   XRP confirms a bullish shift after a wedge breakout, holding support and targeting the $1.38–$1.42 zone on rising momentum. Source: @alphacryptosign via X The analyst noted that the asset is now “holding above the breakout zone, which flips into support,” adding that as long as this level remains intact, “continuation is likely toward 1.38–1.42 resistance.” This move is supported by a visible increase in trading activity and momentum. A falling wedge breakout on the 4-hour chart further reinforces the bullish case, as such formations typically precede upward price expansion when confirmed by volume. XRP Price Today Faces Key Resistance Levels At the time of writing, the current XRP price stands around $1.35, reflecting over a 4% daily gain. Immediate resistance is seen between $1.37 and $1.38, which aligns with a previous structure high and may act as a near-term profit-taking zone.   XRP breaks out of a descending trendline after consolidation, with strong momentum targeting $1.37–$1.38 and potentially $1.41–$1.42. Source: RSI_Trading_point on TradingView Beyond that, the primary upside target sits between $1.41 and $1.42. This range coincides with a broader resistance cluster and a…

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Filed under: News - @ April 6, 2026 3:29 pm