XRP is currently navigating a significant phase, trading within a large 9-year ascending triangle on its monthly chart. Notably, the options volume has surged dramatically, showing an increase of 215.78%, now totaling $3.76 million.
Since 2017, XRP has followed a consistent pattern: it tends to hit the upper resistance levels, get rejected, and subsequently retrace to establish a floor at the rising trendline. Recently, after facing rejection in August 2025, analyst Ali Charts is closely monitoring the macro support area between $0.75 and $0.80. He identifies this zone as a prime “buy the dip” opportunity ahead of the triangle reaching its apex. According to Ali, historical trends suggest that when a lengthy consolidation period like this one finally breaks, the ensuing price movement could be monumental.
In addition, XRP Ledger is set to take the spotlight at the upcoming Paris Blockchain Week. On April 15, Markus Infanger, the Senior Vice President of RippleX at Ripple, will engage in a fireside chat discussing the evolution of blockchain from a mere asset class to becoming fundamental market infrastructure. The session aims to illuminate how various organizations are beginning to view blockchain technology as an essential tool for enhancing financial processes, rather than simply seeing it as a speculative investment. Infanger will emphasize the practical applications of the XRP Ledger in real-world financial scenarios.
The surge in options volume indicates that there is considerable anticipation of a significant market movement. The Long/Short ratio on Binance is currently at 2.59, suggesting that top traders are maintaining a 2.81x long bias. Furthermore, the Open Interest remains robust at $2.42 billion, with the OI chart indicating that XRP continues to trade at levels well above its pre-2025 baseline.
As for XRP’s price prediction leading up to April 13, the coin is experiencing minimal change, up just 0.1%. In addition to the extensive 9-year triangle formation, a large descending triangle has been developing since the peak in July 2025. Currently, XRP’s price is positioned right at the apex, where the upper descending trendline intersects with horizontal support around $1.30. Historically, such compression points typically lead to sharp price movements, suggesting that the buildup in recent months could result in a substantial move.
In terms of immediate resistance, the Bollinger Bands midline is positioned at $1.3399, with the upper band signaling a target of $1.3871. Meanwhile, the Relative Strength Index (RSI) stands at 43.20, indicating a neutral-to-bearish sentiment but also showing early signs of a possible upward trend.
