XRP is trading inside a massive 9-year ascending triangle on the monthly chart, with options volume surging 215.78% to $3.76 million, signaling potential for a major price move.
The 9-Year Ascending Triangle
Since 2017, the pattern has repeated: XRP hits the upper resistance, gets rejected, and retraces to find support at the rising trendline. After the recent August 2025 rejection, analysts like Ali Charts are watching for a retest of the macro support between $0.75 and $0.80. This zone is viewed as a key "buy the dip" opportunity before the triangle reaches its apex. Ali Charts noted on X: "When a 9-year consolidation finally breaks, the move is usually historic."
The Paris Blockchain Week
XRP Ledger is set to take center stage at the Paris Blockchain Week. On April 15, Markus Infanger, SVP of RippleX at Ripple, will participate in a fireside chat focusing on blockchain's evolution from an asset class to core market infrastructure. The session will explore how organizations are leveraging blockchain to enhance financial processes, with Infanger highlighting real-life deployments of the XRP Ledger.
The Options Explosion
Options volume has exploded by 215.78% to $3.76 million, indicating that traders are positioning for a significant move. The Long/Short ratio on Binance stands at 2.59, with top traders showing a 2.81x long bias. Open Interest remains substantial at $2.42 billion, with XRP holding levels well above its pre-2025 baseline.
XRP Price Prediction for April 13
XRP is showing minimal movement today, up just 0.1%. In addition to the 9-year triangle, a large descending triangle has formed since the July 2025 peak, with price now at the apex—the convergence point of the upper descending trendline and horizontal support around $1.30. These compression points often resolve in sharp moves, and given the prolonged buildup, the move could be substantial. Immediate resistance is at the BB midline of $1.3399, with the upper band at $1.3871 as the next target. The RSI at 43.20 is neutral-to-bearish but showing early signs of curling upward.
Image: Shutterstock
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