Are Bulls Finally Back Above Key Resistance?

• XRP breaks above the descending wedge pattern, trading near $1.42 after bouncing from $1.27 support as technical structure shifts bullish.
• $1.22 million in XRP spot ETF inflows on February 26 marks continued institutional accumulation, with cumulative inflows reaching $1.24 billion.
• Open interest drops 3.64% to $2.32 billion while long/short ratios favor bulls at 2.34, suggesting overleveraged shorts are being flushed.

XRP price today trades near $1.42, up 1.50% after breaking above a multi-week descending wedge pattern. The move places buyers in control of the short-term structure as price reclaims key technical levels and institutional flows continue to support accumulation.

ETF Inflows Hit $1.22M As Institutions Add Positions

XRP spot ETFs recorded $1.22 million in net inflows on February 26, extending a five-day streak of institutional accumulation. The pattern marks the longest consecutive run of positive flows since early February, when cumulative inflows first crossed $1.2 billion.

Historical data shows the current streak began February 19 with $4.04 million in inflows, followed by $4.50 million on February 20, $3.04 million on February 24, and $3.09 million on February 25. The sustained buying totals over $15 million across five sessions, with Bitwise’s XRP leading daily inflows at $470.58K.

Open Interest Drops As Shorts Get Flushed

Open interest declined 3.64% to $2.32 billion, signaling that leveraged positions are being closed as price moves higher. Volume dropped 29.43% to $4.64 billion, typical during the early stages of reversals where participants reassess positioning before the next directional move.

The long/short ratio on Binance sits at 2.34 for accounts and 2.58 for top traders, showing leverage remains tilted toward longs despite the recent flush. This positioning suggests traders expect the $1.27 low to hold and anticipate a move toward the 20-day EMA at $1.41.

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4-hour and 24-hour liquidation data shows $68.59K in total liquidations, with shorts accounting for $47.09K. The flush of short positions from the wedge breakout removed resistance and cleared the path for buyers to push through the $1.40 to $1.42 zone.

Wedge Breakout Targets $1.45 To $1.65

The daily chart shows XRP breaking above the upper trendline of a descending wedge that has guided price lower since January. The Keltner Channel at $1.62, $1.45, and $1.27 provides a clear roadmap for the next moves. The Parabolic SAR flipped to $1.64, confirming the trend has shifted bullish on the daily timeframe.

Price is now attempting to hold above the lower Keltner Channel at $1.27 and push through the middle channel at $1.45. A close above this level would place XRP in position to test the upper channel at $1.62 and eventually the 20-day EMA cluster.

Key levels now:

• Immediate support: $1.27 (lower Keltner Channel)
• Wedge breakout confirmation: $1.45
• First major resistance: $1.48 (200-day EMA)
• Bullish target: $1.62 to $1.65

The 3-hour chart shows XRP trading above all four EMAs for the first time in weeks. The 20-day EMA at $1.41, 50-day EMA at $1.40, 100-day EMA at $1.42, and 200-day EMA at $1.48 are now stacking in a bullish configuration on lower timeframes.

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Intraday Momentum Confirms Bullish Structure

On-balance volume shows steady accumulation since the February lows, rising from 1.55 billion to current levels. This confirms that buyers have been absorbing supply during the consolidation phase, a pattern that typically precedes breakouts.

The wedge breakout is supported by improving volume structure. When price breaks resistance with declining open interest, it signals that the move is driven by spot buyers rather than leveraged speculation, making the reversal more sustainable.

Bulls need a close above $1.45 to confirm the breakout and open the door to $1.62. From there, reclaiming the 20-day EMA on the daily chart at $1.45 would shift momentum and invalidate the extended bearish structure.

Outlook: Will XRP Go Up?

The next move depends on whether XRP can hold above $1.40 and convert the $1.45 level from resistance into support.

• Bullish case: XRP closes above $1.45 and breaks through $1.62 with rising volume. That confirms the wedge breakout and opens the door to $1.75 and eventually a retest of $2.00.
• Bearish case: A rejection at $1.45 followed by a close below $1.35 invalidates the breakout and exposes the $1.27 support. Losing that level returns XRP to the wedge and targets $1.20.

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