XRP Pulls Back to $1.44 After Hitting $1.62: A Wedge Pattern Now Controls the Next Move

XRP traded at $1.4413 on Binance as of March 18, 2026, after a sharp reversal from a multi-day rally high near $1.62, with price now testing the 50-period SMA and a developing wedge structure that analysts say will determine the next directional move.

What the 4-Hour Chart Shows

The chart covers the March 12 to March 18 period on the XRP/USDT pair, 4-hour timeframe, Binance. Price action from left to right tells a clean story.

XRP traded in a compressed range between roughly $1.38 and $1.42 through March 12 and into March 13, with the 50 SMA sitting below price and volume bars relatively subdued. A breakout initiated around March 14, with a series of green candles pushing price through $1.45 and into the $1.50 range by March 15. The rally extended further into March 16 and peaked on March 17 with a wick reaching approximately $1.62 – the highest point visible on the chart.

The reversal from that peak was sharp. A sequence of large red candles from March 17 into March 18 brought price back down to $1.4413 at the time of capture. The most recent candle on the right side of the chart is a large red body closing near the 50 SMA, which sits at $1.4337. Price is now approximately 0.5% above that moving average.

Volume during the selloff is visible in the pink bars on the volume panel, with a notable spike accompanying the March 18 decline. The current 4-hour volume reads 5.07 million XRP.

The RSI Divergence

The RSI panel below the price chart shows two lines. The purple line, the faster signal, has dropped sharply to 42.58 – below the midpoint and approaching oversold territory. The yellow line, the slower signal, remains elevated at 66.09, still reflecting the strength of the prior rally.

That gap between the two readings is the key observation. The faster RSI has corrected aggressively while the slower one has not. That divergence is consistent with a sharp short-term pullback within a structure that has not fully reversed on a longer timeframe basis. It does not confirm a bottom. It suggests the selling pressure has been rapid rather than sustained.

The Wedge Structure

Crypto trader GainMuse published a broader technical read on XRPUSDT using a weekly or multi-week timeframe. The chart identifies a falling wedge pattern forming after an extended selloff, with price compressing between a descending resistance line and a rising support trendline.

Falling wedges are typically treated as bullish continuation or reversal structures. The thesis here is that selling pressure is fading as price coils between the two converging trendlines. A decisive bounce from the ascending support line, which aligns with current price levels on the longer timeframe, would signal the recovery scenario is intact.

The invalidation level is the support trendline itself. A break below it cancels the wedge structure and removes the technical basis for the recovery argument. GainMuse did not specify a numeric invalidation level in the published note.

Current price at $1.4413 sits roughly 11% below the March 17 peak and approximately 0.5% above the 50 SMA. The resistance line identified in the wedge analysis sits in the $1.80 to $1.85 range based on the chart geometry, representing a potential move of roughly 25% from current levels if the pattern resolves to the upside.

That upside scenario depends entirely on the support trendline holding. It has not been confirmed yet.

The post XRP Pulls Back to $1.44 After Hitting $1.62: A Wedge Pattern Now Controls the Next Move appeared first on ETHNews.