The post XRP Price Prediction: XRP ETFs Cross $1.23B In Cumulative Inflows As The Wedge Runs Out Of Room appeared on BitcoinEthereumNews.com. XRP trades at $1.3567The post XRP Price Prediction: XRP ETFs Cross $1.23B In Cumulative Inflows As The Wedge Runs Out Of Room appeared on BitcoinEthereumNews.com. XRP trades at $1.3567

XRP Price Prediction: XRP ETFs Cross $1.23B In Cumulative Inflows As The Wedge Runs Out Of Room

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  • XRP trades at $1.3567, down 0.43%, at the wedge apex with Supertrend at $1.4681 overhead and OBV declining since August.
  • XRP spot ETFs pulled $11.20M on April 14, pushing cumulative inflows to $1.23B with total net assets at $978.65M.
  • The SEC confirmed crypto interfaces staying out of custody can avoid broker-dealer registration, clearing the path for XRPL’s native DEX.

XRP trades at $1.3567 on April 15, down 0.43%, at the wedge apex with no room left inside the pattern as spot ETF cumulative inflows cross $1.23B and the SEC removes the biggest regulatory hurdle over XRPL DeFi development.

XRP Daily Chart: Wedge Has No Room Left And OBV Is Still Falling

XRP Daily Price Action (Source: TradingView)

The descending wedge from the August peak near $3.80 has both boundaries meeting at current price. The lower boundary rises from the February low at $1.15, the upper boundary slopes down from the August high, and both converge near $1.35 to $1.37 this week.

The Supertrend at $1.4681 is the first resistance above the wedge boundary. Supply zones at $1.80, $2.40, and $3.20 sit above that. The OBV at 3.41B has been declining since August, meaning volume has been leaving the market throughout the entire wedge formation. Price holding the wedge floor does not reflect accumulation, it reflects a lack of sellers willing to go lower. A daily close above $1.4681 changes the OBV read. Losing the wedge floor at $1.28 to $1.30 puts the February low at $1.15 back in play.

Key levels for April 16

  • Wedge floor: $1.28 to $1.30
  • Wedge upper boundary: $1.37 to $1.38
  • Supertrend resistance: $1.4681
  • Supply zone 1: $1.80
  • Supply zone 2: $2.40
  • Supply zone 3: $3.20
  • February low: $1.15

XRP ETFs Cross $1.23B Cumulative As April Inflows Recover

XRP spot ETFs recorded $11.20M on April 14, the strongest single day since April 6. Bitwise led with $4.56M, Franklin added $6.64M. 

Total net assets sit at $978.65M, closing in on the $1B milestone. After the $661K outflow on April 9, three straight inflow days totaling over $20M confirm institutional demand has returned at wedge support.

SEC Clears XRPL’s Native DEX From Broker-Dealer Registration

The SEC confirmed on April 13 that crypto interfaces staying out of custody, order routing, and trade execution can avoid broker-dealer registration. The guidance expires in five years unless the Commission acts first.

For XRPL the impact is direct. The ledger already has a native DEX with order books, automated market makers, and cross-currency routing built into the protocol. Analyst Vet points out that accessing the XRPL DEX does not require registration under the new guidance because developers do not hold user funds and transaction routing happens at the protocol level. Builders do not need separate exchange infrastructure, they build on top of a shared market that already exists on the ledger. That removes one of the biggest uncertainties over XRPL DeFi development heading into the wedge resolution.

XRP Price Prediction: April 16 Outlook

  • Upside: Daily close above the wedge boundary at $1.37 to $1.38 puts the Supertrend at $1.4681 in play. ETF inflows staying above $10M per day keeps institutional demand active. SEC guidance clearing the DEX registration question gives developers a reason to build on XRPL now. First supply zone above the Supertrend is $1.80.
  • Downside: Wedge floor at $1.28 to $1.30 breaks on a daily close, OBV confirms the bearish divergence, and the February low at $1.15 is next. A break below $1.15 with the Supertrend still bearish leaves no support until $1.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source: https://coinedition.com/xrp-price-prediction-xrp-etfs-cross-1-23b-in-cumulative-inflows-as-the-wedge-runs-out-of-room/

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