- XRP trades at $1.4284, down 1.73%, with SAR at $1.3070 as key support and 100-day EMA at $1.5482 as next breakout target.
- XRP led weekly gains among major cryptos at 6.4%, outpacing Bitcoin, Ether, and BNB despite subdued volume.
- XRPL validators are voting on XLS-65 and XLS-66 to add native lending and single asset vaults, with devnet testing returning no issues.
XRP trades at $1.4284 on April 17, down 1.73% on the day but up 6.4% for the week, leading Bitcoin, Ether, and BNB on seven-day performance while XRPL validators open voting on two amendments that would bring native lending and pooled asset vaults to the ledger.
XRP Breaks Out Of The Wedge With Three EMAs Now Below Price
The descending wedge from the August peak near $3.80 has broken to the upside this week. Price at $1.4284 has cleared the wedge upper boundary and now trades above the 20-day EMA at $1.3740 and the 50-day at $1.4086, with the SAR at $1.3070 sitting well below as support. The 100-day at $1.5482 and 200-day at $1.8001 remain as the next resistance layers above.
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The four EMAs are compressed into a tight cluster between $1.3740 and $1.8001, with price currently between the 50-day and 100-day. A daily close above the 100-day at $1.5482 is the next breakout signal, putting the supply zone at $1.80 in view. Losing the 50-day at $1.4086 on a daily close puts the 20-day at $1.3740 in play, then the SAR at $1.3070 as the last floor before the wedge interior.
Key levels for April 18:
- SAR support: $1.3070
- 20-day EMA: $1.3740
- 50-day EMA: $1.4086
- 100-day EMA: $1.5482
- 200-day EMA: $1.8001
- Supply zone 1: $1.80
- Supply zone 2: $2.40
- Supply zone 3: $3.20
XRPL Validators Vote On Native Lending: What XLS-65 And XLS-66 Actually Do?
XRPL validators have opened voting on XLS-65 and XLS-66, two amendments that bring native lending and pooled asset vaults to the XRP Ledger for the first time. XLS-66 allows fixed-term uncollateralized loans drawn from pooled funds, with credit assessment staying off-chain rather than relying on smart contracts. XLS-65 builds the vault infrastructure underneath it, pooling liquidity from multiple depositors and routing it into lending operations.
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Testing came back clean. Fig, co-founder of Squid Router, ran both amendments through deposit, loan, withdrawal, and repayment scenarios on devnet and found no issues with the protocol, design, or security. His conclusion: the math is correct and cannot be gamed. Squid’s UNL validator is voting yes to both.
VS1 Finance, the team driving the amendments, is already using the framework for bond tokenization on XRPL. Both proposals need a majority validator consensus to pass and go live on the network.
XRP Derivatives: Longs Taking More Pain As Options Volume Jumps 176%
Volume rose 50.38% to $4.75B with OI up 3.05% to $2.70B. Both rising together means fresh positioning is entering, not old positions closing. Long/short ratio at 0.9853 is nearly flat overall, but Binance accounts lean long at 2.1486 and OKX at 1.82.
The liquidation data tells the directional story. Shorts absorbed $5.27M over 24 hours against $2.44M for longs, taking more than twice the pain as XRP grinds higher. Options volume jumping 176.52% to $6.02M with options OI up 6.24% to $57.46M points to traders actively positioning for a move as price pushes into the 100-day EMA.
XRP Price Prediction: April 18 Outlook
- Upside: Daily close above the 100-day EMA at $1.5482 confirms the wedge breakout with follow-through. XRPL lending amendments passing the validator vote adds a DeFi narrative to the institutional case. First supply zone above $1.5482 is $1.80.
- Downside: Volume stays subdued, 50-day EMA at $1.4086 breaks on a daily close, and XRP pulls back toward the 20-day at $1.3740. A close below the SAR at $1.3070 puts the wedge interior back in play and the February low at $1.15 in view.
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