[DigitalToday reporter Yesle Kim] XRP has fallen 28.49 percent so far in 2026 as selling pressure continues, but an analysis says a months-long “falling wedge” structure could present a buying opportunity.

On April 4, blockchain outlet The Crypto Basic cited chart analysis by market commentator EGRAG Crypto, saying XRP is showing a price-compression trend within the wedge zone.

EGRAG pointed out that XRP is trading within a falling wedge. A falling wedge is a pattern in which both highs and lows decline while volatility narrows, and a break above the upper boundary is often interpreted as a rebound signal. He said the chart may appear bearish on the surface, but could in fact be one of the strongest buying opportunities.

The long-term downtrend is also clear. XRP posted monthly declines for six consecutive months from October 2025, the longest losing streak since 2014. It is already down 1.81 percent in April, raising the possibility of a seventh straight monthly decline.

EGRAG said the falling wedge began forming after XRP retreated from a $3.6 high in July 2025. A descending resistance line sits above and a support line below, and the price has reacted multiple times while moving between the two lines.

He also outlined key moves within the wedge. During a sharp drop on Oct. 10, 2025, XRP fell from $2.8 to $1.378, hitting the lower trend line, but it soon rebounded above $2 as support held. On Jan. 6, 2026, it rallied to $2.41 and tested the upper trend line but failed to break through, then came under pressure again. On Feb. 6, it slid to $1.1, retested the lower trend line and then rebounded, he said.

XRP is currently hovering around $1.3 and remains inside the wedge. EGRAG identified $1.8 as the next test, but said it may not be easy to break because it would be a retest of upper resistance, and the price could fall again. If XRP fails to break above $1.8, it could retreat to the “Atlas Line,” a long-term upward support line, which he put around $0.83 where it overlaps with the wedge’s lower boundary.

His scenario envisages XRP reaching around $0.83, rebounding above $1, then retesting around $0.91 near the Atlas Line before a stronger rise. A $8.30 upside target was mentioned after that.

EGRAG also set conditions. He said if XRP closes above $1.80, the upper trend line, the current falling-wedge setup could be invalidated. If it breaks below $0.83 to $0.91, cited as support on the Atlas Line, he added that it could lead to “deeper weakness” and increase the risk of further declines.