XRP will continue to fallXRP / TetherUSBINANCE:XRPUSDTLingridThis 4-hour analysis for XRP/USDT captures a pivotal structural shift. As of April 29, 2026, the "Spring Squeeze" has officially resolved to the downside, and the technical roadmap points toward a deeper liquidity hunt. The Core Thesis: Macro Broadening Rejection 🛰️ XRP has been trapped within a massive Descending Broadening Formation for several weeks. This pattern is notorious for "fakeouts" and high volatility, but the current price action suggests the bulls have finally exhausted their ammunition at the local resistance. The Technical Breakdown 🧩 Wedge Fatigue: We've seen a series of nested Wedge patterns. The most recent ascending wedge served as a classic distribution phase where institutional sellers absorbed the remaining buy orders. Support Line Fracture: The ascending Support line—which held the price afloat throughout mid-April—has decisively cracked. The "Kiss of Death": Price is currently attempting a weak relief bounce to retest the broken support from underneath. In technical terms, we are watching a previous floor flip into a formidable ceiling. The Momentum Shift: The failure to hold the $1.40 handle is psychologically significant, likely triggering stop-loss cascades for late-to-the-party longs. The Roadmap: Destination $1.23 🎯 Following the purple "zig-zag" projection on the chart, the path of least resistance is now pointing toward the macro floor: Strategic Sell Zone: $1.39 – $1.42 (The Retest area). Immediate Target: $1.30 (Internal structural support). Primary Objective: $1.23 (The lower boundary of the macro broadening wedge). Risk/Invalidation: A clean 4-hour close back inside the local wedge (above $1.45) would invalidate this bearish outlook. Final Word 💡 Don't let the local "noise" distract you from the macro structure. XRP is respecting its broadening boundaries with surgical precision. As long as the diagonal resistance remains a cap, the highest probability play is a slide toward the $1.23 liquidity pool to find fresh institutional interest. What’s your move? Are you fading this retest or waiting for a long entry at the $1.20 floor? Let’s talk in the comments! 👇 #XRP #Ripple #Crypto #TechnicalAnalysis #TradingStrategy #PriceAction #Altcoins #LingridForex