$XRP has staged a decisive recovery after a volatile weekend, putting the asset back in a bullish technical position. On the 4-hour chart, price action is forming a clear falling wedge โ a pattern that often precedes upside breakouts.
Crypto analyst XRP Captain (@UniverseTwenty) highlighted this setup, noting that XRP is โon the verge of breakout any moment now.โ
๐ Falling Wedge Signals Building Strength
XRP has been consolidating between two converging trendlines following a multi-week pullback. Earlier this year, XRP briefly surged above $2, but momentum faded, triggering a shift in direction and forming the falling wedge structure.
The lower boundary near $1.82 has acted as a strong support zone, where price recently bounced, confirming buyer interest. Meanwhile, the upper resistance near $1.90 remains the key level to watch.
As the wedge tightens, selling pressure continues to weaken, while buyers appear increasingly aggressive. XRP is now testing the wedgeโs resistance โ a classic setup that often resolves with sharp upside momentum.
๐ Breakout Targets & Momentum Outlook
A confirmed breakout above the wedge could open the door toward the $2.40 region, based on the patternโs projected move. With price compression building, any breakout may unfold rapidly, fueled by rising liquidity and fresh positioning.
Following the rebound from $1.82, XRPโs short-term structure has improved significantly. A sustained move above resistance would likely attract additional buyers, reinforcing bullish momentum.
๐ Bottom line: If XRP breaks above the falling wedge, a return above $2 โ and potentially higher โ could follow as momentum shifts firmly in favor of the bulls.
#TSLALinkedPerpsOnBinance #XRPRealityCheck
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