XRP is forming a descending wedge. The price has been repeatedly compressing near the end of the converging triangle; once the upper trendline is broken upward with increased volume, the measured target is projected upward by the wedge’s widest height. At the same time, the RSI momentum is rising—this is a common leading signal before a breakout.
Current price is 1.52, with resistance near 1.58 on the upper trendline. After it holds steady, the first target is 1.95, and further up it could extend toward around 3.30. 1.42 is the pattern invalidation level—if price breaks below it, the wedge structure will no longer hold. #XRP
Current price is 1.52, with resistance near 1.58 on the upper trendline. After it holds steady, the first target is 1.95, and further up it could extend toward around 3.30. 1.42 is the pattern invalidation level—if price breaks below it, the wedge structure will no longer hold. #XRP