Analyst: XRP Will Break This Bullish Falling Wedge and Hit $4 In Next 2 Days
Main Idea
Analyst CryptoBull predicts XRP will break out of a bullish falling wedge pattern and reach $4 within two days, based on technical analysis.
Key Points
1. CryptoBull's analysis suggests XRP could rise to $4 from $2.99, a 33% increase, based on a bullish falling wedge pattern.
2. The wedge pattern typically indicates a potential upward reversal, especially with increased trading volume near its end.
3. Community reactions vary, with some expressing optimism and others predicting a slight dip before a sustained rise.
4. Key price levels include $3.00 as a pivot and $2.80 as structural support.
5. The forecast comes amid XRP's resilience above key support levels despite broader market fluctuations.
Description
Seasoned market analyst CryptoBull has published a new technical forecast on XRP’s short-term trajectory. In a tweet accompanied by a chart showing the XRP/USD 4-hour time frame on Bitstamp, CryptoBull stated, “XRP will breakout of this bullish falling wedge and climb towards $4 within the next 2 days!” The chart highlights a falling wedge pattern that has been forming since mid-July, bounded by two descending trend lines converging at a point just beyond August 4. This pattern typically implies...
Latest News
- Ripple CEO Recounts How XRP Was Created2025-08-02 13:07:42
- Uphold’s $1000 XRP Price Sparks Fresh Reactions2025-08-02 13:04:14
- Analyst to XRP Holders: Stay Steady and Strong. This Formation Will Send Us Back to New ATH2025-08-02 12:14:32
- Crypto Prices Drop, But Daily Profits Rise: Sunny Mining Launches Reward-Backed Cloud Mining Plans2025-08-02 12:13:37
- Analyst: XRP Will Break This Bullish Falling Wedge and Hit $4 In Next 2 Days2025-08-02 11:47:36