XRP Falling Wedge Pattern Identified. Analyst Says Big Price Breakout Is Coming

Key Points

1. XRP CAPTAIN identifies a falling wedge pattern on XRP’s 4-hour chart, indicating a potential bullish breakout with targets between $3.00 and $3.10, possibly extending to $3.60.

2. XRP is currently trading at $3.04, having held above key psychological support at $3.00 despite recent volatility.

3. A breakout above $3.10 with significant volume could lead to a rally toward $3.50, with extended targets between $4.00 and $5.00.

4. A break below $2.30–$2.25 could invalidate the pattern, with $2.10 as a key support zone.

5. XRP remains up more than 60% from its mid-July lows, with momentum building for a potential breakout.