Technical analysts report XRP has developed a falling wedge formation—a historically bullish pattern that triggered a 70% price rally earlier this year. The setup signals potential breakout conditions mirroring those observed before January 2025’s dramatic surge.
The relative strength index (RSI) stabilization near 50 suggests strengthening momentum. Analysts project a potential 20% upside toward the $3.75-$4.00 range should XRP decisively breach the wedge’s upper trendline resistance.
Fundamental factors bolster this technical outlook. The XRP Ledger processed over 70 million transactions in July alone, setting network activity records. It also surpassed 1 million new accounts this year, driven primarily by stablecoin adoption.
Stablecoin issuance on XRPL—including Braza Bank’s BBRL and Ripple’s RLUSD—has substantially increased liquidity and utility. This expansion provides foundational support for price appreciation by enhancing network use cases.
Key resistance caps near-term movement at the wedge’s upper boundary and 50-day EMA. Macroeconomic tailwinds, including anticipated Federal Reserve rate cuts, could potentially accelerate breakout momentum.