Saad Ullah
XRP is at a critical moment. Trading at $2.94, the coin sits within a tightening falling wedge pattern that's about to resolve. With the 200-period moving average providing support, traders are watching for either a bullish breakout above $3.00 or a potential breakdown below key support levels.
XRP Price Coils Within Falling Wedge Formation
XRP is stuck in a tight spot. The coin's forming a falling wedge — lower highs but higher lows, squeezing price action into a narrow range.
At $2.9445, XRP is down 1.60% today but still holds above its 200-period moving average at $2.94. That's bullish. These wedge patterns are known for explosive moves once they break.
Breakout or Breakdown? XRP Approaches Decision Point
XRP is at a make-or-break moment. If buyers defend current levels, we could see a bounce above $3.00. But if support fails, a breakdown below $2.90 would trigger more selling.
Volume has been quiet, but once XRP picks a direction, expect fireworks.
Key XRP Levels to Watch
Current Price: $2.9445 Resistance: $3.00–$3.20 Support: $2.90 200MA Support: $2.94 Breakout target: $3.50+ Breakdown risk: Below $2.93
Bottom line: XRP is at a critical juncture. The falling wedge suggests bullish potential, but only if price holds $2.94 support. It's make or break time.
Saad Ullah
