Alex Dudov
⬤ XRP is trading near the peak of a wedge pattern that's been forming since July, bringing the market to a crucial technical moment. The asset has spent months compressing inside this structure, with lower highs pushing against a descending trendline while support holds relatively steady. This extended consolidation has squeezed volatility down and positioned XRP for a potential explosive move once price breaks out of the pattern.
⬤ Recent action shows XRP holding around $2.05 after testing wedge support multiple times, suggesting downside pressure is weakening. A confirmed breakout above the descending resistance could open a path toward the $4.00 zone. This projection follows standard technical analysis, measuring the wedge height from the breakout point. Previous rallies hit the ceiling at this same resistance line, proving how important this level really is.
⬤ Momentum keeps tightening as price nears the end of the formation, hinting that a directional move could happen soon. A clean break above resistance would signal a shift in market structure and could align XRP with broader strength across crypto. But if the breakout fails, price would likely stay trapped inside the wedge, extending the consolidation and delaying any trend confirmation. The setup suggests timing is getting compressed fast, making the next few sessions technically important.
⬤ This matters for the wider market because long consolidation phases usually come before sharp volatility spikes. With XRP sitting at a clear technical turning point, the next move could shape near-term sentiment across major digital assets. Whether it's driven by XRP-specific news or broader market conditions, a confirmed resolution of this wedge would offer key insight into the strength and direction of the current crypto cycle.
Alex Dudov
