$XRP 🚨🔥The latest price action of XRP

€2.57 is echoing a bullish fractal from earlier this year, increasing the outlook for a strong continuation upward in August.

XRP's descending wedge suggests a 20% rally in August

Between December and January, XRP consolidated within a descending wedge pattern while staying firmly above its 50-day exponential moving average (EMA; the red wave).

The pattern resolved with an upward breakout in early January, reclaiming the 20-day EMA (the purple wave) as support and driving a price increase of 70%, from around $2 to over $3.39, in a matter of weeks.