XRP Breaks Long-Term Descending Wedge, Bullish Trend Established!
Price is currently retracing to the key 0.5–0.618 Fibonacci support zone, which is a common accumulation area for institutional funds.
In the short term, it is consolidating in the $3.09–$3.15 range; once support is confirmed, the first upward target is aimed at $4.67.
Exchange supply has decreased to 5.66%, reducing selling pressure and strengthening the logic for long-term holding.
Technical aspects, funding conditions, and market sentiment are resonating together, making me optimistic about XRP's potential for further increases.
Why am I optimistic about this coin?
Technical pattern breakout (descending wedge = classic reversal signal)
Improvement in funding conditions (decrease in exchange positions, chips are more concentrated)
Retracement to the golden zone (0.5–0.618 = excellent entry opportunity)
This is why I am paying attention and the logic behind my positioning.
For more detailed analysis and real-time updates, you can check the homepage.
