$XRP PRICE TECHNICAL ANALYSIS
The daily chart shows that the $XRP price has remained under pressure in the past few months. It is still below the 50-day Exponential Moving Average and the descending trendline that connects the highest swings since December.
$XRP is forming a falling wedge pattern, a popular bullish reversal sign. This pattern features two descending and converging trendlines, often leading to a breakout when they converge.
Therefore, the coin is expected to have a strong bullish breakout, with the initial target being $3.40, its highest level this year. A move above that resistance will signal further gains, potentially reaching $5.