$XRP
🚨 XRP Price Short-Term Technical Setup: Falling Wedge Formation 🚨
XRP price four-hour chart shows the formation of a falling wedge pattern, a structure often associated with bullish reversals.
This pattern suggests a potential move upward in the short term if XRP crypto breaks above the wedge’s upper boundary.
Resistance is currently located at $2.36. If breached, it may trigger a near-term rally to $2.59. The next stage of upward price movement may begin if buying volume continues to rise during the breakout point thus matching long-term bullish forecasts.
However, failure of XRP to maintain a $2.13 support level will result in a possible price retracement toward $1.96. The current setup, combined with whale activity and long-term technical formations, places XRP price in a favorable position.