‼️ $XRP/$USDT Technical Analysis – Falling Wedge Setup in Play

Market Context:

$XRP is currently consolidating within a falling wedge pattern, a bullish reversal signal if confirmed. The price is trading just above the key support trendline, aligning with the 200-period moving average (200MA), which is providing strong technical support at approximately $2.25.

Trade Setup:

• Current Price: $2.88

• Entry Zone: Near current price, around support trendline (~$2.88)

• Stop-Loss: Below the wedge support and 200MA, watch for a break below ~$2.25$

• Take-Profit Targets:$$XRP

• TP1: $3.00 (near previous highs)

• TP2: $3.25 (stronger resistance zone)

Key Insight:

A bounce off this support level could trigger a solid upswing, capitalizing on the wedge breakout momentum. However, if $XRP breaks decisively below the wedge support and 200MA, it would invalidate the bullish setup and could lead to further downside pressure.

Stay cautious and watch for volume confirmation on the bounce or breakdown to validate the move.

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