Alert: $XRP Coiling at $1.36 Inside Descending Wedge
$XRP is compressing inside a descending wedge on the M30 timeframe. Volume is drying up. This is pre-move behavior.
Key levels: - Support floor: $1.36 - Bullish flip trigger: $1.38 - Next resistance once flipped: $1.40+ - Breakdown level: below $1.36 opens $1.34
The critical signal: sellers are not driving $1.36 down with force. They are leaning on it passively. When bears lose urgency at support, the squeeze typically resolves upward.
Fundamental backdrop: - Brad Garlinghouse confirmed $XRP has US legal clarity via court decision - Ripple pursuing OCC trust charter and Fed master account - Institutional trajectory building quietly while price consolidates
Setup: When a descending wedge forms on declining volume and sellers fade at support, the next decisive candle close outside the structure tells everything.
