XRP Breaks Out of Falling Wedge Pattern
XRP’s daily chart shows a falling wedge breakout, a bullish reversal pattern that typically forms during corrective phases within broader uptrends.
The structure developed over several months as price carved out lower highs and lower lows inside a narrowing channel, signaling weakening downside momentum. In early January, XRP broke above the wedge’s upper trendline near the $2.05–$2.10 zone, accompanied by improving relative strength.
Price is now attempting to reclaim key moving averages, including the 20-day and 50-day exponential moving averages (EMAs). The 200-day EMA near $2.35 remains the next major technical hurdle.
If the breakout holds, the pattern projects a move toward the $2.60–$2.70 resistance area by February — roughly 25% above current levels.#write2earn🌐💹 #BTC突破7万大关 #XRPUSDT🚨 $XRP
