XRP’s Bullish Wedge Approaches a Breaking Point

XRP is poised for a significant breakout after tightening into a classic bullish wedge pattern on its weekly chart. This established pattern, signaling an imminent upward movement, comes following a period of consolidation characterized by lower highs and higher lows. The compression between resistance at the $1.80-$2.00 range and horizontal support has led to a build-up of market pressure – hinting at an explosive breakout soon.