XRP has decisively broken out of its multi-month falling wedge pattern, signaling a strong upward trend. This breakout comes on the heels of legal deadlines looming and bullish chart structure confirming further upside potential. While price consolidation near $2.18 presents an opportunity before a launch point toward $2.95-$3.87 targets emerges, XRP’s continued success hinges upon navigating key support levels.
Technical analysts highlight that XRP has defied long-standing resistance, achieving a significant surge above the falling wedge pattern’s descending resistance. This shift from resistance to support indicates sustained bullish momentum and strengthens the potential for a breakout in the coming weeks. The tight consolidation observed near $2.18 could signal a renewed buying opportunity before a major upward move.