XRP Falling Wedge Suggests Breakout Potential

The XRP token is currently trading at $2.36, and its recent performance has seen a 2.6% decline over the week. This movement aligns with a falling wedge pattern identified on the daily timeframe chart, suggesting potential for a breakout. Analyst Steph_iscrypto highlights similarities to XRP’s 2017 setup that preceded a historic 13,000% surge. This analysis suggests a similar compression phase is unfolding now, which could lead to a significant price jump.