XRP is approaching a critical inflection point as short-term bullish patterns clash with heavy overhead resistance and cautious long-term signals. Recent chart data highlights a potential breakout toward $2.30, while liquidity barriers and historical trends continue to cap optimism.
XRP Price Forms Falling Wedge After Weekend Crash
According to analyst CAPTAIN, XRP price has formed a falling wedge pattern on the 4-hour chart following the recent weekend sell-off. This structure is typically associated with bullish reversals, as price volatility compresses within converging trendlines. Despite sharp downside moves, the pattern has remained technically intact.
The analyst noted that each new low has been accompanied by weaker selling pressure. This signals potential seller exhaustion rather than trend continuation. Momentum indicators reflect declining downside strength, reinforcing the idea that the recent drop may have been corrective.
As price approaches the wedge’s apex, a volatility expansion is increasingly likely. A confirmed breakout above the upper trendline, supported by volume, could open a path toward the $2.10 to $2.30 resistance zone. Failure to break higher would keep XRP price locked in short-term consolidation.
Meanwhile, analyst CW’s liquidity-focused analysis highlights significant overhead supply restricting upside movement. The chart identifies three major sell walls stacked below the $2.60 level. These zones represent areas where large holders may distribute into rising price action.
SOURCE: XRP price is currently trading just above a key demand zone. This level has so far prevented deeper losses. However, repeated failures to reclaim higher resistance suggest buyers remain cautious. Each advance has met consistent selling pressure.
From a structural perspective, this setup points toward a slow and measured price progression. Even if XRP price breaks higher in the near term, upside movement may occur in stages. According to the analyst, only a decisive move above $2.60 would significantly alter the broader market bias.
On a higher timeframe, analyst STEPH provided a more cautious outlook based on historical patterns. The weekly chart compares current XRP price action with previous cycles in 2015, 2018, and 2022. In each instance, losses of key trend support led to drawdowns exceeding 68%.
The analyst highlighted XRP’s position near the 50-week moving average as a critical level. Past failures to hold similar support zones resulted in extended corrective phases. Current price curvature also suggests slowing momentum rather than acceleration.
While XRP price remains well above historical lows, the structure raises concerns of potential distribution. If weekly support fails, deeper retracements toward lower consolidation ranges become statistically more likely. Holding above this zone would be required to invalidate the bearish historical comparison.
The post XRP Price Prediction as Wedge Breakout Eyes $2.30, Sell Walls Loom appeared first on CoinCentral.
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