Saad is an engineer with more than a decade of experience in FMCG companies. He loves to write about innovative tech and blockchain.
XRP (Ripple) has broken out of a falling wedge pattern, with technical analysis pointing toward a potential move to $3.65 – representing a 22% upside opportunity if current momentum continues.
XRP (Ripple) is capturing traders' attention as it breaks free from a falling wedge formation, a classic bullish pattern that typically signals strong upward moves. This technical development has many market participants eyeing the $3.65 target as XRP's next significant milestone.
XRP's daily chart shows months of consolidation within a narrowing wedge pattern, characterized by declining highs and lows. The token recently pushed above the wedge's descending resistance line, confirming what appears to be a legitimate bullish breakout. Famous analyst STEPH IS CRYPTO identified this setup and highlighted the $3.65 upside target, which would deliver a 22.43% gain from the breakout level.
This technical development suggests XRP may be entering a new phase of upward momentum after its extended consolidation period.
Critical levels include:
The formation of higher lows since early September suggests bulls are steadily gaining control of the price action.
Several fundamental factors are reinforcing XRP's technical picture. Ripple's ongoing legal victories against the SEC have improved investor confidence and provided clearer regulatory standing compared to other altcoins. Meanwhile, Ripple's payment infrastructure continues expanding through new partnerships, maintaining XRP's relevance in institutional and cross-border finance. The broader crypto market's recent stability, led by Bitcoin's consolidation, has also created space for altcoin breakouts to develop.
The falling wedge breakout establishes $3.65 as the primary upside objective. Should momentum accelerate beyond this level, XRP could challenge the psychological $4.00 barrier last reached during previous strong rallies. However, any failure to maintain support above $2.80 would undermine the bullish scenario and potentially force XRP back into sideways consolidation.
Saad is an engineer with more than a decade of experience in FMCG companies. He loves to write about innovative tech and blockchain.
Disclaimer: TheTradable content is for informational purposes only. The website does not provide any financial advisory. We do not encourage trading any assets. Any trading activity should be done at a user’s own risk. We encourage all users to rely solely on their own due diligence when making any financial decisions.
TheTradable is a Financial News Website, focusing on the global Tradables Market. TheTradable is based in Tbilisi (0179, Georgia, Tbilisi City, Vake District, 49 Besarion Zhghenti Street, VAT 305786600).
© 2020-2025 thetradable.com
We use cookies to improve your experience on our site and to show you relevant advertising. To find our more, read our privacy policy and cookie policy