Yes

>>According to this analyst, XRP has reached its low point, and here's what's next.

According to this analyst, XRP has reached its low point, and here's what's next.

crypthub

about 4 hours ago

Current Price Structure and Pattern

XRP’s higher-time frame chart currently defines a tightening falling wedge pattern. The price has trended downward, creating a narrowing structure between descending resistance and support lines. This compression suggests that volatility is increasing and a breakout phase is pending. Analysts note that XRP is trading near key support, waiting for confirmation of a structural shift.

Key Breakout Levels

A crucial horizontal level sits near $2, which must be reclaimed for strength. For confirmation, XRP needs a decisive move above the descending resistance line, ideally confirmed by a weekly close. Breaking above this line would initiate the next phase of the rally.

Potential Rally Targets

If the price successfully breaches key support, it could open paths toward higher resistance zones. These targets range between $2.5 and the $3 range. Sustained buying pressure and strong volume participation are necessary to support this upward movement and confirm a major rally.