Analyst says XRP is approaching the end of its falling wedge, indicating what may follow next.
Crypto analyst CryptoBull claims XRP is nearing the end of a falling wedge pattern, signaling an imminent upward price move. The four-hour chart shows a narrowing range with lower highs converging toward a horizontal support level. The analyst asserts the retest phase is concluding, increasing the likelihood of a breakout. This pattern typically precedes a reversal after a prolonged decline, suggesting XRP may soon rise. Community responses to the analysis are mixed, with some users questioning the interpretation as a potential retest of a larger bearish trend. Others, like X Finance Bull Academy, note wedge formations often lead to decisive price moves. Scott Reid criticized XRP, while CryptoBull defended its fundamentals, citing Ripple’s acquisitions and long-term value. This highlights ongoing skepticism versus bullish confidence in XRP’s trajectory. The discussion underscores diverging views on XRP’s technical and fundamental outlook. While some anticipate an upward breakout, others caution against premature conclusions. The disclaimer emphasizes that the analysis is informational, not financial advice, urging readers to conduct independent research before making investment decisions.
