XRP has been consolidating since its sharp rally in mid-August. Crypto commentator and analyst XRP Update (@XrpUdate) shared a 4-hour chart that tells a bullish story. After surging from around $1 to a peak just under $1.70, the asset entered a period of compression.
Its price has been grinding lower within a falling wedge, with highs and lows converging steadily. It currently sits at $1.33, near the lower boundary of that wedge structure. XRP Update stated that the setup is “tightening around $1.33,” and he believes the asset is ready to expand.
$XRP LOOKS READY TO EXPAND. ✅
The setup is tightening around $1.33.
If bulls reclaim the channel, $1.60 first → $2.19 next. 💥📈 pic.twitter.com/krWTn76nwl— XRP Update (@XrpUdate) September 2, 2026
The Falling Wedge Structure
The falling wedge formed directly after XRP’s breakout rally. The asset climbed more than 50% in 65 hours, and the breakout peaked at over 70%. The upper trendline connects a series of lower highs that formed after the breakout. The lower trendline connects a series of higher lows. Both lines slope downward and converge toward an apex near current price levels.
This pattern typically signals that selling pressure is losing momentum. The narrowing range shows a balance between buyers and sellers, with buyers gradually gaining ground at each successive low. XRP is now trading close to the wedge’s apex. The closer it gets to the convergence point, the less room the pattern has to continue. A resolution tends to follow.
The Price Targets
XRP Update outlined a two-stage breakout. A breakout above the wedge and reclaim of the channel puts $1.60 as the first level in focus. Beyond that, the analysis projects a move to $2.19, the horizontal resistance level marked on the chart.
The $2.19 level sits well above the current price, representing a potential gain of roughly 64% from $1.33. The $1.60 target, the initial resistance zone, marks approximately 20% above the current level. However, some community members have higher expectations. One commenter set a target of $21.9, suggesting a massive breakout to double-digit prices.
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Where XRP Stands Now
XRP remains inside the wedge. The 4-hour candle structure shows repeated tests of the lower boundary. Resistance has held at each retest, supporting the idea that buyers are defending the $1.32 to $1.33 range.
The setup depends on a confirmed breakout. A move above the upper trendline, with sustained price action above the channel, would validate the pattern. Until that happens, the wedge remains intact.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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