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HomeCryptocurrencyAnalyst Reveals XRP Short-Term Price Target Based on This Bullish Signal

Analyst Reveals XRP Short-Term Price Target Based on This Bullish Signal

Crypto analyst Steph Is Crypto (@Steph_iscrypto) has released a new chart examining the XRP/USDT trading pair on Coinbase’s 4-hour timeframe. The chart presents a falling wedge pattern that began forming in late July.

This type of pattern often signals a period of consolidation followed by a potential breakout when price action moves beyond the upper trendline. In this instance, the price of XRP appears to have broken above the descending resistance line in early September, creating interest around the first potential upside target displayed on the chart.

The Falling Wedge Pattern

XRP’s price action displayed strong upward momentum, reaching an all-time high of $3.65 in July before entering the consolidation phase visible on the chart. This phase reached its lowest point in early September when the asset fell to $2.71. This move marked the deepest retest of the wedge’s lower boundary.

However, XRP’s trajectory shifted shortly after, with a swift climb to regain the $3 support level. This surge pushed XRP out of the falling wedge, breaking above the descending upper line, which typically signals that buyers are gaining control, especially when accompanied by increased volume or sustained higher lows.

XRP’s Next Target

The analyst’s chart identifies $3.6389 as the first level, which sits about 16.85% above the current price. This figure is explicitly marked on the chart with an upward green arrow, indicating where the price could advance if the breakout continues.

This would place the digital asset just below its all-time high, with a chance that the breakout could continue and push XRP into a price discovery phase.

What This Means for Market Participants

For traders who follow technical analysis, a breakout from a falling wedge can indicate an early stage of a bullish trend reversal or continuation.

The 4-hour chart shows how price compression within the wedge pattern created a buildup that now appears to be resolving upward. If XRP maintains its breakout trajectory, the price level of $3.6389 becomes a logical first checkpoint.

The chart does not provide further targets beyond the $3.6389 mark. However, in technical analysis, once a resistance level is broken, market participants often watch for continuation patterns or new consolidation zones to form. Meanwhile, XRP’s tendency to move quickly could help it reach new levels sooner than expected.

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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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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