XRP is approaching an important level against Bitcoin after spending more than a year inside a large falling wedge. Crypto analyst CryptoBull (@CryptoBull2020) highlighted this setup, claiming that XRP could soon rise 100% against Bitcoin.
The weekly XRP/BTC chart shows two declining trendlines that gradually converge. The price has moved lower within this structure since late 2024, with repeated swings between resistance and support. The latest candles sit close to the wedge’s lower boundary.
That location gives the current price action particular significance. XRP/BTC is testing the area where buyers could begin pushing the pair higher.
The price of #XRP is about to 100% vs Bitcoin! pic.twitter.com/pikgKQ1WqV
— CryptoBull (@CryptoBull2020) August 2, 2026
The Falling Wedge
XRP entered this pattern following its 500% surge in late 2024 after the U.S. election. In the period that followed, the lower trendline provided strong support. Several previous declines approached this area before XRP/BTC recovered.
The current move has brought the price back to that same support zone. The stochastic RSI at the bottom of the chart also shows the indicator near the middle of its range after moving higher from a weaker reading.
A sustained rebound from the lower trendline would give the falling wedge setup room to develop. The next major objective would be the upper trendline, which currently sits above the price.
A Breakout Opens More Upside
The falling wedge becomes especially significant if XRP/BTC breaks above its upper resistance line. That would move the pair beyond the structure that has contained it for over 18 months. One analyst recently stated that XRP needs just one candle to erase 18 months of pain, and market participants are looking for that candle right now.
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The XRP/BTC pair currently sits at 0.00001713 BTC. A 100% breakout would send it to 0.00003426 BTC, which currently translates to $2.15. However, the chart shows horizontal resistance close to XRP’s all-time high of $3.65, suggesting the breakout could extend further.
XRP’s Next Move Against Bitcoin
The setup now centers on whether XRP/BTC can hold the lower boundary before attempting a move higher. A successful rebound would keep the falling-wedge thesis in play.
The upper trendline then becomes the critical breakout level. Clearing it would provide technical confirmation that the pair has moved beyond the wedge and open the door to a 100% rise or more.
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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