XRP has begun to show signs of breaking out from a long period of consolidation, according to crypto analyst Crypto Captain (@UniverseTwenty). His latest chart highlights XRP slowly climbing above the top boundary of a falling wedge, signaling potential upward momentum.
Technical Patterns Point to Reversal
The chart, which tracks XRP/USD on a daily timeframe, shows a series of lower highs and lower lows that have characterized the market since the flash crash in early October.
Recently, XRP has pushed above the upper trendline of the wedge, suggesting that sellers may be losing control. Crypto Captain described this movement as a slow breakout, indicating that the momentum is gradual but noticeable.
This technical pattern is closely watched in cryptocurrency trading. Falling wedges often signal a reversal after an extended downtrend. XRP’s breakout above the wedge suggests buyers are gaining traction, at least in the short term. Analysts see this as a potential shift in market sentiment.
Current Price Action and Resistance Levels
Price action remains cautious, with XRP hovering around $1.8975 at the time of his analysis. The breakout is not yet fully confirmed, and traders are waiting for a sustained move above the wedge. According to Crypto Captain’s chart, XRP has tested this resistance several times, and the current movement could be the first clear step toward higher levels.
A strong start to the year could influence XRP’s trajectory. Early gains can set a positive tone for the next few months, encouraging investors to increase their positions. Market participants often watch the first week of the year, interpreting early trends as indicators of future performance.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Potential Next Moves for XRP
If XRP can hold above the wedge, the next resistance levels may appear near $2.2. Breaking these levels could attract additional buying and increase short-term bullish momentum. Conversely, failure to maintain above the wedge could signal continued consolidation or a return to lower levels near $1.75.
Investors are closely monitoring XRP’s daily charts to gauge the strength of the breakout. Confirmation requires multiple daily closes above the wedge with strong volume. Until that happens, the market may remain volatile, with rapid swings in both directions.
The gradual rise above the upper trendline suggests a potential shift in market sentiment. Early movement above $1.9 could mark the beginning of a bullish period, especially if it continues in the first days of the year.
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.
Follow us on X, Facebook, Telegram, and Google News
