XRP is approaching a critical point on the weekly chart. Bullish analysts point to a tightening falling wedge pattern that could lead to a major breakout.
Crypto commentator Bird (@Bird_XRPL) added to the momentum this week after tweeting, “We’re literally on the verge of the breakout which will send $XRP to all-time highs. The charts don’t lie. Get ready.”
The post came in response to a chart shared by Crypto Michael (@MichaelXBT). His chart showed XRP trading within a large falling wedge structure that has developed since the asset peaked at $3.65 in July 2025. The pattern now appears close to its apex, while price action compresses between both trendlines.
We’re literally on the verge of the breakout which will send $XRP to all time highs.
The charts don’t lie. Get ready. https://t.co/zpps6K7oXn
— Bird (@Bird_XRPL) May 21, 2026
Falling Wedge Tightens on Weekly Chart
The chart from Crypto Michael tracks XRP on the weekly timeframe. It shows a steady decline from the peak into a narrowing wedge formation. XRP now trades around $1.36 while the upper resistance trendline continues to tighten against support.
A falling wedge usually signals bullish continuation when the price structure approaches the end. Traders often watch for a breakout above resistance with strong volume confirmation. In this case, XRP started printing smaller candles near the wedge apex. This shows a period of compression before the next major move.
The support trendline has also held through several retests. XRP briefly fell below the lower trendline during a February decline, but buyers quickly pushed its price back up. They have repeatedly defended the $1.20 to $1.30 area while sellers failed to push XRP lower. That setup has strengthened expectations for an upside breakout if resistance finally breaks.
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Analysts Expect Shakeout Before Expansion
Crypto Michael also stated that XRP will “shake out investors” before the next breakout phase. According to his view, this process is by design as the falling wedge formation continues to pressure weak hands before a larger move higher begins.
That interpretation aligns with the recent price structure on the chart. XRP saw several sharp rejections and quick recoveries throughout the consolidation phase. Those swings likely forced short-term traders out of positions while long-term holders remained focused on the larger structure.
The key level now sits near the upper descending trendline around the $1.40 to $1.50 range. A confirmed weekly breakout above that area could quickly shift momentum.
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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