XRP Price Targets $4.50 After Retesting Breakout Of Falling Wedge
The post XRP Price Targets $4.50 After Retesting Breakout Of Falling Wedge appeared on BitcoinEthereumNews.com. XRP is regaining momentum after successfully retesting the breakout zone of its falling wedge pattern. It is a classic technical setup that often signals bullish reversals. With renewed confidence across the market and rising whale accumulation, analysts now project a potential move toward the $4.50 mark. This breakout is fueling optimism that XRP may finally shake off recent stagnation. As anticipation builds around a possible ETF approval, XRP’s price chart suggests a major rally could be in motion. XRP Price Eyes Major Rally After Falling Wedge Breakout, Targets $4.50 XRP price recently broke out of a falling wedge pattern on the 3‑day chart, an encouraging sign of bullish reversal. Historically, such wedge breakdowns tend to precede strong rallies. According to Coin Edition, XRP surged 5.6% after the breakout, with trading volume jumping 135% to $10.7 billion. Technical momentum is building. XRP has cleared the 0.618 Fibonacci retracement level (around $2.36) and resistance at $2.65. Both RSI and MACD indicators are bullish: the MACD crossed above its signal line, while RSI sits near 67, not yet overbought. Analyst Captain Faibik predicts targets between $3.50 and $5 based on wedge dynamics. Falling wedge guidance suggests a clear path to $4.50, a new swing high. Complementing technicals, on‑chain data shows sustained accumulation. XRP futures open interest surged 31%, while over 13 million XRP left exchanges within 24 hours, indicating strong investor demand. With consolidation, on‑chain strength, and improving market structure aligned, XRP appears primed for a powerful upward move. Should it hold above the breakout zone and attract fresh capital, possibly triggered by ETF optimism, a climb toward $4.50 could soon be within reach. Meanwhile, Polymarket’s odds for an XRP spot ETF approval remain strong, fueling even more optimism in the community. If market sentiment keeps aligning, this could set the stage for…
The post XRP Price Targets $4.50 After Retesting Breakout Of Falling Wedge appeared on BitcoinEthereumNews.com.
XRP is regaining momentum after successfully retesting the breakout zone of its falling wedge pattern. It is a classic technical setup that often signals bullish reversals. With renewed confidence across the market and rising whale accumulation, analysts now project a potential move toward the $4.50 mark. This breakout is fueling optimism that XRP may finally shake off recent stagnation. As anticipation builds around a possible ETF approval, XRP’s price chart suggests a major rally could be in motion. XRP Price Eyes Major Rally After Falling Wedge Breakout, Targets $4.50 XRP price recently broke out of a falling wedge pattern on the 3‑day chart, an encouraging sign of bullish reversal. Historically, such wedge breakdowns tend to precede strong rallies. According to Coin Edition, XRP surged 5.6% after the breakout, with trading volume jumping 135% to $10.7 billion. Technical momentum is building. XRP has cleared the 0.618 Fibonacci retracement level (around $2.36) and resistance at $2.65. Both RSI and MACD indicators are bullish: the MACD crossed above its signal line, while RSI sits near 67, not yet overbought. Analyst Captain Faibik predicts targets between $3.50 and $5 based on wedge dynamics. Falling wedge guidance suggests a clear path to $4.50, a new swing high. Complementing technicals, on‑chain data shows sustained accumulation. XRP futures open interest surged 31%, while over 13 million XRP left exchanges within 24 hours, indicating strong investor demand. With consolidation, on‑chain strength, and improving market structure aligned, XRP appears primed for a powerful upward move. Should it hold above the breakout zone and attract fresh capital, possibly triggered by ETF optimism, a climb toward $4.50 could soon be within reach. Meanwhile, Polymarket’s odds for an XRP spot ETF approval remain strong, fueling even more optimism in the community. If market sentiment keeps aligning, this could set the stage for…
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