XRP→ Higher-low ladder pushes into falling-wedge roof
↳ Daily close > 2.40–2.45 = breakout to 2.55–2.65
⇢ Rising base holds at 2.10
⤴ Break < 2.10 opens 2.00–1.95 liquidity pit
Trade active
XRP is grinding the lower rail of a seven-week falling wedge, most recently puncturing 2.05 before buyers resurfaced. A bullish RSI divergence on the 6-h chart supports the rescue attempt.🔔 Watch 2.35-2.40 like a hawk: punch through with robust volume and the wedge targets 2.55-2.65, retracing half of April’s slide and aligning with the 50-day EMA.
⚠️ Drop below 2.00 and the setup collapses, likely sending price to 1.75—the December pivot. Stay nimble.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.