XRP is currently in a Falling Wedge pattern, suggesting a potential bullish reversal to new highs. A crypto analyst known as 'MBM_Crypto' highlighted that if XRP breaks out of the pattern, it could potentially reach $2.8, marking a significant price surge. The price has already shown an impressive uptrend, rising from $0.5 to over $2 within a month.
The Falling Wedge typically indicates an upward price reversal, with converging trend lines sloping downwards. The TradingView analyst identified key areas for resistance and optimal buying levels, recommending purchasing once it breaks above $2.51. If this happens, XRP might achieve price targets of $2.6, $2.7, and $2.8.
The analyst also noted resistance at the blue zone of $2.42 as crucial for a bullish continuation. Despite a slight decline, analysts like Dark Defender remain optimistic, labeling XRP as 'super bullish' and forecasting it reaching $5.85 and potentially $18.22 if the pattern completes as expected.
