• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Analysts Anticipate XRP Price Increase Due to Current Wedge

user avatar

by Giorgi Kostiuk

6 months ago


Market analyst CryptoWZRD predicts that the current wedge formation could significantly boost XRP's price.

Recent Market Movements

CryptoWZRD focuses on the recent wedge formations in XRP's price movements, forecasting their potential effect on future surges. This pattern reflects a series of similar ones, supporting the analyst's expectations.

XRP loves wedge formations.CryptoWZRD

XRP’s Current Wedge Formation

Recent data shows that XRP has formed an ongoing wedge pattern following a substantial drop from a high of $3.4 on January 16, 2025. Since then, XRP has been in a consolidation phase, attempting a breakthrough above the previous peak. Analysis indicates the formation of a falling wedge. To surpass resistance at the upper trendline and trigger a breakout, XRP needs to reclaim the January 20 high of $3.3, which requires a 5% increase from its current position. The Commodity Channel Index (CCI) at -40 indicates potential overselling.

Targeting New Heights

CryptoWZRD believes this upward trajectory could lead XRP to a new all-time high of $4, which marks an 81% increase from recent lows. Currently priced at $3.08, reaching the psychological $4 mark would require only a 27% increase. The analyst's confidence is bolstered by XRP's historical performance around wedge patterns.

Overall market sentiment towards XRP remains optimistic, with indications pointing towards further upward movement based on the wedge formation on the chart.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Impact of GENIUS Act: Trump Establishes Federal Stablecoin Guidelines

chest

President Trump has signed the GENIUS Act, establishing federal regulations for stablecoins and impacting the U.S. crypto landscape.

user avatarGiorgi Kostiuk

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk

Bit Digital Makes $67.3 Million Ethereum Purchase, Strengthening Its Holdings

chest

Bit Digital invests $67.3 million in Ethereum, raising total holdings to nearly 120,306 coins.

user avatarGiorgi Kostiuk

Block Inc. Joins S&P 500, Replacing Hess Corp.

chest

Block Inc. will replace Hess Corp. in the S&P 500, potentially impacting Bitcoin's acceptance by institutional investors.

user avatarGiorgi Kostiuk

XRP Sets New Record Following Legislative Changes

chest

XRP hit $3.66, surpassing previous records due to increased investor interest and the expected signing of the GENIUS Act.

user avatarGiorgi Kostiuk

MEI Pharma and Litecoin: New $100 Million Treasury Strategy

chest

MEI Pharma has announced a $100 million treasury strategy with Litecoin, led by Litecoin creator Charlie Lee. Market reaction was volatile.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.