$XRP — Consolidating within a significantly declining wedge, there is growing momentum for a pronounced upward shift.
Outlook: Long $XRP
Entry range: 1.85 – 1.90
Stop-loss level: 1.75
First target: 2.01
Second target: 2.12
XRP is creating a traditional declining wedge, tightening towards a robust demand zone on a higher timeframe around 1.85. On the four-hour chart, a positive RSI divergence is starting to be noticeable, while funding rates stay significantly negative, which is a setup that frequently indicates weariness among sellers, priming for a sudden short squeeze.
As long as this support holds, the likelihood of an upward shift increases, with the price possibly returning to the 2.12 area in the next upward movement.
Trade $XRP below 👇
XRP
1.8792
-1.16%