XRP at $2.35: Will It Skyrocket or Collapse? The Make-or-Break Moment Is Here
XRP teeters on the edge—again. The $2.35 level isn’t just another number; it’s the battleground where bulls and bears throw down. Break past it, and the rally could go nuclear. Fail, and well… enjoy the discount.
The Setup:
All eyes on the charts as XRP tests a critical resistance zone. Traders are either loading up or bailing out—no in-between. Volatility’s back on the menu, and the market’s itching for a direction.
The Stakes:
A clean breakout could signal a sprint toward higher highs, while rejection here might trigger a flush back to support. Either way, someone’s getting rekt—classic crypto.
The Wildcard:
Regulatory whispers, exchange flows, even Bitcoin’s mood swings—any of them could tip the scales. Because nothing says ‘financial revolution’ like a token that moonwalks on lawsuit headlines.
Buckle up. This is where XRP proves it’s more than just a courtroom drama side character—or gets relegated back to the sidelines.
XRP Breaks Out Of Falling Wedge On 3-Day Chart
In an X post, LSplayQ highlighted a key technical development on the XRP 3-day price chart, pointing to a breakout from a falling wedge pattern. This type of pattern is commonly associated with bullish reversals, signaling that market sentiment may be shifting in favor of the bulls.
Following the breakout, XRP is currently trading around $2.26, and according to LSplayQ, the move suggests that buyers are stepping back in to reclaim control. The price action marks a significant shift after an extended period of downward compression within the wedge. If the bullish momentum continues, LSplayQ notes that XRP could target a breakout level NEAR $2.72, which represents an upside potential of roughly 20% from the current price.
That said, LSplayQ also warns of the risk of a pullback if XRP fails to hold above the wedge breakout level. In such a scenario, the price could retest the $2.10 zone as a potential support. Overall, the technical outlook leans bullish, as long as XRP maintains its position above the breakout level.
Rising Wedge Pattern Signals Caution Ahead
In a post on X, The crypto Bushman pointed out that XRP is pushing higher on the 4-hour chart, but warned that seasoned traders are keeping a close eye on what lies beneath the surface.
According to the analyst, the price is currently trading above both the 20- and 50-day EMAs, which typically signals short-term strength. However, the overall structure appears to be forming a rising wedge, a pattern often linked to potential reversals. At the same time, momentum is beginning to fade, with the MACD flattening and volume tapering off, which Bushman describes as classic signs of a potential trap move.
The Crypto Bushman emphasized that a failure to break cleanly above $2.35 could lead to the setup rolling over. In that case, the $2.25 zone becomes a critical level to watch for a possible breakdown and shift in sentiment. On the flip side, a strong breakout backed by volume could fuel another leg up toward $2.50 if buying pressure returns decisively.
