Analyst: XRP Nearing End of Falling Wedge. Here’s What Is Next

Crypto analyst CryptoBull has shared a new technical outlook on XRP, asserting that the digital asset is completing a retest and approaching the conclusion of a falling wedge pattern. In a tweet accompanied by a four-hour chart of XRP against the U.S. dollar on Bitstamp, the analyst stated, “XRP is finishing the retest and nearing the end of its falling wedge. Price will go up soon.”

The chart presented by CryptoBull illustrates a downward-sloping resistance line converging toward a horizontal support level, forming what is commonly identified in technical analysis as a falling wedge.

The structure shows price compression, with successive lower highs constrained beneath a descending trendline while price action repeatedly tests a relatively flat support zone. According to the analyst’s interpretation, XRP is now completing a retest within this formation and nearing the apex, a point at which price volatility typically increases.

Technical Structure and Retest Phase

The four-hour timeframe chart highlights a series of lower highs following a mid-month peak, with price gradually tightening between the descending resistance and horizontal support.

CryptoBull’s analysis suggests that the recent pullbacks represent a retest of previously broken levels within the wedge structure. The implication in his statement is that this retest phase is concluding and that upward price movement is imminent.

Falling wedges are generally considered reversal patterns when they form after a broader decline. In this case, the analyst appears to interpret the narrowing range as a precursor to an upside breakout. His tweet does not provide a specific price target but clearly communicates an expectation of near-term upward movement.

Community Responses Reflect Divided Views

The post received a range of responses from other users. Cihat Kaya questioned the interpretation, suggesting that the observed structure might instead represent the retest of a larger downturn and encouraged a broader perspective by advising others to “zoom out a bit.” This response reflects skepticism about whether the falling wedge signals a reversal or merely fits within a more extended bearish trend.

Another user, StrikeMac04, commented on the repeated references to testing and retesting, expressing uncertainty about whether further consolidation phases could occur. Meanwhile, X Finance Bull Academy noted that XRP appears to be tightening again and stated that such wedge formations typically do not conclude quietly, implying that a decisive move may follow.

In contrast, Scott Reid strongly criticized XRP, describing it negatively and questioning its value proposition. In response, CryptoBull defended the asset, stating, “It’s fundamentally the best coin in all of crypto. Ripple made billions of dollars of acquisitions.” His reply emphasized his confidence not only in the technical outlook but also in the underlying fundamentals associated with the broader ecosystem.

Overall, CryptoBull’s tweet presents a clear technical thesis: XRP is nearing the end of a falling wedge and is positioned for an upward move. The discussion that followed reflects the ongoing divergence in market sentiment, with participants debating both the technical structure and the asset’s broader fundamentals.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on X, Facebook, Telegram, and  Google News

The post Analyst: XRP Nearing End of Falling Wedge. Here’s What Is Next appeared first on Times Tabloid.