Just caught an interesting XRP setup that Egrag Crypto posted and it's got me thinking about the next move. Turns out what everyone's been reading as a bearish rising wedge is actually flipped - it's a falling wedge when you look at it right, which completely changes the bullish narrative. XRP has been consolidating hard, sitting under $1.8 with the price currently hovering around $1.43. The 100 EMA is still acting as a lid, but that falling wedge structure is basically a setup waiting to happen.



The way Egrag Crypto breaks it down, if XRP clears that $1.8 level, we're looking at a path toward $3.2 and potentially $11.5 as the full extension. He's giving it roughly 40-45% odds of breaking up. But there's also the flip side - could dip toward $0.9 for a liquidity sweep before reversing, which he rates around 35-40% probability. Either way, it's a decision zone right now. The chart's showing the 222-week moving average as significant support, which is worth watching.

So basically XRP hasn't picked a direction yet, but one of these moves is coming soon. If the break happens above $1.8, that's when the real momentum kicks in. If it sweeps lower first, that just extends the range and keeps the wedge valid. Definitely one to monitor closely over the next few weeks.
XRP0.49%
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