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XRP Could be Seeing the Start of Something “Huge” as It Breaches Long-Term Wedge

$XRP could now be witnessing the start of a significant move as its dominance chart finally breaks above a months-long descending wedge.

XRP has taken advantage of the latest market-wide rebound campaign to recover some of the losses incurred earlier this month. The token has since reduced its monthly decline to 7.24%, and a run above $1.33 could finally put it back in the green zone.

Notably, XRP has gained 4.19% this week amid a broader market resurgence after recording a milder 2.64% increase last week. With this, the crypto asset is on track to witness a second consecutive weekly gain for the first time since April.

The XRP Falling Wedge
Amid this upward push, XRP’s market dominance has broken above a long-term descending wedge that has guided its path since July 2025. Well-known market analyst Austin highlighted this breakout, suggesting it could trigger a bullish move.

For context, a descending wedge is a bullish chart pattern formed when price moves lower within two converging downward-sloping trend lines. As the range tightens, selling pressure weakens. It usually signals a potential upward breakout once price breaks above the upper trendline with increased volume.

Notably, market commentator Crypto InsightUK was first to call attention to this descending wedge on the XRP.D weekly chart. The structure began with the formation of a lower descending trendline, which pivoted from resistance to support after XRP’s November 2024 upsurge.

Due to XRP’s price rally above $1 in November 2024, the dominance chart pushed above this trendline and continued to treat it as support.

Meanwhile, the upper trendline of the wedge took shape after the XRP price pulled back from the $3.6 all-time high in July 2025. As a result of this price slump, XRP’s market dominance dropped from a high of 5.528% in July 2025 and has continued to see consistent lower highs and lower lows since then, forming the wedge.

XRP Dominance Records Crucial Breakout
Over the past few weeks, XRP’s dominance had been attempting to breach the upper trendline of the wedge, but these attempts met resistance, as the price recovery was not sustained.

XRP Dominance Breaches Descending Wedge Resistance

This week, a breach has occurred, as XRP’s dominance shoots up by an impressive 2.85% to the 3.41% level on the back of the price rebound effort. Dominance initially surged to 3.5% earlier in the week, but faced resistance at this mark, pulling back to the current area.

Despite the slowdown in market momentum, with XRP’s market dominance dropping 0.22% today, Austin believes “this could be the start of something HUGE for XRP.”

Notably, such breakouts often lead to massive upsurges when momentum resumes, but not before the asset retests the breakout for strength. XRP’s dominance appears to be moving toward retesting the trendline breakout. If it holds, this confirms underlying strength and a potential rally. However, this remains uncertain at press time.