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#XRP - Falling Wedge Still In Play ⏯️:
The weekly structure is getting very interesting.
1️⃣ Falling Wedge Formation:
▫️#XRP is still moving inside the falling wedge structure.
▫️The compression is clear, and the chart is still respecting the projected path.
2️⃣ 50 EMA + 222 W MA Cross:
▫️The potential crossover between the 50 EMA and the 222 W MA is very important.
▫️In the previous cycle, this type of moving-average behavior helped signal that the cycle ***bottom was already behind us.
3️⃣ Major Breakout Level: $1.65
▫️For now, $1.65 is the key breakout level.
▫️A weekly close above $1.65 would confirm that ▫️#XRP is breaking out of the falling wedge and shifting back into expansion mode.
4️⃣ The Previous Cycle Clue:
▫️Last cycle, #XRP moved below the 222 W MA on the weekly before the real reversal started.
▫️So, if history rhymes and #XRP does the same again, the lower part of this falling wedge can still play out exactly as projected before the larger move begins.
5️⃣ My View:
▫️The wedge is not broken.
▫️The structure is still active.
▫️The key is simple:
🛡️ Hold the macro support
🎯 Reclaim $1.65
🚀 Then the red-line expansion becomes the next major target path toward $8–$10
Until then, patience wins. Structure > Noise > Opinion