XRP weekly chart has performed well recently. After a strong rebound from the support zone, the weekly chart closed with a bullish candlestick, which is a positive signal. Currently, the price is holding steady above the support level. As long as this area is not broken, the rebound trend still has potential. In the short term, a corrective rebound along the upward trendline is the most likely direction. The performance of the support level is crucial, as it determines whether the subsequent upward movement can continue.

XRP is currently exhibiting a textbook falling wedge pattern, a bullish technical formation that often precedes significant breakouts. This consolidation pattern deserves closer attention, especially when you compare it to similar historical precedents. A striking parallel exists with ETC's falling wedge setup back in 2020—which ultimately delivered a powerful move higher. The price compression within converging trend lines created the tension, and the subsequent breakout validated the pattern's predictive potential. For XRP, we're seeing comparable structure develop: higher lows meeting lower highs, narrowing volatility, and building momentum. If the pattern holds and executes similarly to ETC's historical blueprint, we could be looking at a meaningful price advance once resistance breaks decisively. The key is watching for that volume confirmation at the breakout point. Pattern recognition matters, but execution and volume make or break the trade. Monitor the critical levels closely—this setup is one to lock in on your radar.