XRP Price Enters High-Tension Formation, Analyst Predicts Breakout Above $2

XRP's price action has been compressing within a narrowing structure on the daily chart, which can be a sign of impending expansion. This phenomenon is known as a falling wedge pattern.

A recent tweet from CryptoBull suggests that XRP has already printed its cycle bottom near $1.40 and will break out of this wedge structure to surge above $2 before March 3. The falling wedge pattern often appears during corrective phases and frequently precedes bullish reversals.

The price has repeatedly respected both resistance and support within the structure, forming a clear wedge shape. As the structure narrows, the price approaches a decision point where it will either break out or continue consolidating.