XRP's Falling Wedge Structure Signals Potential Breakout

XRP's price action has been characterized by compression within converging trendlines, with the asset trading below the 100 EMA. Volatility has tightened, and each rejection at the $1.8 resistance level reinforces its importance.

Egrag Crypto points out that the commonly-held interpretation of a rising wedge is incorrect, as it is actually a bullish falling wedge in reality. This reframes the setup, focusing on upside potential rather than breakdown risk.

The 100 EMA continues to act as dynamic resistance, keeping XRP contained for now. A clean break above $1.8 would likely lead to a move towards $3.2, followed by a larger measured move targeting $11.5.