XRP Set to Blast Off as Falling Wedge Breakout Looms

Crypto analyst Crypto Michael is predicting an imminent breakout for XRP, suggesting that the asset could rally by over two times its current price if it breaks out of a falling wedge formation.

The falling wedge pattern has been forming on XRP's weekly chart since November 2024 and has compressed the coin's price action. The support trendline is around $2.10, while the upper trendline is in the vicinity of $3.66, which was reached in July 2025.

XRP's price has consistently formed lower highs and lower lows since its peak at $3.66, causing the upper and lower resistance to tilt closer together and creating a more constricted consolidation.

A strong start to July saw XRP bounce from the support trendline, up 6% from the lows to $1.06. Crypto Michael expects the asset to break out soon towards the $1.90-$2.10 price region, which is a crucial support area for XRP.