- XRP is at a critical turning point, with a wedge pattern signaling either a 70% crash or a 700% surge.
- A breakout above $3.50 could ignite a rally, while failure to hold $2 risks a sharp decline to $0.65.
XRP is standing at a critical inflection point, with a dramatic price swing potentially on the horizon. A rare ascending broadening wedge pattern on the chart has analysts warning of either a devastating 70% crash—or a face-melting 700% surge. With price action tightening and market sentiment on edge, Ripple’s native token is primed for a breakout—question is, which way?
Top crypto analyst EGRAG CRYPTO recently pointed out that XRP has formed an ascending broadening wedge, a technical pattern known for signaling extreme volatility. The current formation puts XRP price in a precarious position, with two very different outcomes on the table.
According to EGRAG’s analysis, XRP must close decisively above the $3.50 level to initiate a bullish breakout. If that happens, momentum could quickly carry the token past $5, potentially triggering a run to $17—representing a massive 700% rally from current levels. However, the chances of this scenario playing out are estimated at just 30%.
The more likely outcome, per EGRAG, is a bearish breakdown. With a 70% probability, XRP could tumble as low as $0.65 if it fails to hold the critical $2 support level—marking a steep 70% decline from its current price of $2.13.
Despite this ominous forecast, there are bullish signs beneath the surface. XRP has seen a surge in short liquidations, hitting $7.3 million in the past 24 hours—its highest level in two weeks. This wave of forced buying has contributed to the recent 3.3% daily gain and indicates growing buying pressure.
Funding rates have also flipped. After trending negative—suggesting traders were heavily shorting XRP—sentiment is shifting. Traders are now turning bullish, betting on a price rebound.
Ultimately, XRP’s fate could be decided by macro factors like a potential BlackRock spot ETF filing or XRP being cited by the US Treasury. Until then, the market watches and waits.
One thing is clear: XRP is at a crossroads, and the next move could reshape its trajectory for months to come. Buckle up.
