Ah, Ripple. Just when you thought it couldn’t get more exciting, XRP has decided to break out of its comfort zone and bid farewell to its stubborn descending wedge. But, wait—before you start ordering champagne, there’s a little hiccup ahead. Resistance, baby. Big, scary, not-so-friendly resistance. Let’s dive in!
Hold On Tight, XRP Just Got a Little More Interesting!
By Shayanmarkets
The Daily Chart: XRP’s Bold New Moves
After months of patiently sliding down a slope, XRP has finally broken out of that tiring descending wedge pattern. How thrilling! The breakout happened right at that oh-so-glamorous $2.36 level, where the wedge’s upper boundary thought it could tango with the 200-day moving average. Surprise, surprise! This move isn’t just a price shift—it’s the market sending a clear message: “We’ve got better things to do than go sideways.”
But, of course, life is never that simple. XRP now has to face a big, bad wall at $2.47. It’s the same wall that’s given it side-eye in the past. Will it break through? Or will it just look at the wall and back away, pretending it never saw it? It seems the price might chill in a little sideways action between $2.36 and $2.47 while it contemplates life, the universe, and what comes next. Will the buyers come to the rescue? We can only hope!
The 4-Hour Chart: XRP’s Roller Coaster Ride Continues
On the smaller timeframes, Ripple is putting on quite the show! It’s charging past the $2.3 resistance like it’s in a hurry to get somewhere important. This breakout has had some serious bullish vibes—big candles, tons of energy, and a general feeling that things are about to get even more interesting. But don’t get too comfortable. There’s a nasty little supply zone and bearish order block between $2.42 and $2.47. Guess where that lies? Right at the same spot where XRP last faced rejection. Ouch.
But hey, it’s not all doom and gloom! Just above that ceiling, there’s some tasty buy-side liquidity. This could lure the smart money to start playing the game, ready to pounce when the time is right. Will XRP get rejected like last time, or will it power through to bigger and better things? Stay tuned!
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2025-07-10 17:26