XRP breaks through key wedge! Ripple emits strong bullish signals, next stop 3.6 USD?

Ripple (XRP) has recently attracted a large influx of buying, pushing the price to successfully break through the upper boundary of a long-term falling wedge. This action is seen as a clear signal of a bullish market structure shift. Although a pullback may still occur in the short term, the technical indicators show that long positions are gradually taking control, and the next step may challenge higher resistance levels.

Daily Chart Analysis: Breakthrough Confirmed, Long Positions Prevail

(Source: Trading View)

On the daily chart, XRP benefits from the double support of the 100-day moving average and the $2.7 wedge lower boundary, with buying pressure continuing to strengthen.

The price broke through the upper boundary of the wedge at $2.9, marking a shift in market structure from bearish to bullish.

In the short term, $2.9 is expected to become a pullback support level. If it maintains stability in this range, it will lay the foundation for further upward movement.

The upper targets are located at the resistance zones of 3.4 dollars and 3.6 dollars, and these two price levels may become the next battleground for long positions.

4-hour chart analysis: 3 dollars becomes a key watershed

In the 4-hour chart, the breakout momentum of XRP is more evident, with the price breaking into the $3 supply zone:

If long positions successfully stabilize above 3 dollars, the short term is expected to directly target the 3.4 dollar resistance level.

If it encounters resistance at 3 dollars, the price may pull back to the trendline that broke the falling wedge, which will test the demand support in that area.

Market Outlook and Strategy Recommendations

Bullish scenario: Maintain the range of 2.9–3 USD, momentum continues, target 3.4 USD and 3.6 USD.

Bearish scenario: $3 facing resistance, pulling back to $2.9 or wedge trendline seeking support.

Short-term traders can focus on the struggle for long positions and short positions at the $3 level, while medium to long-term investors can wait for a pullback confirmation before making their layout.

Conclusion

The technical breakout of XRP has injected new bullish confidence into the market, but before challenging higher targets, attention must still be paid to the key defense at the 3 dollar level. If long positions successfully hold this price level, Ripple is expected to initiate a new round of upward momentum, even aiming for 3.6 dollars.