Ripple (XRP) has been facing selling pressure due to trade tensions between the US, China, Mexico, and Canada, causing a breakdown in its ascending wedge pattern. This has increased market uncertainty and volatility, with a potential retest of the broken wedge boundary as resistance. If this resistance holds, XRP could enter a consolidation phase or experience further downside movement. On lower timeframes, the price has dipped into a liquidity pocket but quickly recovered, with the $1.9 level serving as crucial support. However, resistance near the $2.5 mark has led to a temporary rejection, and price action is expected to remain volatile between $1.9 and $2.5 until a definitive breakout occurs.
Content Editor ( cryptopotato.com )
- 2025-02-04
Ripple Price Analysis: Is XRP Truly in the Clear After 10% Daily Rebound?
