XRP Chart Wedge Dey Show Breakout Wit 4% Upside
For the 15-minute chart, XRP dey trade inside symmetrical wedge for Binance. The XRP chart dey show price compression between descending upper trendline and rising lower trendline. After e drop below $2.77, the digital asset bounce sharply come reach $3.09. Key Fibonacci extension supports dey at $3.06, $3.03, and $2.98, + deeper backstop at $2.77. The rebound follow Ripple legal win over SEC. Clear break above the wedge’s upper boundary fit trigger price discovery phase. Short-term targets dey at $3.168, $3.206, and $3.219—gain of 2.5% to 4.1%. But the RSI read 78.75 show say e overbought, fit drop back to $3.06 or $3.03. Traders suppose watch if buyers go defend these support levels. Sustained breakout fit push price higher and confirm the bullish wedge setup.
Bullish
Armando Pantoja analysis dey show symmetrical wedge for XRP 15-minute chart, dis kain pattern dey usually come before strong breakout. Di rebound from $2.77 demand plus Ripple legal win over SEC dey add bullish momentum. Targets wey dey between $3.168 and $3.219 get 2.5%–4.1% upside. Even though RSI talk say e overbought, similar wedge breakouts for crypto dem don bring quick gains after small pullback (like Bitcoin 2021 wedge breakout). For short term, traders fit see small pullback go Fibonacci supports for $3.06 or $3.03. If e break above di upper trendline steady, e fit start new price discovery phase and make more buying come join. All in all, market condition and technical setup dey support bullish outlook.