#Tariff Adjustment#

Giant Signal on XRP Chart! What is the Price Target of the Formation?
A promising technical development is taking place for XRP investors. The XRP/BTC trading pair has gained more than 7% in value over the last 24 hours, drawing attention. However, what is much more important than this short-term rise is the emergence of a significant technical formation in the chart structure: falling wedge (falling wedge).
A Falling Wedge is Forming on the XRP/BTC Daily Chart
According to TradingView data, the falling wedge formation in the daily XRP/BTC chart has started to become clearer. This formation is generally known as a precursor to bullish reversals. The falling wedge develops with progressively narrowing lower highs and lower lows; although the price action may appear negative on the surface, it actually represents weakening selling pressure.
The XRP/BTC pair has lost value against Bitcoin over the past two years, but in recent months, the price range has narrowed and trading volume has decreased. These technical developments may be early signs of an impending breakout.
A Strong Reaction Came for XRP on May 11: Is the Uptrend Beginning?
The XRP/BTC pair jumped nearly 9% from the lower boundary of the formation on May 11, rising to the level of 0.00002472 BTC. Although this move cannot be fully regarded as a breakout, it indicates that the bulls have started to step in.
RSI (Relative Strength Index): has risen to a level of 58, entering the neutral zone, which indicates a bullish momentum signal.
MACD (Moving Average Convergence Divergence): It showed a slight positive crossover, indicating an increase in buyer interest.
Eyes on the Upper Trend Line of the Wedge
However, in order for the rise to be confirmed, the XRP price needs to clearly break the upper trend line of the descending wedge and be supported by an increase in volume. If this happens, the long-awaited bullish breakout in the XRP/BTC pair may occur.
Such a break can enable Ripple not only to gain value against Bitcoin but also to re-establish its overall market dominance.
What Could the Goal Be?
If Ripple makes a significant breakout from this formation, the first stage could be the 0.00003 BTC region, followed by the 0.000035 BTC level being on the radar. In USD-based pricing, it has been previously mentioned by various analysts that Ripple has the potential to rise up to 3 dollars.
Result: Critical Junction Approaching
The technical structure formed in the XRP/BTC trading pair indicates a long-term strengthening potential for Ripple. Such formations are rarely seen, but when they break, they have the potential to bring sharp price movements.
The most important signals that investors should follow in the coming days:
Whether the price can break the upper line of the wedge
Whether this breakdown will be supported by volume or not
If these criteria are met, a new bull wave for Ripple may begin and the prolonged weak outlook against Bitcoin could come to an end.