XRP (XRP) is attempting to break out of a months-long falling wedge on the weekly chart, raising the possibility of a broader bullish reversal toward the $2.43 region.
A 60% XRP Price Breakout Likely
The pattern developed after XRP peaked near $3.60 in mid-2025 and subsequently entered a prolonged downtrend. Since then, its price has formed lower highs and lower lows between two converging descending trendlines, creating a textbook falling wedge structure.
Falling wedges typically resolve to the upside when price breaks decisively above the pattern’s upper trendline.
XRP is now trading near $1.48 after pushing above that resistance, accompanied by a noticeable increase in weekly trading volume. Its relative strength index has also rebounded toward 55, suggesting improving bullish momentum.
Still, XRP faces an immediate hurdle at its 50-week exponential moving average near $1.54. A decisive weekly close above the $1.50-$1.55 region could confirm the wedge breakout and strengthen the case for further gains.
The next major upside target sits near $2.43, a historical resistance level marked on the weekly chart. Reaching it would amount to roughly a 60% rally from current prices.
Conversely, a drop back below the wedge resistance would increase the risk of a failed breakout.
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See all Ripple forecastsXRP Whale Flows Strengthen the Bullish Case
XRP’s on-chain picture is also beginning to support the bullish technical setup, with whale flows turning positive even as price spent much of 2026 under pressure.
CryptoQuant’s whale-flow chart shows large-holder activity recovering sharply from deeply negative readings seen in late 2025 and early 2026. Since then, the metric has moved back above the zero line and remained mostly positive while XRP continued trading near cycle lows.
That creates a bullish divergence, suggesting whales were accumulating or reducing selling pressure before price began to recover. The latest XRP rebound toward $1.50 may therefore reflect price finally catching up with improving large-holder behavior.
If whale flows remain positive while XRP clears the $1.50–$1.55 resistance zone, it would strengthen the case for an extended move toward $2.00 and eventually $2.43.