Ripple Ready for Breakout: Analyst Sees Potential Move to $2.19

XRP has been in a period of consolidation since its sharp rally in mid-August. The asset's price has been grinding lower within a falling wedge, with highs and lows converging steadily.

Crypto commentator XRP Update shared a 4-hour chart that shows the setup is 'tightening around $1.33',

According to XRP Update, this pattern typically signals that selling pressure is losing momentum, as the narrowing range indicates a balance between buyers and sellers.

XRP Update outlined a two-stage breakout: reclaiming the channel above the wedge puts $1.60 in focus as the first level of resistance, followed by a potential move to $2.19, which sits well above the current price.