XRP Could Reach $3 if Bitcoin Reclaims Its Highs
XRP has been stuck near $1.50 in a falling wedge pattern, but its chart shows a bullish continuation pattern.
The price has been grinding sideways around $1.50, trapped inside a second falling wedge, while the rest of the market waits for direction.
The 200-day EMA sits at $1.37 and is finally curling upward after months of pointing down, which is the first time since spring that the long-term trend indicator is on the bulls' side.
The chart projects down toward $1.20 if it ran to completion, but these patterns usually break before the apex, and the last one did exactly that.
The base case for the coming weeks is a shakeout to $1.37, possibly a brief wick into the $1.30 support, would flush out late longs and reset funding before the real move.
If the price breaks down instead and loses $1.30 on a daily close, the bullish wedge is invalidated and the next stops are $1.20 and the $1.00 floor.
The $3 XRP price prediction only plays out if Bitcoin reclaims its highs and risk appetite returns to altcoins.
The chart gives us a clear roadmap with four stages: breaking the wedge, reclaiming $1.50; building a base between $1.80 and $2.20; clearing $2.20 and running to $2.75; and the $3 test.