XRP Price Prediction: Bull Market Return Could Send Price to $3
XRP has been stuck near $1.50 in a falling wedge for months after its explosive August rally from $1 to almost $1.70. The crypto market is waiting for direction, but this structure tends to resolve with a sharp move.
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.
Our base case for the coming weeks is one more shakeout first: a dip toward the 200-day EMA at $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.