XRP is facing a critical test as it approaches the $2.35 resistance level, with mixed signals across key timeframes keeping traders on edge. While a bullish breakout from a falling wedge on the 3-day chart signals upside potential, the 4-hour chart is flashing warning signs of a possible pullback. As buyers and sellers fight for control, the $2.35 zone could determine XRP’s next big move.
Falling Wedge Breakout Points to Bullish Reversal
Crypto analyst LSplayQ recently highlighted a significant development on XRP’s 3-day chart, a breakout from a falling wedge pattern. This type of setup is typically seen as a bullish reversal signal, indicating that downward momentum is fading and buyers are regaining strength.
Since the breakout, XRP has climbed to around $2.26, and LSplayQ believes that the move opens the door for a run toward $2.72, representing an upside of roughly 20% from current levels.
However, the analyst also issued a note of caution: if XRP falls back below the wedge breakout level, a retest of the $2.10 support zone could follow. For now, the technical structure remains bullish as long as XRP holds above the former resistance level of the wedge.
Short-Term Momentum Slows: Is XRP Forming a Trap?
On the shorter-term 4-hour chart, another prominent analyst, The Crypto Bushman, has raised concerns about a potential rising wedge pattern, which often precedes bearish reversals. While XRP is still trading above the 20- and 50-day EMAs, momentum indicators are beginning to falter.
Bushman points to a flattening MACD and declining volume, both of which suggest the current uptrend may be losing steam. “These are classic signs of a potential trap move,” the analyst warned.
The critical level to watch is $2.35. A decisive rejection at this resistance could send XRP tumbling back toward $2.25, and a breakdown below that may confirm the reversal.
On the flip side, a clear breakout above $2.35 with strong volume could validate the bullish thesis and fuel a rally toward $2.50 or higher, reinforcing XRP’s breakout from the larger wedge pattern.
Conclusion: All Eyes on $2.35
The $2.35 level stands as the immediate battleground for XRP. A strong move above could confirm bullish continuation from the wedge breakout, while failure to break through could trigger a deeper correction. With momentum slowing on short timeframes but long-term bullish patterns still intact, the next few candles will be critical.
As always, traders should watch for volume confirmation and set clear risk levels, especially in volatile setups like these.
