Analyst Warns XRP Breakout Window Narrowing as Falling Wedge Approaches Apex

• EGRAG Crypto identifies XRP trading within falling wedge pattern approaching breakout point
• Failed May breakout at $2.65 followed by return to wedge structure due to lack of momentum
• Critical support at $1.47 lower trendline with potential retest of $1.9-$2 support box

Market analyst EGRAG Crypto has highlighted an imminent decision point for XRP as the cryptocurrency trades near the apex of a multi-month falling wedge pattern. His recent “tick tock” commentary suggests limited time remains for the current consolidation phase, with chart analysis indicating XRP must soon break either upward or downward from its narrowing price range.

The falling wedge formation has contained XRP price action since the token’s retreat from its seven-year peak of $3.4 earlier this year. XRP achieved that high following a dramatic 600% rally from $0.5 in November 2024 to January 2025’s peak, before encountering resistance that triggered the subsequent pullback and consolidation phase that has defined recent months.

Previous Breakout Attempt Failed to Sustain Above Wedge

XRP previously attempted to escape the falling wedge during May’s broader market recovery, reaching $2.65 and temporarily breaking above the upper trendline. However, the breakout proved unsustainable as the token failed to maintain strength above the resistance level, ultimately falling back within the wedge structure when retested by selling pressure.

The failed breakout highlighted the importance of sustained momentum for technical pattern completions. While XRP briefly achieved the price levels needed to confirm upward resolution, insufficient buying interest allowed bears to regain control and push the token back into its established trading range.

EGRAG’s analysis suggests the current attempt carries higher significance due to the wedge’s advanced stage. As falling wedges narrow toward their apex, the probability of decisive breakouts increases while the timeframe for continued consolidation decreases. This compression creates urgency for market participants to establish directional bias.

The analyst has outlined multiple probability scenarios for XRP’s next moves. A potential retest of the $1.9 to $2 support box could provide liquidity gathering opportunities before triggering more explosive recovery movements. Historical precedent supports this view, as XRP’s June 5 touch of $2 was followed by a 10.3% four-day rally.

However, EGRAG emphasizes the critical importance of the $1.47 support level, which aligns with the falling wedge’s lower trendline. This level represents the pattern’s structural foundation, and failure to hold above it could invalidate the bullish setup entirely. Such a breakdown would likely trigger accelerated selling as technical traders abandon long positions.