 
 
XRP is facing mixed sentiment as it pulls back from its recent all-time high (ATH) of $3.65, sparking debate over whether this is a healthy correction or a trend reversal.
According to renowned market analyst Lingrid, “XRP is bouncing after a classic fake break below the falling wedge and has reclaimed key trendline support. The price structure shows a clean bullish reversal setup with a breakout confirmation and a higher low formation.”
XRP is signaling a potential bullish reversal after a brief dip below its falling wedge pattern, which is likely a fake break.
Therefore, this swift recovery and reclaiming of key trendline support mark a pivotal shift in structure, drawing sharp attention from both technical traders and institutional investors.
Lingrid added that a sustained move above $3.10 could ignite bullish momentum toward the $3.55–$3.65 zone, with XRP regaining clear bullish control.
 
Similar sentiments were shared by CryptooMagnet who acknowledged that a bullish ascending triangle was forming and a breakout could launch XRP past $4.00 because strong support and rising momentum signal a potential explosive move.
At the time of this writing, XRP was hovering around $2.94, according to CoinMarketCap data.
Meanwhile, Ripple CTO David Schwartz recently revealed why bank partnerships hadn’t translated into billions in on-chain XRP volume, citing that many institutions have historically preferred off‑chain settlements for compliance reasons, not system capacity.
Source: https://zycrypto.com/the-xrp-fakeout-that-fooled-everyone-bulls-could-be-locked-and-loaded-for-all-time-high-explosion/