XRP Price Breaks Falling Wedge, Eyes 60% Rally
Author: Yashu Gola
Published: August 24, 2026
Summary
XRP is currently attempting to break out of a falling wedge pattern on its weekly chart, which could lead to a significant price rally of approximately 60% towards the $2.43 mark. This pattern emerged after XRP reached a peak of around $3.60 in mid-2025, followed by a prolonged downtrend characterized by lower highs and lower lows, forming a classic falling wedge structure.
Key Points
- XRP is trading at $1.48, having recently surpassed resistance levels, with increased trading volume indicating bullish momentum.
- A weekly close above the $1.50-$1.55 range would confirm the breakout from the falling wedge, strengthening the bullish outlook.
- The next major resistance target is set at $2.43, which represents a potential 60% increase from current levels.
- However, if XRP falls back below the wedge resistance, it could signal a failed breakout.
Technical Analysis
The falling wedge pattern typically resolves to the upside when the price breaks above the upper trendline. Currently, XRP is facing resistance at its 50-week exponential moving average around $1.54. The relative strength index (RSI) has also shown improvement, indicating a rebound towards bullish territory.
Whale Activity and Market Sentiment
On-chain data reveals that whale flows for XRP are becoming more positive, suggesting that large holders are accumulating XRP or reducing selling pressure. This shift in whale activity is seen as a bullish divergence, indicating that the price may soon reflect this improved sentiment. The recent price movement towards $1.50 could be a sign that XRP is catching up with the positive behavior of large holders.
Conclusion
If XRP can maintain positive whale flows and successfully break through the $1.50-$1.55 resistance zone, it could pave the way for a rally towards $2.00 and eventually $2.43. Traders and investors should monitor these levels closely as they could indicate a significant shift in market dynamics for XRP.