Analyst Says We Will See an XRP Major Move in the Next 48 Hours

A tightening price structure in XRP is signaling that a decisive move may be imminent. Crypto analyst Bird (@Bird_XRPL) stated, “I think we see an XRP move in the next 48 hours,” alongside a chart that shows a clear technical setup now nearing resolution.

The current formation reflects a market that has stabilized after volatility and is preparing for its next direction.

XRP’s Recent Performance

At the time of Bird’s projection, XRP was trading at $1.56, with some stability in several sessions. The recent price action shows lower highs and relatively stable lows, which is characteristic of the descending wedge observed on the chart. This suggests that selling pressure has weakened, while buyers remain interested around the $1.35 level.

XRP previously experienced a sharp drop, followed by a strong recovery to the current range. This recent consolidation appears to be setting the stage for a decisive move.

Chart Analysis

The chart shows two converging white trendlines forming a falling wedge. The upper trendline connects XRP’s lower highs, while the lower trendline links recent lows. The asset’s price is now near the apex of the wedge.

Bird’s chart includes a green arrow projecting a potential upward move once XRP breaks above the wedge. The breakout point sits just above $1.6, which would mark a critical level for bulls.

Falling wedges are generally considered bullish patterns. The narrowing range indicates reduced volatility, which often precedes a decisive directional move. If XRP breaks above the upper trendline, it could trigger renewed buying interest. If XRP can cross $1.6, it could gain renewed interest from buyers and climb even higher.

Short-Term Outlook

XRP’s immediate support sits around $1.35, which has held through multiple tests. A sustained move below this level could delay upward momentum, though the chart currently suggests stability.

On the upside, surpassing $1.4 and breaking above the wedge would open the door for further gains. Bird’s analysis reinforces the notion that a significant move may occur within the next 48 hours, making this period crucial for market participants.

Smart investors see XRP at $1.36 as a major buying opportunity. Once the upward move begins, those who failed to get in early could miss out on potential gains. Market watchers will closely follow the wedge and the behavior of XRP as it approaches the breakout level.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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