Fun

XRP Silent Accumulation: A Falling Wedge On The Verge Of Explosion

News Feed - 2025-06-27 07:06:30

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


After months of muted price action, XRP appears to be quietly building pressure within a textbook falling wedge formation. With over seven months of consolidation and recent price activity pressing up against the wedge’s resistance, subtle bullish signs are beginning to emerge. As momentum coils tighter, this silent accumulationphase could be setting the stage for a significant breakout. XRP Chart Indicators Echo Uncertainty


In a recent X post, GemXBT highlighted that XRP is currently exhibiting a sideways market structure. The price has been hovering around the $2.19 mark, showing signs of consolidationrather than a clear trend. This range-bound movement suggests that neither bulls nor bears are in control at the moment. Related Reading Expert Charts 1,400% Course To $7.5 For XRP Price As RSI Falls To All-Time Low 1 year ago


GemXBT further pointed out that the short-term moving averages — specifically the 5MA, 10MA, and 20MA- are beginning to converge. This alignment typically signals marketindecision, and when combined with a neutral RSI reading near 50, it reinforces the lack of directional bias. Such conditions often precede a significant price move, though the direction remains uncertain. XRP building momentum | Source: GemXBT on X


Adding to the neutral outlook, GemXBT noted that the MACD is flat, reflecting a lack of momentum in either direction. Volumeis also relatively low, suggesting reduced trader participation and a possible wait-and-see approach by the market. This quiet environment could persist until a breakout or breakdown confirms the next move for XRP. A Bullish Break May Be Brewing


According to XRPunkie in a poston X, XRP has been stuck in a falling wedge structure on the weekly chart for the past seven months. This prolonged consolidation phase reflects a period of tight price movement, with XRP gradually coiling within narrowing boundaries. Such a pattern often signals a potential breakout in the making, especially when observed over an extended timeframe. Related Reading Ripple Plans To Take 14% Of SWIFT Volume, USDC Lands On XRPL – What Does This Mean For XRP Price? 1 week ago


XRPunkie further highlighted that the past seven weeks of price action have occurred just beneath the wedge’s resistance line. This consistent pressure near resistance indicates growing strength on the buyers’ side. Additionally, XRP has formed a hidden bullishdivergence, a signal that often hints at a continuation of the prevailing trend, in this case, pointing toward a possible upward move.


The analystemphasized that repeated testing of a resistance zone tends to weaken it over time. With XRP continuously knocking on the upper boundary of the wedge, XRPunkie believes a breakout may be imminent. He concluded with a clear stance: “Overall Bullish Soon,” suggesting that market conditions could soon favor the bulls if current momentum holds.


At the time of writing, XRP was trading at $2.17 with a $128.61 billion market capitalization and $2.59 billion in 24-hour trading volume, reflecting ongoing consolidation in the market. XRP trading at $2.16 on the 1D chart | Source: XRPUSDT onTradingview.com Featured image from Getty Images, chart from Tradingview.com

News Feed

Police in Kosovo Seize Crypto Mining Rigs From Serbs
Police in Kosovo Seize Crypto Mining Rigs From Serbs Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country.
‘No Middle Class Left,’ ‘Millions Will Be Wiped Out’ — Two Market Crash Predictions, Gas Cartels, and Whales Moving Mt Gox Coins: Bitcoin.com News Week in Review
"No Middle Class Left," "Millions Will Be Wiped Out" — Two Market Crash Predictions, Gas Cartels, and Whales Moving Mt Gox Coins: Bitcoin.com News Week in Review In this week
Hermi De Ramos12 hours agoAbu Dhabi grants virtual asset firm M2 permission to offer crypto servicesThe M2 platform will launch later in 2023, allowing UAE-based retail and institutional clients to buy, sell and custody
Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate
Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate A former Microsoft software engineer and
Bitcoin Snaps Back After Slight Dip, Current BTC Chart ‘Is Near Identical to August 2017’
Bitcoin Snaps Back After Slight Dip, Current BTC Chart "Is Near Identical to August 2017" Digital currency prices are on the move again, after tumbling a hair do
Greenpeace Unveils ‘Skull of Satoshi’ to Spark Debate Over Bitcoin’s Environmental Impact; Creator Clarifies It ‘Wasn’t Meant to Be Anti-Bitcoin’
Greenpeace Unveils "Skull of Satoshi" to Spark Debate Over Bitcoin"s Environmental Impact; Creator Clarifies It "Wasn"t Meant to Be Anti-Bitcoin" Greenpeace, the well known environ
Study Identifies the Top 10 States in America Most Interested in Bitcoin, Ethereum
Study Identifies the Top 10 States in America Most Interested in Bitcoin, Ethereum On September 2, the crypto market aggregation web portal Coingecko.com published a study that ide
Bitcoin Charts ‘Death Cross’ After 47% Price Drop From 2019 High
View Bitcoin has charted a so-called death cross with recent the drop to $7,400. The bearish cross comes as a result of the 47 percent slide from the 2019 high of $13,800, and as such is a lagging indicator. Historical d
David Attlee48 minutes agoOman launches $350M crypto mining center: ReportThe mining facility comes as part of a plan to accelerate the digitalization of Oman’s economy, which is mainly dependent on oil exports.385 Tot
HTC Unveils Privacy Protecting 5G Router, Pundi X Finalizes Blockchain Phone Prototype
HTC Unveils Privacy Protecting 5G Router, Pundi X Finalizes Blockchain Phone Prototype Product announcements in the mobile and internet communications sector have indicated that
IMF Warns Against Adopting Crypto Assets Like Bitcoin as Legal Tender
IMF Warns Against Adopting Crypto Assets Like Bitcoin as Legal Tender The International Monetary Fund (IMF) has warned against adopting cryptocurrencies, like bi
Regulatory Roundup: China Blockchain ETF, France New Crypto Rules, Tokens Like Money in Russia
Regulatory Roundup: China Blockchain ETF, France New Crypto Rules, Tokens Like Money in Russia In this roundup, we cover Russia’ssupreme court recognizing tokens as assets