Analyst to XRP Holders: The Coming Pump Will Make Us All Rich

Crypto analyst STEPH IS CRYPTO has shared a new technical outlook on XRP, pointing to what he identifies as a falling wedge formation on the weekly chart.

In his post, he wrote, “$XRP falling wedge. The pump will make us all rich!” The statement was accompanied by a chart illustrating XRP trading against Tether on the Binance weekly timeframe.

The attached chart shows XRP’s price action compressing between two downward-sloping trendlines, forming a narrowing structure typically associated with a potential bullish reversal.

The upper resistance line slopes downward from a recent local high, while the lower support line connects a series of lower lows. The wedge appears to be approaching its apex, a point where price volatility often tightens before a decisive move.

The chart also includes a projected upward trajectory drawn in green, suggesting a strong breakout that could send XRP significantly higher if the pattern resolves to the upside. Based on the vertical scale displayed, the projected move extends toward the mid-$4 range, well above the current price zone shown near the lower boundary of the wedge.

Weekly Timeframe Emphasizes Broader Trend

The analysis is based on the one-week timeframe, which generally carries greater weight among technical traders than shorter-term charts. A falling wedge on this timeframe can indicate that selling pressure is gradually weakening as price consolidates within converging trendlines.

In the chart, XRP previously experienced a sharp upward impulse before entering a corrective phase. Since then, the asset has been forming lower highs and lower lows within the wedge structure. The narrowing range suggests declining volatility, which traders often monitor for signs of an impending breakout.

STEPH IS CRYPTO’s commentary was brief and direct, focusing primarily on the pattern itself and its bullish implications. No additional indicators, such as volume metrics or oscillators, were included in the shared image.

Community Reactions Stress Confirmation, and Volume

Several responses to the post offered a more cautious interpretation. A user identified as JCACTrades noted that a falling wedge does not automatically translate into immediate gains, stating that on XRP, more than 60 percent of wedges fail if sufficient volume does not accompany the breakout. This comment underscores the importance many traders place on volume confirmation when assessing chart patterns.

Another commenter, BULLIEVE, acknowledged that the pattern appears present but emphasized the need to wait for confirmation through a clear breakout. Meanwhile, PromptSystems pinpoints the psychological dimension of trading, stating that emotional discipline plays a critical role in achieving consistent results.

While STEPH IS CRYPTO expressed strong confidence in a bullish outcome, the responses reflect a broader understanding within the XRP community that chart formations require confirmation before being validated. For now, XRP remains within the boundaries of the falling wedge, with market participants closely watching for a decisive move beyond resistance.

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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