XRP Price Prediction: XRP Holds $1.85 as Falling Wedge Hints at Gradual Recovery Toward $2.23–$3.00
The post XRP Price Prediction: XRP Holds $1.85 as Falling Wedge Hints at Gradual Recovery Toward $2.23–$3.00 appeared on BitcoinEthereumNews.com.
XRP is drawing renewed market attention as improving technical indicators, a developing falling wedge pattern, and sustained buying interest near key support levels reshape the near-term XRP price outlook. Recent price behavior suggests XRP is emerging from a corrective phase rather than accelerating into a fresh uptrend. The $1.85 zone has repeatedly attracted spot demand, indicating that buyers are willing to defend this level even amid broader market uncertainty. As the XRP current price stabilizes around $2.00, the focus has shifted to whether these signals can evolve into a confirmed breakout rather than another failed technical setup. Falling Wedge Pattern Signals Potential Reversal According to technical analyst Ali Martinez (Ali Charts), XRP’s 4-hour chart is forming a falling wedge—typically viewed as a bullish reversal structure when accompanied by sustained support and improving momentum. XRP could be forming a falling wedge, setting the stage for a bullish breakout to $2.23. Source: Ali Martinez via X “$XRP could be forming a falling wedge, setting the stage for a bullish breakout to $2.23,” Martinez noted, highlighting XRP’s ability to hold above the $1.85 support level. While falling wedges historically resolve to the upside in approximately 68%–74% of cases, based on studies by veteran chart analyst Thomas Bulkowski, these outcomes are most reliable in neutral or risk-on market conditions. In low-liquidity or macro-driven selloffs, similar structures have frequently failed. In XRP’s case, the current wedge stands out because it has formed after a measured pullback rather than a sharp capitulation, suggesting more orderly price discovery. However, downside risks remain. A decisive break below $1.85 would undermine the pattern and reopen the possibility of a deeper retracement, with some traders identifying sub-$1.20 levels as longer-term downside risk if broader market sentiment deteriorates. Buyers Show Signs of Regaining Control Short-term market structure points to fading selling…
Filed under: News - @ January 20, 2026 7:40 pm