Top Analyst Says XRP Chart Is Showing Only One Direction from Here
A tightening price structure on the weekly chart has put XRP in focus as traders watch for a decisive move. Crypto analyst CryptoBull (@CryptoBull2020) shared a chart outlining this setup and stated clearly that there is “only one direction from here: UP!”
The chart highlights a multi-month consolidation phase following a strong rally in late 2024. XRP now trades within converging trendlines, creating a formation that can be read as either a triangle or a falling wedge. CryptoBull reinforces his view by adding that “all technicals say this is bullish.”
#XRP chart is showing only one direction from here: UP! Whether you look at it and see a triangle or a falling wedge, all technicals say this is bullish. pic.twitter.com/Z1kRXX51f5
— CryptoBull (@CryptoBull2020) April 27, 2026
Structure Shows Tightening Price Action
On the weekly timeframe, XRP established a clear uptrend, rising by 500% between late 2024 and early 2025 before entering a period of consolidation. Since then, its price has formed lower highs while maintaining higher lows. This structure reflects a narrowing range that continues to tighten.
This trend formed the symmetrical triangle on CryptoBull’s chart. However, XRP experienced another notable surge in July 2025, rising to a new all-time high of $3.65. This move formed the top of the falling wedge, adding another bullish pattern to the setup.
The falling wedge now connects the rejection points from 2025 and 2026. Each rally attempt stalled below the previous high. At the same time, the ascending support line shows buyers stepping in earlier on each pullback. This combination signals compression. Volatility has declined as the price approaches the apex of the pattern. That phase often leads to a breakout once the range becomes too tight to sustain.
The Falling Wedge Supports the Bullish Case
The falling wedge pattern forms when the asset’s price trends downward within narrowing boundaries. It often points to weakening selling pressure. In this case, the slope of the resistance line shows a gradual decline in highs. However, the downward movement lacks strength. Candles appear smaller, which signals reduced momentum from sellers.
Meanwhile, the rising support line shows steady demand. Buyers continue to enter the market at higher levels. This creates upward pressure beneath the price. A breakout above the wedge resistance would confirm this bullish setup.
What Comes Next for XRP?
The immediate focus remains on the upper trendline. A weekly close above this level would validate the breakout. Higher timeframe setups like this tend to carry more weight. They often lead to sustained trends rather than short-term fluctuations. If XRP confirms the breakout, traders will likely look toward previous highs as the next key levels.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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