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XRP Falling Wedge Breakout Confirmed. Here’s the Key Test

XRP Falling Wedge Breakout Confirmed. Here’s the Key Test

TimesTabloidTimesTabloid2026/08/23 19:00

XRP has moved into a critical technical phase after breaking above a falling wedge on the weekly chart.

The chart shows XRP trading near $1.50 after a strong move from the $1 area. That recovery makes the recent breakout more significant, but JD identifies another level that could determine the next major move.

Falling Wedge Breakout

The yellow trendlines on the weekly chart form a falling wedge that developed after XRP reached its all-time high of $3.65 in July 2025. XRP continued to make lower highs while gradually moving toward the $1 region. The asset has now broken above the upper trendline. JD labeled the move “BREAKOUT!” on both the price chart and the RSI panel.

The breakout also occurred near the $1 support area. The chart marks $1.0133 as the 0.786 Fibonacci level. XRP then pushed sharply higher, reaching roughly $1.50. That move gives bulls an important technical development to build on.

The Blue Box Is the Next Test

JD’s chart places a blue box between roughly $1.85 and $1.95. This area previously acted as support during XRP’s decline. It now represents a major resistance zone. A weekly close above this region would strengthen the breakout setup.

That condition matters because the weekly RSI still carries a hidden bearish divergence on the chart. XRP therefore needs more than a short-term price surge. A sustained move through the blue box would provide the confirmation JD is watching.

RSI Adds Confirmation

The weekly RSI provides another important signal. The indicator had followed a long declining trendline while XRP remained under pressure. RSI has now broken above that trendline alongside the price breakout.

JD marked the RSI move as a breakout. The indicator has also climbed to about 56, moving above the 50 level. That combination gives the current rally stronger technical support. XRP has improved in both price structure and momentum.

A Decline Still Fits JD’s Outlook

JD leaves room for one more decline if XRP fails to reclaim the blue box. He expects one final low before a move toward new all-time highs. The chart places the key downside reference around $1.01. A return toward that area would revisit the 0.786 Fibonacci level and the recent low, confirming conditions for the next breakout.

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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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