Analyst Says One Move Can Trigger Major Squeeze, Sets Price Target

Crypto analyst Xaif (@Xaif_Crypto) shared a technical analysis of XRP, outlining a potentially bullish scenario as the digital asset appears to be breaking out of a falling wedge pattern. The chart illustrates price action on the daily timeframe, strongly focusing on structural resistance levels and the projected bullish move. Xaif’s chart captures a series of lower highs and lower lows confined within two converging trendlines, forming a falling wedge—a pattern typically considered bullish upon breakout. The breakout appears to be underway just above the $2.07 level, with XRP attempting to flip the $2.1665 resistance into support. $XRP / Bullish Breakout Imminent? 📈 XRP bulls eye $2.60 – One move can trigger a major squeeze 👊🚀 pic.twitter.com/yW53dVuHBp — 𝕏aif🇮🇳|🇺🇸 (@Xaif_Crypto) April 21, 2025 The structure suggests the digital asset could target the next major resistance at $2.6010 if this level holds. Recent analysis also points to this level as the target for a bullish pennant formation , adding credence to Xaif’s prediction. XRP’s Journey to the Falling Wedge Breakout The chart also shows previous significant price movements, including the digital asset’s remarkable surge in late 2024 and early 2025. The asset began this notable rally after former SEC Chair Gary Gensler announced his resignation date in mid-November 2024. However, it faced resistance at $1.96 (its 2021 peak), closing the month just below this level. The surge continued in January when XRP breached $1.96 and crossed $2 for the first time since 2018. The asset outperformed expectations, culminating in a multi-year high of $3.39 in January. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Following this surge, the asset entered a corrective phase, starting the falling wedge pattern. Now that the asset has broken through the upper trendline, Xaif noted that one move could trigger a major squeeze, causing another massive rally once XRP confirms the bullish trend. Key Levels to Watch The analyst marked out key support and resistance levels. $1.7980 is a support zone, while $2.1665 is a critical midpoint that XRP must reclaim to confirm a breakout. The upper boundary at $2.6010 represents a potential target if momentum sustains. The asset has not moved much recently, as it is trading at $2.08, slightly higher than the price of $2.0776 at the time of Xaif’s analysis. Other analysts have expressed confidence in XRP’s future , and Xaif’s bullish outlook hinges on a successful retest and consolidation above the $2.1665 level. If the price fails to hold above it, the wedge breakout could turn into a fakeout, pushing the asset down toward the $1.7980 support. 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 urged to do in-depth 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. Follow us on X , Facebook , Telegram , and Google News The post Analyst Says One Move Can Trigger Major Squeeze, Sets Price Target appeared first on Times Tabloid .

Source: TimesTabloid