Analyst Spots Monster Wedge On XRP Daily Chart, Says XRP Will Fly Once This Happens

XRP is currently trading at $2.16, quietly coiling beneath the surface as traders brace for a potentially explosive move. According to crypto analyst Gordon, the asset is approaching the edge of a massive technical formation that could soon redefine its trajectory. In a recent post on X, Gordon identified a “monster of a wedge” on XRP’s daily chart and confidently predicted, “When this breaks, it will FLY.” His observation has ignited fresh optimism among XRP holders, many of whom have been patiently waiting for a strong breakout after months of sideways consolidation. A Monster Wedge: Technicals Signal Imminent Breakout The wedge pattern forming on XRP’s daily timeframe is not a minor development. It’s a classic technical structure, characterized by converging trendlines that reflect tightening price action and diminishing volatility. Over time, as the range narrows, the pressure builds, often culminating in a violent breakout once one side of the wedge is breached. Monster of a wedge on the Daily for $XRP . When this breaks it will FLY. Stay ready. pic.twitter.com/favMXVYIWA — Gordon (@AltcoinGordon) June 19, 2025 Gordon’s description of the pattern as a “monster” reflects the scale and duration of the setup. This isn’t a short-term fluctuation, but a long-form structure stretching over weeks, if not months. The longer the price stays within the wedge, the more energy builds for the eventual breakout. With XRP now nearing the apex of the wedge and fluctuating tightly around $2.16, the setup appears nearly complete. Why This Breakout Could Be Explosive What makes wedge breakouts particularly impactful is their tendency to release pent-up momentum. When price escapes the boundaries of a well-defined wedge, especially one formed over a long period, traders often see sudden spikes in volume and acceleration in price. Gordon’s claim that XRP will fly speaks to this dynamic. If XRP breaks above the upper trendline with conviction, it could rapidly push toward key upside targets around $2.70, $3.00, or even $3.61. Technically, the signs are aligning. Moving averages on the daily chart, including the 20-day and 50-day exponential moving averages, are beginning to converge, a classic signal that volatility is about to expand. Meanwhile, trading volume, though not yet spiking, has shown consistent underlying support—another ingredient for a potential breakout. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Legal Context and Market Sentiment Add Fuel Beyond the chart, broader market sentiment and legal developments could amplify XRP’s next move. Ripple’s legal battle with the U.S. Securities and Exchange Commission is now at a crucial stage . The company has submitted a revised filing following a previous procedural rejection, and both Ripple and the SEC now await Judge Analisa Torres’ final decision on whether the injunction on XRP’s institutional sales will be lifted. This looming verdict is keeping traders on edge. A favorable ruling could unleash a surge of institutional confidence, providing the kind of fundamental catalyst that matches the technical breakout Gordon anticipates. Even without a ruling, the expectation alone may act as a tailwind. Additionally, with the broader crypto market showing signs of renewed strength, XRP is positioned to benefit from sector-wide momentum. Should Bitcoin and other major altcoins continue to trend higher, XRP could ride that wave, further fueling a wedge-driven breakout. The Final Countdown XRP’s price compression near $2.16 suggests that the wedge is reaching its breaking point. Whether the breakout comes in a matter of days or weeks, the technical structure Gordon highlighted is impossible to ignore. As the chart tightens and external catalysts loom, traders are closely watching for the moment the wedge gives way. For now, the advice is clear—stay ready. If Gordon is right, XRP won’t just move. It will fly. 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 Twitter , Facebook , Telegram , and Google News The post Analyst Spots Monster Wedge On XRP Daily Chart, Says XRP Will Fly Once This Happens appeared first on Times Tabloid .

Source: TimesTabloid