- XRP holds near $0.54 with wedge support intact, building pressure for a breakout.
- Ripple’s bank charter push adds weight as XRP coils between $0.46 and $0.60.
- Price respects wedge structure since 2023, with momentum focused on July–August.
Ripple has officially applied for a U.S. banking license as XRP continues to press against key resistance. The move brings institutional legitimacy just as the chart signals a structural compression nearing resolution.
Falling Wedge Keeps XRP Trapped Between Resistance and Hope
XRP remains inside a long-term falling wedge, confined since March 2023 between defined horizontal support and descending highs. Traders have watched this range tighten across months of consolidation. The token’s current position hints at a technical inflection that may finally bring resolution.
XRP’s daily chart shows the token trading around $0.5377 after a 4.09% gain, resting just above lower wedge support. Price has moved between $0.46 and $0.60 in a steady rhythm, respecting the wedge structure with almost mechanical precision. The bottom trendline connects lows at $0.42 and $0.46, while resistance remains unbroken from February through July.
Source: (X)
Despite the compressing price action, XRP hasn’t broken the macro structure. The base remains intact, volume steady, and each bounce aligns with prior reaction points. This makes the chart one of the most technically respected wedge formations in the top crypto assets today.
Breakout Timeline and Structural Support Levels Come Into Focus
A breakout window appears between July and August, marked by expansion zones annotated on the chart. This projected range carries potential bullish momentum if confirmed with volume and strong candle bodies.
Price is still trading above a recent annotation dated March 7, 2025. This level acts as near-term reference support, indicating XRP’s current position is not only stable, but it’s aligned with the broader setup. As long as it remains above the lower edge of this wedge, the long-term bullish continuation remains in play.
The falling wedge acts as a correction phase inside a longer rising trend, based on prior vertical moves like the late 2022 breakout above $0.70. XRP’s higher macro lows suggest underlying strength beneath the surface. Despite downward pressure, it has resisted collapse, adding weight to a future upside push.
Historical horizontal zones at $0.4200, $0.3250, and $0.1993 form solid safety nets below. XRP holding 6th on CoinMarketCap reflects its staying power even while other altcoins have lost ground. Whether this breakout materializes or delays again, XRP continues to build quiet pressure under a technically confined yet emotionally loaded structure.
This isn’t just about price-it’s about whether XRP is preparing for a fresh leg higher or another grinding pause before liftoff.
