- The XRP recovered its position after the powerful wedge support at $2.04, which further strengthened the existing upward technical setup.
- Traders are still monitoring the resistance level of $2.28 as the first major obstacle in the short term.
- Projected charts indicate there is a systematic movement to the price of $3.50 as long as buyers keep the momentum due to present support of the trend.
XRP was also performing well in the recent trading and the price has recovered after a significant wedge support level on the daily chart. The price of the token at reports was noted to be $2.19, which is a 0.4% growth in the last seven days. The interest of the market still lies in the possibility of the break out structure to hold on as the traders monitor the broader pattern of consolidation.
Price action that was held between the known trend boundaries strengthened short-term technical structure. The chart also demonstrates a recovery path that may lead towards the $3.50 level assuming the present trend is maintained and the buyers are holding the support levels. Analysts monitored the price closely due to the continued respect of lower trendline support, helping shape the next potential move.
XRP Holds Crucial $2.04 Support as Price Compresses Toward Key Wedge Boundary
The asset maintained stability above the $2.04 support area, which acted as a critical level in recent sessions. This remained notable since the chart shows repeated rebounds from this zone in prior weeks. XRP also traded within a daily range with overhead resistance located at $2.28, limiting short-term upside progress.
However, buyers still maintained positioning near the trendline bottom, which kept price structure orderly and directional. Market participants continued to pay attention to the wedge boundary, as breakdowns or recoveries from this level often shaped the next movement. Therefore, defending the $2.04 region remained a priority during the recent week.
XRP Tests $2.28 Resistance as Wedge Breakout Strengthens Toward a Potential Target
Price action approached the $2.28 resistance zone, which served as the market’s first testing point on the current rebound. Traders assessed whether volume could support a push through the boundary, especially after several rejections in recent attempts.
However, the trend remained constructive since the breakout path on the chart showed potential steps toward the projected $3.50 level. Each attempt to break above $2.28 placed more pressure on short-term positioning, which kept the market focused. The 6.0% gain against Bitcoin over seven days highlighted stronger relative performance and added more attention to ongoing bullish structure
The chart presented a structured wedge breakout with price advancing from the lower trendline and maintaining upward projection. This movement aligned with the outlined path showing a possible move toward higher levels if structure holds. Transitioning from support reinforced trader confidence in the ongoing trend development.
