XRP Price Prediction: Analyst Says Falling Wedge Points to a Bounce Soon

XRP has been on a quiet run. But if you look past the boredom, the charts are actually whispering something interesting. Crypto analyst Jonathan Carter just pointed out a falling wedge on the 2-day chart, and the whole setup is starting to look like a spring getting pressed down. 

The XRP price has been drifting sideways near $1.34 for weeks now, and most traders have already looked away. But that's exactly when things get interesting. Falling wedges don't get much attention until they break, and the ones that form on higher timeframes like the 2-day chart tend to produce moves that catch everyone off guard. Let’s walk through the data.

What the XRP 2-day chart shows

We had a look at the chart, and Carter’s observation is spot on. The XRP price has been making lower highs and lower lows, but the range between those highs and lows is getting tighter. That’s the falling wedge. 

Right now, price action is at the lower edge of that wedge, which historically has been a spot where buyers step back in. Carter marks a clear entry zone right around current levels, with a support zone underneath that has held multiple times. Volume is also showing up at 45.27M XRP, nothing explosive yet, but steady enough to suggest someone is accumulating quietly.

The key thing here is that the XRP price isn’t breaking down. It’s just resting on that lower line, and every test of support has been met with a small bounce. Carter’s targets are $1.62, $2.06, $2.66, and $3.45. Those aren’t random numbers. They line up with previous resistance zones and Fibonacci extensions from the wedge’s widest part. If the wedge breaks upward, the first stop is $1.62, which is roughly where the 0.382 Fibonacci retracement sits on higher timeframes.

What on-chain data adds to the story

Glassnode data shows the XRP market cap chart has been drifting sideways, but the number of active addresses tells a different tale. As the price traded near $1.30 to $1.38, active addresses actually stayed elevated, around 30K to 38K. That means people aren’t abandoning the network. 

Even more interesting is the number of transfers chart. While the XRP price wobbled between $1.29 and $1.38, the transfer count bounced between 300K and 480K. There were spikes in activity even as the price didn’t move much. 

That’s the kind of divergence you want to see before a move. Price flat, but usage humming along underneath. It’s like a restaurant that looks empty from the street but the kitchen is packed with orders.

XRP daily chart adds some resistance levels

Our daily chart  gives us a bird’s eye view. The XRP price is trading below the 100-day SMA, which sits at $1.5882. That’s the first real hurdle if we get that wedge bounce. 

Daily XRP price chart analysis.

Above that, you can see a thick resistance zone drawn on the chart between roughly $1.60 and $1.80. That area has rejected the price multiple times over the last few months. The RSI on the daily is at 45.21, not oversold but definitely not overheated. There’s room to run.

What’s interesting is the volume profile. Daily volume on that chart is 25.71M XRP, lower than the 2D chart’s reading, which tells us that recent activity has been more about longer timeframe players than day traders. That fits the falling wedge narrative, bigger hands positioning before a potential move.

XRP 4-hour chart fine-tunes the entry

We had a look at the 4-hour chart, and this is where the XRP price gets really interesting for shorter term entries. The 100-period SMA is at $1.3404, almost exactly where price is currently hanging out. That’s a dynamic support level. 

4-hour XRP price chart analysis.

Right below it, you have a clear support zone drawn on the chart that has been tested multiple times in April. Above price, the 0.236 Fibonacci at $1.7559 is the first major resistance, then the 0.382 at $1.6610, the 0.5 at $1.5843, and the 0.618 at $1.5075. Notice how Carter’s first target of $1.62 sits right between the 0.5 and 0.618 levels. 

The 4-hour RSI is also neutral to slightly rising, no divergence yet, but no bearish momentum either. Volume on this timeframe is a lighter 6.03M XRP, which is normal for a coiling pattern. 

What could come next for XRP

The XRP price is trading inside a falling wedge on the 2D chart, on-chain activity is healthy, daily resistance is clearly marked, and the charts show a tight support zone near $1.34. Carter’s call for a bounce isn’t just hopium. The structure is there. The first target, $1.62, is only about 20% above current levels, which is nothing in crypto terms.

Of course, a falling wedge can also fail. If the XRP price loses that lower wedge line and the support zone around $1.30, then the whole setup breaks. But right now, the probability favors the upside.  CoinCodex's 1-month XRP price prediction places the token at $1.33, which is almost exactly where the XRP price is trading right now near $1.34.