DeFi Daily News
Friday, July 11, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Markets Crypto Market

rewrite this title XRP Price Enters Perfect Setup After Buy Retest – Next Stop $3.7

Scott Matherson by Scott Matherson
June 12, 2025
in Crypto Market
0 0
0
rewrite this title XRP Price Enters Perfect Setup After Buy Retest – Next Stop .7
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1200 words and keep HTML tags

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The XRP price is reportedly positioning for a potential breakout as it forms a textbook Falling Wedge pattern, which a crypto analyst calls a perfect bullish setup. After a successful retest of a keg buy zone, technical indicators suggest that XRP is preparing for a powerful move toward the $3.7 level soon.  

Falling Wedge Setup Signal XRP Price Breakout

XRP is currently entering what Robert Mercer, a TradingView crypto analyst, describes as the perfect breakout setup following a prolonged period of consolidation. This technical structure suggests that XRP could potentially experience a sharp rally from its current price of $2.25 to the $3.70 level.

Related Reading

Notably, on the 2-day XRP price chart, Mercer noted that the cryptocurrency has been consolidating within a Falling Wedge pattern since late December 2024. Since establishing a local bottom at $2.11 in the same timeframe, the altcoin has repeatedly tested this bottom level without breaking below it in a sustained manner. 

The $2.11 price zone has also acted as a reliable horizontal support level throughout the six-month Falling Wedge formation. Meanwhile, XRP’s price action has been gradually compressing within the wedge pattern, indicating reduced volatility and increasing pressure near the wedge apex. 

XRP
Source: Robert Mercer on Tradingview

Looking at the TradingView analyst’s chart, it appears that XRP is now approaching the Falling Wedge resistance at the upper boundary, which coincides with the $2.45 level, where a buy retest has occurred. This convergence is viewed as a potential confirmation zone. If buying momentum continues and XRP closes decisively above $2.45, the breakout would confirm the end of the Falling Wedge and potentially initiate the cryptocurrency’s next upward move. 

Mercer highlights that XRP’s current bullish structure is a simple yet perfect setup. And based on this setup, price targets above the wedge are projected in several stages, with $2.98, $3.36 and $3.71 serving as resistance levels based on historical price action and technical extensions. If the breakout holds and buying interest persists, the TradingView expert predicts that XRP may reach the $3.5 – $4 region over the next three to five months, aligning with past performances following similar wedge breakouts in the market. 

$1.40 Breakdown Still In Play If Resistance Fails

While XRP’s current structure supports a bullish outlook, Mercer‘s price chart shows that a failed breakout remains a possibility. If XRP is rejected again at the $2.45 resistance level, it could resume its consolidation within the Falling Wedge pattern. This would place downward pressure on the price and may lead to a retest of lower support zones. 

Related Reading

The most critical support level in this bearish scenario is located around $1.4. While this price level has not been tested directly in recent months, it marks the lower boundary of the Falling Wedge pattern. A breakdown below this level could invalidate the XRP’s wedge and bullish setup. It may also indicate a possible shift in market structure from consolidation to bearish continuation, which could result in further downside.

XRP
XRP trading at $2.24 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BuyEntersPerfectPriceRetestrewriteSetupSTOPtitleXRP
ShareTweetShare
Previous Post

Ripple’s $300B XRP Forecast: $5 Price Target Closer Than You Think!

Next Post

Over 200 Dead After Air India Boeing Dreamliner Crashes in India

Next Post
Over 200 Dead After Air India Boeing Dreamliner Crashes in India

Over 200 Dead After Air India Boeing Dreamliner Crashes in India

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

August 13, 2024
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
rewrite this title and make it good for SEOGTPL Hathway Q1 net profit drops 27% to 10.5 crore

rewrite this title and make it good for SEOGTPL Hathway Q1 net profit drops 27% to 10.5 crore

July 11, 2025
rewrite this title The serve-and-volley may be a dying art — but it’s extremely effective still

rewrite this title The serve-and-volley may be a dying art — but it’s extremely effective still

July 11, 2025
rewrite this title Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand

rewrite this title Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand

July 11, 2025
rewrite this title Mariah Carey Drops ‘Dangerous’ Remixes And Fans Can’t Pick A Favorite | Celebrity Insider

rewrite this title Mariah Carey Drops ‘Dangerous’ Remixes And Fans Can’t Pick A Favorite | Celebrity Insider

July 11, 2025
rewrite this title NFT-related tokens soar in Q2, with PENGU leading despite decline in trading volumes

rewrite this title NFT-related tokens soar in Q2, with PENGU leading despite decline in trading volumes

July 11, 2025
rewrite this title I Chose Square To Process Payments — Here’s My Biggest Concern – NerdWallet

rewrite this title I Chose Square To Process Payments — Here’s My Biggest Concern – NerdWallet

July 11, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.