XRP may rise 30% as traders withdraw 35M tokens from exchanges in a day
XRP (XRP) has rallied more than 30% in the last three months, and fresh technical and on-chain signals suggest the XRP/USD pair may have more upside ahead.
XRP/USD weekly chart. Source: TradingView
That target zone aligns with the 50-week EMA and the 0.5 Fibonacci retracement near $1.87–$1.89, about 30% above current levels, by June.
Related: XRP holders back in profit as price eyes potential 55% breakout
Conversely, a decisive break below the wedge’s lower trend line risks invalidating the bullish narrative altogether.
It may instead raise the odds of the price declining toward the $0.98 mark, aligning with the wedge’s apex point and the 0.786 Fib line.
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