XRP's price has recently entered a critical consolidation phase, with its technical pattern significantly converging, approaching an important historical support and resistance convergence area. Crypto analyst CryptoBull (@CryptoBull2020) pointed out in the weekly chart that XRP has successfully completed a precise retest of the breakout level from July 2025, with the current price stabilizing within a wedge convergence zone formed by a descending trendline and a horizontal support line. This structure is typically seen as a precursor to a breakout after market consolidation. Weekly data shows that XRP has consistently operated below the descending resistance and above the lower support line, with the current price located at the intersection of the two lines—at the top of the wedge. If buying pressure can effectively break through the upper descending trendline, it will mark the end of the compression structure and could trigger a strong upward trend. Historical price movements indicate that XRP has previously built higher price platforms above this area multiple times, and once a breakout is confirmed, the upper space is expected to open rapidly, moving towards the target price of $10. Market attention is focused on whether a decisive price breakout will occur this week.
