Analysis: XRP falls below the "rising wedge" support and may face potential callback risks in the near future

Odaily News XRP's "rising wedge" pattern broke in the technical chart, indicating that the recent rebound of $1.60 may have ended and sellers have regained control of the market. This pattern consists of highs and lows gradually converging, which usually indicates that the upward momentum is weakening. If the price falls below the lower track, it may trigger further declines. XRP has now broken through the Ichimoku cloud chart support, which strengthens the bearish signal. If it fails to break through the recent high of $2.18, the price may fall back to the $1.6 support level. (CoinDesk)