XRP Chart Setup Worth Watching Right Now

What is happening:

- XRP is coiling under falling wedge resistance

- Shorts from the $1.07 flush are trapped as price holds higher lows

- Compression like this usually ends with one fast directional move

The levels that matter:

Trigger: $1.18 daily close

A break above cracks the wedge and opens the next leg.

Targets: $1.25 (first stop), $1.32 (extended)

Invalidation: $1.04

Below this the recovery thesis flips and downside accelerates.

Why this setup matters for traders:

The falling wedge is a textbook squeeze pattern. Buyers absorb each push lower at a progressively higher level. Sellers run out of room. When resistance finally breaks, trapped shorts cover and that covering adds fuel to the move.

The trap is already set. One side is about to get squeezed.

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