XRP News Today: XRP Bullish Surge Ahead as Descending Wedge Breakout Nears $2.34, Rally Signals June Turnaround

Crypto analyst CW has outlined a bullish outlook for XRP, predicting an imminent end to its current retest phase and the start of a sustained price rally before June. In a social media post, CW shared a technical analysis chart highlighting a descending wedge formation, a pattern often associated with a potential upward breakout following a consolidation period. The analyst emphasized that XRP’s price action, currently hovering near $2.34, is nearing the conclusion of this sideways movement, signaling a possible shift toward a renewed bullish trajectory.

The descending wedge pattern detailed in CW’s analysis suggests that XRP has broken out of a prolonged downtrend that began in late 2024. The recent retest of the breakout level has acted as a validation mechanism for traders, with the asset’s徘徊 around $2.34 indicating a temporary equilibrium. CW’s interpretation aligns with technical principles, where such formations are frequently seen as precursors to upward momentum, particularly when paired with supportive market conditions.

Broad market developments have bolstered the case for XRP’s recovery. Legal clarity surrounding Ripple’s ongoing dispute with the U.S. Securities and Exchange Commission (SEC) has reduced regulatory uncertainty, enabling the company to expand its operations into regions with favorable blockchain policies. Ripple’s On-Demand Liquidity (ODL) product, which uses XRP to facilitate cross-border payments, has gained traction in markets like Latin America, Southeast Asia, and the Middle East. This institutional adoption underscores XRP’s growing role in financial infrastructure, reinforcing its value beyond speculative trading.

CW’s prediction resonates with broader optimism within the crypto community. Analysts like JackTheRippler have also expressed confidence in XRP’s potential, with some suggesting price targets of $28 to $30 by late 2025. While such long-term projections remain speculative, they reflect heightened sentiment that XRP’s fundamentals are strengthening. CW’s focus on the technical timeline—emphasizing a rally启动 before June—adds immediacy to the narrative, positioning the coming weeks as a critical period for investors tracking the asset’s performance.

The analyst’s outlook hinges on the completion of the retest phase and the subsequent breakout from the descending wedge. If XRP’s price decisively moves above the $2.34 resistance level, it could trigger a self-reinforcing cycle of buying pressure. However, the success of this scenario depends on sustained institutional interest and further positive developments in Ripple’s regulatory environment. For now, the technical and fundamental factors outlined by CW present a compelling case for cautious optimism in XRP’s near-term prospects.