Crypto Michael: “I’m Buying XRP Here”. XRP Is Ready to Break Out
XRP is in a key technical area as traders watch for the next major move. Crypto analyst Crypto Michael (@MichaelXBT) shared his outlook on X, stating that he is buying at current prices.
He shared a weekly chart that outlines a bullish reversal scenario, with a move toward the $1.90 to $2.10 area highlighted as the next objective.
Chart Shows Price Testing a Key Trendline
The chart shows XRP’s interactions with two descending yellow trendlines that form a falling wedge. The upper trendline connects lower highs, while the lower trendline links a series of declining lows. XRP now sits near the point where those lines converge.
The latest candle on the chart trades around $1.24 after a weekly gain of about 4.2%. That places XRP at the upper boundary of the pattern while also approaching the descending resistance line.
Crypto Michael’s analysis suggests he views this area as an attractive entry point before a possible breakout. He also marks a purple resistance zone between roughly $1.90 and $2.10. A white arrow on the chart projects a move from the current area toward that zone, indicating the path he expects if bullish momentum develops.
I’m buying XRP here.
XRP is ready to break out.
Bullish reversal incoming.
— Crypto Michael (@MichaelXBT)
Compression Could Lead to a Strong Move
The chart shows XRP spending several months in a gradual decline after trading above $3 in 2025. More recently, the candles have become smaller as price movement has tightened inside the wedge. This type of compression often precedes a significant directional move once resistance gives way.
Crypto Michael’s post does not include price targets beyond the chart’s visual projection. However, the arrow he added ends near the highlighted resistance area, making that zone the first notable level to watch based on his analysis.
The lower trendline of the falling wedge also remains important. XRP has repeatedly found support near that line during the recent consolidation period. Continued trading above it would keep the wedge structure intact while the market tests overhead resistance.
Attention Turns to the Next XRP Move
Crypto Michael’s message leaves little doubt about his position. He wrote, “I’m buying XRP here,” while adding that a breakout is approaching and that a “Bullish reversal” is coming. The chart supports that view by showing the asset at the narrowing end of a long-term falling wedge after months of consolidation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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