XRP Is Sweeping Its Multi-Month Support Trendline With Bullish Wedge Forming – Key Levels to Watch

• XRP volatility expands as price sweeps support and challenges short-term confidence.
• Analysts highlight liquidity grabs while bullish wedge structure quietly develops.
• Key levels now guide traders amid patience-driven consolidation phase.

Market focus has returned to XRP after renewed volatility pushed price action below a long-standing support trendline, and trading sentiment weakened briefly as a result. Structural signals, however, suggest the move may carry deeper technical meaning beyond short-term fear.

Recent price behavior shows XRP dipping beneath a multi-month ascending support, and according to analyst ChartNerd, this action represents a liquidity sweep rather than a confirmed breakdown. Such sweeps often trigger stop losses clustered below obvious technical levels, which consequently increases short-term selling pressure.

Liquidity Sweep Alters Short-Term Sentiment

Instead of accelerating downward, XRP stabilized within a widening price range, pointing to a descending broadening wedge forming on higher timeframes. Broadening wedges differ from traditional consolidations because volatility expands over time, hence price swings grow wider as buyers and sellers remain divided.

XRP has also revisited zones marked by notable downside wicks from earlier trading periods, with levels around $1.80 to $2.00 showing strong historical rejection. According to ChartNerd, returning to fill those wicks helps resolve unfinished liquidity and establish a cleaner price base.

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Momentum indicators further support the consolidation narrative as relative strength readings cooled toward neutral. Additionally, trend indicators flattened rather than signaling aggressive downside continuation, a reset that often appears during accumulation phases.

Retail sentiment reacted sharply to the support sweep, leading many traders to exit positions quickly as the price slipped below the trendline. However, institutional behavior typically differs during such events, as larger participants often use volatility expansions to build positions gradually.

Key Technical Levels Drawing Market Attention

Attention now centers on clearly defined technical boundaries, with the lower wedge support acting as the first area to monitor closely. Sustained trading below that zone could shift sentiment further bearish, although price acceptance has not occurred decisively at lower levels.

On the upside, descending wedge resistance continues to cap recovery attempts, and a move above that boundary would likely attract renewed buying interest. Volume behavior remains critical during this phase, yet no significant expansion currently confirms a breakdown scenario.

According to ChartNerd, patience becomes essential as broadening wedges often resolve later than expected, keeping traders waiting longer than anticipated. Price typically oscillates before choosing a direction, which explains the current back-and-forth movement.

As XRP trades within this structure, volatility may continue frustrating short-term strategies, while the broader setup suggests compression through expansion rather than trend failure. Market participants now watch for confirmation through structure, volume, and follow-through, as a decisive breakout or breakdown will define the next phase of XRP’s trajectory.

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