XRP has spent months trading in a tightening range, but some analysts believe that period may be approaching a decisive conclusion. Crypto commentator Bird (@Bird_XRPL) recently shared a week
XRP has spent months trading in a tightening range, but some analysts believe that period may be approaching a decisive conclusion.
Crypto commentator Bird (@Bird_XRPL) recently shared a weekly XRP chart showing a large falling wedge pattern nearing its apex, suggesting that July could become an important month for price action.
In his post, Bird argued that “all it takes is one god candle to erase 18 months of pain,” adding that the wedge “looks ready for July.”
All it takes is one god candle to erase 18 months of pain.
This wedge looks ready for July.
What we saying XRP bulls, yay or nay? pic.twitter.com/GXaQMhQ63D
— Bird (@Bird_XRPL) June 21, 2026
The chart highlights a descending resistance line from XRP’s all-time high of $3.65 of July 2025. A second trendline comes from the asset’s lows in late 2024, stretching across 2025 and 2026 as support preventing significant declines.
Both trendlines converge into a falling wedge, with XRP sitting near the apex of this formation. Traders often watch these areas closely because they can produce significant volatility once a breakout occurs. At the time of the chart, XRP traded around $1.14 after a weekly decline of 3.52%.
Bird’s chart suggests that XRP has reached a stage where the prolonged consolidation may soon end. After about 18 months, the green projection on the chart shows a sharp move higher following a breakout from the wedge. While projections are not guarantees, the setup shows expectations that compressed price action could eventually lead to a strong directional move.
The weekly chart shows XRP holding near the apex of the falling wedge while remaining above the psychologically important $1 level. A successful breakout would require XRP to reclaim the descending resistance line that has capped rallies for nearly a year.
The chart also shows declining volatility compared to the sharp swings seen throughout the previous year. As the wedge narrows, market participants will likely focus on whether XRP can generate enough buying pressure to break above resistance.
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July now appears to be the period many traders are monitoring, especially as the pattern approaches its conclusion.
Bird’s post generated a range of reactions from XRP supporters. One commenter believes there will be one final shakeout below $1 before a larger advance begins. That view suggests that a brief move lower could clear out weak positions before momentum returns.
Another community member expressed optimism about the long-term setup, stating that five years of pain are about to be erased. Market participants are now looking to July for a major breakout.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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