A tightening price structure now defines XRP’s higher-time frame chart. Momentum has slowed, yet price action shows a clear pattern forming near a key support zone. This setup has drawn attention after crypto analyst Crypto Michael (@MichaelXBT) shared a chart and a direct view on what comes next. He stated that XRP has hit its bottom and predicts that a major rally is imminent. His chart focuses on a multi-month falling wedge that now approaches resolution. XRP bottom is in Major bullish rally imminent pic.twitter.com/ULFFtScM2t — Crypto Michael (@MichaelXBT) May 6, 2026 Key Support for the Falling Wedge The chart shows XRP on the weekly timeframe. Its price has trended downward since mid-2025, when it hit its all-time high , forming lower highs along a clear descending resistance line. At the same time, a slower descending support line tracks the lows. This creates a narrowing wedge pattern. XRP now trades near $1.41, with the structure compressing toward the wedge’s apex. This often signals a pending breakout phase as volatility tightens. A highlighted horizontal zone sits near $2. This level previously acted as support and later as resistance. It now stands as a key reclaim level. XRP must exit the falling wedge and break above this area to confirm strength. Compression Points to Breakout Conditions Recent candles show smaller bodies and reduced volatility. This supports the idea of compression. The market shows less aggressive selling while buyers begin to stabilize the price above the lower trendline. The lower boundary of the wedge has held multiple tests, as XRP experienced flash crashes in early 2026. Each bounce reinforces its role as support. Meanwhile, the descending resistance line continues to cap rallies. This builds pressure within the structure. What Needs to Happen Next? For confirmation, XRP needs a decisive move above the descending resistance line. A weekly close above this trendline would signal a structural shift. The next step would involve reclaiming $2 as support. If XRP reached that level, it could open a path toward higher resistance zones seen earlier in 2025. Those areas sit above $2.5 and extend toward the $3 range. Volume will play a key role. A breakout without strong participation may lack follow-through. Sustained buying pressure would strengthen the case for continuation. After a prolonged consolidation phase , XRP has now hit its bottom, and Crypto Michael believes it can only go up from here. 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. Follow us on X , Facebook , Telegram , and Google News The post This Analyst Says XRP’s Bottom Is In. Here’s the Next Move appeared first on Times Tabloid .
