Recently, the price movement of XRP has formed a chart pattern known in technical analysis as a "falling wedge." This pattern is typically viewed as a potential bullish signal, indicating that a price reversal may be imminent.

Analysts point out that if XRP can successfully break through the upper resistance line of the current wedge pattern, it may trigger a significant upward trend. According to technical forecasts, this rally could push the XRP price up by about 20%, bringing the target price range to between $3.60 and $3.65.

It is worth noting that the current area around $3.00 may be an important support level. Investors and traders may pay attention to whether this area can provide enough buying support to help XRP break through the upper boundary of the wedge and move towards higher targets.

However, market participants should also keep in mind that the cryptocurrency market is highly volatile and price trends are influenced by various factors. It is advisable to conduct thorough research and risk assessment before making any investment decisions.