So, we’ve recently printed a higher low, which is significant as it could indicate a shift in XRPs market structure.
While some speculate that dropping tariffs may help stimulate short-term recovery, I think that narrative will need time to play out — possibly over the next several weeks — before we see any significant macro impact.
From a technical standpoint, I’ll be closely watching the 1W chart. The current price action appears to be forming a potential falling wedge pattern — a setup that historically leans bullish, especially when supported by strong demand zones. In this case, the 1.96 level stands out as a key area of support.
If we see a sustained hold here, followed by a breakout from the wedge, it could open the door for a more aggressive move to the upside.