The (XRPUSD) price settled on a sharp gains in its last intraday trading, recording a new high after breaching the critical resistance of $3.400, where it managed to close above this barrier in yesterday's session, this strong performance came amid the dominance of the short and medium-term basis, supported by a positive technical formation that formed previously, which is represented by the falling wedge pattern, as its top line represented dynamic support that kept the stability of the bullish track of the price.
The success in offloading some of its clear overbought conditions on the (RSI) helped it to achieve more gains, providing a kind of technical freedom to reinforce the bullish momentum, therefore, the expectations remain preferring the upside track, if the supportive technical track remains intact on a short-term basis.
Therefore, our expectations suggest a rise in the (XRPUSD)price in its upcoming trading, especially if it settles above $3.400, to target the initial key resistance levels at $3.850 as a target for the falling wedge pattern.
The expected trend for the upcoming trading: Bullish
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