<ul data-eligibleForWebStory="true"><li>XRP price is showing signs of a potential breakout with the formation of a Falling Wedge pattern.</li><li>Analyst Robert Mercer sees a bullish setup with XRP hovering around $2.25 and targeting $3.70.</li><li>XRP has been consolidating within the Falling Wedge pattern since late December 2024.</li><li>The $2.11 price zone has acted as a strong horizontal support level during this consolidation.</li><li>XRP is approaching the Falling Wedge resistance at $2.45, with a buy retest indicating a potential breakout.</li><li>Several resistance levels are projected above the wedge breakout at $2.98, $3.36, and $3.71.</li><li>If the breakout holds, XRP could reach the $3.5 – $4 region in the next three to five months.</li><li>However, a failed breakout at $2.45 could lead to a retest of lower support zones.</li><li>The critical support level in a bearish scenario is around $1.40, marking the lower boundary of the Falling Wedge pattern.</li></ul>

XRP Price Enters Perfect Setup After Buy Retest – Next Stop $3.7

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