XRP - TRADE CAREFULLY HEREXRP / US DollarCOINBASE:XRPUSDSQuiRRel88Price is currently sitting in a wedge formation. The red trendline is from the April low to the 5 June Low. The Greenline is from the 16 Jan high to the May high. (TRIANGLE WEDGE) There is also a Head and SHoulder on the daily. The price is struggling to stay above the $2.30 mark that I also wrote about in May. This level is also a pivot point. Price may break higher in the short term (current week) to $2.45 that will line up with the GREEN Downtrend line. I doubt that we make a big move past this level this week. If the $2.30 still holds as Resistance on a daily close by the end of this week I fore-see a bigger drop to come before the bull run. and yes maybe another 10 000 pip drop as earlier in the year that will send prices to the $1.20 to $1.30 area that is also in line with the 72% Fibo from the Nov'24 Low move to Jan'25 High. But for this we will need a daily close below $2.00 support as well a some bad fundamentals from the USA as well as current SEC thay may postphone the ETF application outcomes to Nov'25. I will be carefull to go more bullish from here.