XRP is once again at the center of technical analysis conversations as its price consolidates inside a long-forming wedge pattern. The chart shows XRP pressing into a narrowing zone, with buyers defending a horizontal support level while lower highs squeeze the asset toward an apex. In a recent post on X, well-known crypto millionaire Gordon (@AltcoinGordon) shared his view on the setup, suggesting a massive rally once the price breaks out. The chart he provided highlights a clear downward-sloping trendline intersecting with a wide support band, suggesting that the asset is preparing for a parabolic move. Gordon, who has previously criticized XRP, addressed a commenter who pointed this out by replying, “I study the charts with an unbiased perspective.” Traders are monitoring this structure for signs of a breakout, anticipating a strong directional move once the price exits the formation. When $XRP breaks this wedge it will SEND. Are you positioned? pic.twitter.com/3UBcupVl58 — Gordon (@AltcoinGordon) June 5, 2025 XRP’s Potential Is Converting Skeptics Notably, Gordon’s opinion shifted on XRP after he was recently introduced to XRP’s potential to replace SWIFT . The SWIFT system, used globally for cross-border financial messaging, has faced criticism for its slow settlement times and high costs. XRP offers an alternative that enables near-instant international transactions with significantly lower fees. This capability has positioned the digital asset as a potential infrastructure layer for global remittances and institutional payments that can overhaul or replace SWIFT’s messaging system. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Technical Setup Signals Breakout Potential The wedge pattern visible on the daily chart has formed over several months, with XRP respecting both resistance and support lines repeatedly. It began forming after XRP experienced a surge of over 500% that culminated in its multi-year peak of $3.39 in January. The asset has faced some headwinds since then and is currently trading at $2.1. Another analyst has also pointed to this wedge formation , combining it with a MACD flip and the asset’s SRSI crossing over 80 to imply a massive bullish breakout in the immediate future. Watching the Apex As XRP trades closer to the wedge’s apex, traders are watching for breakout signals with increased attention. Volume spikes, candle formations, and the strength of support or resistance breaches are likely to guide short-term positioning. EGRAG CRYPTO (@egragcrypto), a prominent crypto analyst, recently highlighted $2.3 as a crucial level to watch , and reaching this level could confirm bullish momentum for XRP and help it break above the falling wedge pattern. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Millionaire Trader Says XRP Will SEND Once Price Breaks this Wedge appeared first on Times Tabloid .