XRP Price Prediction: Faces a 10% fall risk, with both fundamental and technical pressures.

📉 Bearish Signal: Rising Wedge Indicates Dumping Risk

• XRP Technical Analysis shows that a classic bearish pattern - rising wedge has appeared on its 4-hour chart, suggesting that the price may pull back.
• This pattern consists of an upward sloping converging trendline, and once the price falls below the lower support line, it usually indicates a sharp decline. As of July 8, the trading price of XRP is approximately $2.28, slightly above its 50-day and 200-day exponential moving averages.
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• If the wedge falls below support, the XRP price may drop towards the previous support level around $2.05, indicating a decline of about 10%. This scenario is similar to the movement on June 22, when XRP plummeted significantly after failing to hold the lower trendline of the wedge.
• RSI indicator is currently close to the neutral zone, leaving room for a downward movement. Unless the bulls can push the price to break the $2.35 resistance level, the risk-reward ratio in the short term tends to be bearish.

🌍 Trump reignites the trade war, which may accelerate XRP dumping

• US President Trump warns of a 25% tariff on imports from Japan and South Korea (effective August 1) and may impose a 25%-40% tariff on goods from other countries, a move that has triggered market panic and intensified global trade uncertainty.
• These radical “reciprocal tariffs” measures disrupt existing trade relations, even with long-term allies.
• The market has reacted quickly: U.S. stocks fell nearly 1%, yields on safe-haven assets rose, the dollar strengthened, and cryptocurrencies, including Bitcoin (BTC) and XRP, generally fell.
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• Analysts point out that the recent short-term correction in the cryptocurrency market is primarily triggered by macro risks. Geopolitical and trade fluctuations intensifying may further weaken investors’ preference for risk assets (such as cryptocurrencies), accelerating the XRP price falling below the wedge support, heading towards the $2.05 support area.

⚖️ Weekly chart key resistance: descending triangle suppresses bulls

• On the XRP/USD weekly chart, the price is attempting to break through what appears to be a descending triangle pattern.
• The weekly K-line of this currency pair formed a bullish upper shadow near $2.35, but then encountered strong selling pressure and fell back, indicating a clear divergence between bulls and bears near this level.
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• This is similar to the bullish reversal failure situation observed at the trend line on the triangle in January, February, and May this year. If history repeats itself, the price may face resistance and fall back again, and drop towards the $1.92 target before August.

Risk Warning: The above analysis is based on current market information and technical patterns. Cryptocurrency investment carries high risks, with significant price fluctuations. Investors should make cautious decisions and manage risks appropriately.