Positive signals from Falling Wedge pattern: XRP is showing strong bullish signals through the Falling Wedge pattern. This is a common price pattern indicating a narrowing between two downward trend lines. When the price moves close to the top of this pattern, especially with a strong increase in trading volume, it may signal a price breakout.

Current price analysis of XRP: Currently, XRP is trading around 1.40 USD, down about 3% in the last 24 hours. Although there has been a short-term price drop, many predict a breakout might occur, requiring the price to hold this level until November 26. The next 48 hours are crucial to confirm this bullish trend.

External factors to watch: Besides technical factors, external events also need attention. The legal battle between Ripple and the SEC could significantly affect XRP’s price. Along with that, changes in the U.S. political scene, such as Trump’s potential return or changes in cryptocurrency regulations, could create positive effects in the market.