Patrick L Riley, a prominent market commentator on X, has issued a timely and cautionary alert to XRP traders : while the macroeconomic environment remains broadly favorable, the immediate technical setup reveals a classic rising wedge—a structure often interpreted as a bearish formation. Riley’s insight, underscored by an annotated chart now circulating through analyst circles, urges traders to proceed with patience and discipline. Chart Structure in Focus The chart highlights a rising wedge pattern—a narrowing formation marked by two upward-sloping trendlines that converge as the price makes higher highs and higher lows. In technical analysis, such patterns typically signal weakening upward momentum and often resolve with a breakdown. Accompanying volume compression within the wedge and a surge upon breakout are telltale signs that traders watch closely. While this is not a guarantee of a collapse, the formation serves as a warning—one that Riley emphasizes should not be ignored. Be careful here $XRP traders. While the Macro is extremely Bullish, the Micro shows a 'Rising Wedge' which is generally a Bearish scenario. Also the former support is now the resistance. #NFA but I stay in $XRP until a clear direction is determined. Be patient, we will break… pic.twitter.com/p8FcNPv8mP — Patrick L Riley (@Acquired_Savant) August 13, 2025 Price and On-Chain Activity As of report time, XRP is trading at $3.07. This trading range forms the backdrop of Riley’s warning. Meanwhile, recent on-chain analysis has revealed a flurry of large-scale XRP movements. One report notes that within a 48-hour window, large holders accumulated nearly 900 million XRP (roughly $2.9 billion), while also liquidating approximately $1.9 billion worth, creating a tug-of-war scenario between bullish accumulation and profit-taking pressures. These movements underscore heightened volatility and amplify the importance of technical caution. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Support-Turned-Resistance: A Critical Technical Shift The chart also reveals a classic polarity shift: levels that previously acted as price support are now exerting resistance. This reversal reinforces the bearish interpretation of the rising wedge, especially if XRP fails to reclaim and hold above these former support zones. Overcoming this resistance convincingly would invalidate the bearish setup; failure to do so could foreshadow a sharp move lower. What This Means for Traders Now Riley’s message is clear: adopt patience and await confirmation. Traders might consider initiating bearish positions only if price breaks down below the wedge with solid volume, or conversely, watch for a breakout above both the wedge and the erstwhile support-turned-resistance to resume bullish plans. Until such technical resolutions materialize, exposure should be managed carefully with defined stop levels. Riley reminds traders that the microstructure can diverge sharply from macro sentiment—and that divergence often plays out decisively in the near term. 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 urged to do in-depth 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 Twitter , Facebook , Telegram , and Google News The post Expert Issues Critical Warning to XRP Traders appeared first on Times Tabloid .
