January 23, 2026
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XRP – Fakeout or Retest Update

XRP - Fakeout or Retest Update

XRP - Fakeout or Retest Update

XRP – Fakeout or Retest Update

XRP / U.S. dollar BITSTAMP:XRPUSD
jfrose


XRP - Fakeout or Retest Update

It definitely looks more of a retest rather than a fakeout, with descending trend line holding strongly as support. The price has now reached the point of convergence of the wedge and touching ascending trend line . If this holds as support, we are seeing a trend reversal on the 4H.

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