XRP Price Prediction: Sentiment Hits 5-Week High FOMO As Descending Wedge Forces A Breakout Decision
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XRP trades at $1.0680 on July 14 with on-chain sentiment showing strong FOMO—Santiment reports 3.02 bullish comments per bearish one, the highest in five weeks. A descending wedge nearing its apex and a Parabolic SAR flip to bullish at $1.0394 point to a possible breakout, but major EMAs remain above spot and declining, keeping the broader crypto technical trend bearish.
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- XRP shows the highest FOMO among BTC, ETH and XRP with 3.02 bullish comments per bearish one, per Santiment
- A descending wedge on the daily chart is nearing its apex, forcing a directional move at current price levels
- The Parabolic SAR flipped bullish at $1.0394, the first indicator to move in favor of buyers since the June decline
XRP trades at $1.0680 on July 14, up 0.17%, as a descending wedge on the daily chart converges toward its apex and crowd sentiment reaches its most bullish reading in five weeks. The Parabolic SAR has turned supportive below price, but every major EMA remains well above spot and declining, keeping the broader trend firmly in the bears’ favor.
Is XRP’s Descending Wedge About To Break?
The daily chart shows XRP compressing inside a descending wedge that formed after the May peak near $1.57. T…
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