币界网报道：XRP is showing signs of a potential 70% breakout as it forms a falling wedge pattern, a bullish technical indicator often preceding upward price movements. The cryptocurrency has been consolidating within this pattern since mid-April, with decreasing trading volume suggesting weakening selling pressure. Analysts note that a confirmed breakout above the wedge's upper trendline could trigger significant upward momentum, with price targets ranging between $0.75 and $0.85. The current support level around $0.50 has held strong through multiple tests, while resistance sits near $0.55. Market observers are watching for increased trading volume to confirm the breakout, which could coincide with positive developments in Ripple's ongoing SEC lawsuit or broader crypto market recovery. The falling wedge formation follows XRP's 20% monthly gain in July, outperforming many major cryptocurrencies during the same period.