XRP Price Analysis: XRP Tries Breakout of 45 Day Falling Wedge, Can it Break $1 Level?

• XRP price has revived nearly 40% off its low of $0.50
• The 25 Day MA has held XRP from starting a bullish trend
• Price is currently trying to breakout of a 45 day falling wedge

XRP price has had a wild 2021 as the ongoing SEC lawsuit with Ripple has put much strain on XRP investors and traders. After months of consolidation under $0.50, XRP broke out and had a large pump to $1.95. Since then, it has been stuck in a downtrend along with the rest of the cryptocurrency market. At the time of writing, price is attempting to breakout of a large bullish falling wedge pattern.