XRP’s daily chart reveals a compelling breakout from a descending triangle that had been compressing price for weeks. The breakout candle pierced above $2.03—previously a stubborn resistance—and now reclaims it as support. This bullish close above the triangle signals a likely trend reversal, supported by rising volume and a newly formed ascending trend line from the April low.
4H Structure: Triangle Breakout Signals Momentum
On the 4-hour chart, a symmetrical triangle breakout is evident, with the price escaping above the $2.03 neckline and pushing toward the $2.55 resistance. This continuation pattern, often bullish when forming a mid-trend, shows increasing buying interest. Each candle closes stronger than the last, reinforcing bullish strength as XRP eyes its next key resistance.
1H Action: Steady Ascend with Higher Highs
The 1-hour chart showcases a strong uptrend supported by higher highs and higher lows. Price clings to a steep ascending trend line and recently broke above a short-term resistance, confirming bullish intent. Multiple retests of support at $2.03 highlight buyers’ dominance. Momentum is clearly in favor of the bulls in this timeframe.
MACD Momentum Across All Timeframes
The MACD indicator strengthens the bullish case. On the daily chart, the MACD lines have crossed above the zero line—a classic trend-shift signal. The 4H MACD sharply rises in tandem with bullish candles, while the 1H MACD shows growing histogram bars and positive divergence. Momentum is building and aligning across all charts.
Resistance Levels Ahead
The key resistance zones XRP must conquer are $2.55 and $2.93. The $2.55 level, repeatedly tested and rejected in the past, is a critical breakout point. A successful push above it opens the path to $2.93, a psychological and historical barrier. These levels could briefly slow XRP, but strong momentum may overpower them.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Key Support Zones Securing the Trend
Support at $2.03 has become pivotal after the breakout. Further below, $1.74 remains a major floor. Both levels have held during pullbacks and show significant buyer interest. The current uptrend is also supported by a rising dynamic trend line, offering bulls a solid base for continuation.
Volume and Volatility Fueling the Climb
Trading volume is steadily increasing, especially during breakouts. Though not yet at peak levels, this gradual volume rise often precedes explosive moves. Volatility is also expanding with bullish candles growing in size—indicating accumulation and potential large-player involvement ahead of a big push.
XRP Price Prediction Before April Ends
If XRP maintains its current momentum and decisively clears $2.55, it could climb toward $3.20 before April ends. This would mark a 42% gain from its current $2.25 level. The projection aligns with the height of the previous consolidation zone added to the breakout point. If market sentiment remains bullish, XRP could touch $3.20 by month’s end.
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 X, Facebook, Telegram, and Google News
