XRP is at a critical turning point, approaching a key uptrend trend line on the 4-hour chart after pulling back from $2.59. Selling pressure appears to be easing as buyers step in, indicating a potential momentum shift. If bulls strengthen their position, XRP could reclaim $2.59 and push toward $2.71. A breakout above this level could open the door for a rally to $3.0, a crucial psychological resistance that may trigger further upside.
If buying momentum continues to build, XRP could break through the $3 barrier, confirming a bullish breakout and reinforcing investor confidence. The 4-hour chart shows an ascending triangle, a pattern that typically signals upward movement. A successful breakout could attract additional buyers, driving XRP toward new highs in the coming weeks. Sustaining levels above $3 would be a strong indication of bullish dominance, potentially fueling a long-term rally.
If buyers fail to maintain control, XRP could break below its uptrend support, leading to a possible decline toward $2.20. A deeper correction could see prices slipping into the $2.00–$1.80 range if bearish momentum intensifies. Losing this critical zone may shift market sentiment in favor of the bears, raising the risk of an extended downtrend.
Traders should closely monitor XRP’s response at the trend line. A strong rebound could confirm bullish momentum, while a failure to hold support may accelerate losses. The coming sessions will be decisive in determining whether XRP is gearing up for a breakout or facing increased downside pressure.
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.
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