The recent price action of XRP on the daily chart shows a consolidation phase just below the middle Bollinger Band. After recovering from a sharp drop below $2, XRP appears to be stabilizing with increasing volume. The Bollinger Bands are squeezing, a classic sign of impending volatility. Price trading above the 20-day SMA suggests bullish strength is gradually returning.
4-Hour Chart Shows Clear Breakout and Shift in Sentiment
The 4-hour timeframe confirms a breakout above resistance at $2.10, with the current price hovering around $2.14. This breakout through the upper Bollinger Band indicates rising bullish momentum. A potential cup-and-handle formation strengthens the continuation pattern. The 20-period SMA trending upward signals a positive change in market sentiment, with bulls regaining control.
1-Hour Timeframe Reveals Strong Short-Term Uptrend
On the 1-hour chart, XRP is forming higher lows and pushing toward new local highs, a sign of a sustained uptrend. Bollinger Bands are expanding, and the price remains supported above the midline. A bullish flag pattern has formed and broken out, confirming continuation. Though the RSI is nearing overbought levels, the structure suggests bullish control with brief consolidations.
15-Minute Chart Reflects Momentum and Buyer Strength
The 15-minute chart highlights short-term consolidation near $2.14 after a breakout. The price hugs the upper Bollinger Band, and the 20-SMA continues to act as solid dynamic support. Minimal retracement after the breakout suggests buyers are defending their positions, preparing for another leg upward. Watch for a move beyond $2.15 for the next wave.
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Fundamental Drivers Fueling XRP’s Bullish Setup
XRP’s fundamentals are becoming more favorable. The ongoing Ripple vs. SEC case has seen developments leaning toward Ripple’s advantage, improving investor sentiment. Additionally, Ripple’s expansion into cross-border payment markets, particularly in Asia and the Middle East, adds long-term credibility. These factors are helping XRP regain market confidence.
Trading Plan and Key Technical Levels to Watch
In the short term, XRP appears poised for continued upside. Key support lies at $2.09 and $2.03, with resistance around $2.25 and $2.35. Traders may consider entering around $2.14, with a conservative stop loss at $2.02. Targets for this move could be set at $2.25 (TP1) and $2.35 (TP2), contingent on price holding above the 20-SMA across timeframes.
Bullish Continuation Over 48 Hours
Over the next 48 hours, XRP is expected to maintain its bullish trajectory, especially if it clears the $2.15 resistance. If positive momentum continues, we could see a move toward $2.35 or higher. As long as the technical structure holds and no negative news emerges, XRP may rally further, with the potential to test $2.50 in the near term. The short-term outlook remains positive, and the broader trend could continue to evolve favorably, especially if supported by positive news from Ripple’s legal front.
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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