XRP Short-Term Technical Outlook: Bulls Seek Breakout Amid Fading Bearish Momentum

The XRP is showing signs of a short-term bullish recovery after a steep correction, currently trading around $1.9468 (+1.96%) on the 1-hour chart. A multi-timeframe analysis (1H, 30M, 15M and 5M) suggests a potential momentum shift, with the price attempting to reclaim key levels. However, significant resistance remains at the psychological $2.00 level.

Major Price Patterns

Falling Wedge Breakout (1H, 30M)

A breakout from a falling wedge near $1.70–$1.75 indicates a bullish reversal. The pattern projects a short-term target in the $2.00–$2.03 range, with bullish continuation possible if resistance is cleared.

Double Bottom (15M)

XRP printed a double bottom near $1.70 with neckline resistance at $1.90. The breakout above this neckline suggests strong buying pressure and supports the ongoing upside momentum.

Inverse Head and Shoulders (5M)

A small-scale inverse head and shoulders pattern has formed, signaling a bullish shift in microstructure. This lends further support to near-term continuation, especially if backed by volume.

Bullish Flag (30M)

After rallying to $1.93, XRP entered a descending consolidation pattern typical of a bullish flag. A confirmed breakout would support a push higher toward the $2.00 level.

Rounded Base (1H)

The 1H chart reveals a gradual, rounded base formation suggesting accumulation. This formation supports the case for sustained bullish recovery into the $2.00–$2.03 zone.

Indicators Analysis

Bollinger Bands:

XRP is trading near the upper Bollinger Band on the 1H and 30M charts, signaling bullish momentum but also suggesting short-term overbought conditions. The mid-band at $1.90 offers nearby support.

MACD:

A bullish crossover has occurred on both the 1H and 30M charts. Although histogram bars are beginning to flatten, bullish momentum remains present with room for further upside.

RSI:

RSI levels across the 1H and 15M charts are between 60 and 65, indicating bullish bias. However, they are approaching overbought territory, which may lead to brief consolidation before continuation.

Volume:

Volume surged during the breakout between $1.75 and $1.90, indicating strong buying interest. Current volume has slightly tapered off, making follow-through crucial to sustain the move.

Key Support & Resistance Levels

Resistance: $1.9535, $2.0000, $2.0390
Support: $1.90, $1.8509, $1.75

Fundamental Analysis & Rebound Timeline

From a macro perspective, XRP continues to face regulatory pressure, with investor sentiment closely tied to the SEC vs. Ripple litigation. However, Ripple’s expanding utility in cross-border payments, particularly across Asia-Pacific, provides a solid long-term narrative. In the near term, altcoins remain influenced by global macro factors including Fed policy, liquidity conditions, and Bitcoin’s price action.

Assuming no negative catalyst emerges, XRP could retest $2.03 by midweek if it successfully consolidates above $1.95. Failure to reclaim this level could delay the rebound until the weekend, potentially resulting in a short-term pullback toward $1.85.

Outlook:

XRP holds a short-term bullish bias above $1.90, with the potential to rally toward $2.03. Volume confirmation and market sentiment will be key in validating this breakout.

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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