Main Takeaways:-
- XRP has approached a downward trend line many times since January 2025; still, it is approaching the level with a powerful upward trend.
- Volume is surging, and the market mood is changing as XRP is close to the $2.15-$2.20 supply zone.
- A validated breakout over the trend line might push XRP in the direction of the $3.50-$4.50 range, reflecting late 2024 upward levels.
XRP Price Chart Shows Classic Reversal Patterns
An expert named Stephi’s Crypto noticed a textbook bullish trend reversal on the XRP price 24-hour chart.
The downward trend line that started in January 2025 has been stopping price increases. However, recently, Ripple has been pushing against this level with more strength. When the price gets squeezed near resistance, it usually means selling pressure is weakening, and a breakout may be more likely.
The pattern indicated an increasing demand. Volume gradually increased as rising candles indicated stronger closes, showing that buyers were taking charge.
The critical breakout level between $2.15 and $2.20 contained several resistance levels. If the price closes above this level on a daily chart, it could confirm the bullish trend and push XRP toward the $3.50–$4.50 range.
Price Breakout From Falling Wedge Pattern Signals New Move
In addition, crypto expert CryptoToes disclosed that the Ripple token has broken above a downward trend pattern in the daily chart.
Falling wedges usually signal a price increase or continued uptrend when the price closes above the top line of the pattern. XRP’s move above $2.10 confirmed this signal.
The Parabolic SAR shifted from negative to positive just as the XRP price finished above the resistance line of the wedge.
Increased trading volume came with this move, confirming the breakout’s strength. In the past, XRP price dropped from a comparable wedge pattern, causing a rapid price surge when backed by strong volume.
The price broke above a resistance level that had stopped gains for months. The chart pattern, indicators, and price movement all supported the idea that the price might keep going up.
The next areas noted range from $3.00 to $4.50, depending on wedge price targets and previous resistance levels.
Resistance Zone at $2.15–$2.20 Takes Centre Stage
Significantly, as the XRP prices surged, experts shifted focus to the $2.15–$$2.20 level. This area combined multiple technical factors, a falling wedge pattern at the top, a downward trend line, and resistance around an important round number.
For buyers to keep the momentum going, the Ripple token wants a daily settlement above this area.
Additionally, indicators strengthened the bullish argument. The Relative Strength Index (RSI) boosted higher but is still under the high price zone, indicating potential for additional growth.
At the same time, the MACD histogram bars turned green, and the MACD line crossed above the signal line, indicating a bullish signal.
XRP Price Structure Shifts, Momentum Begins to Build
In addition, the XRP price chart indicates the signals of a fundamental change. The long period of decline seems to have turned into the beginning of a new trend.
Rising lows had developed since late March, showing a shift in market conditions. The price breaking out of the falling wedge pattern and bouncing back from the $1.80 level showed that buyers were interested.
The top altcoin sustained a trading value of $2.12, which showed a 16.39% surge in the previous week. Even though the market cap and volume dropped a bit, the price has stayed strong above the $2.10 level.
Read also:- Dogecoin Price Analysis: False Breakout Could Trigger Rally, Despite Bearish Indicator
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