XRP Bullish Signal Flashes After Months, Breakout Near?

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An interesting indicator, which has been mostly bearish for the past few months has finally flashed the green light, suggest more gains might be ahead.

XRP noted a mild rebound over the past week, as bulls stepped in with steady buying pressure. A strong push lifted the crypto asset towards the $1.50 zone around mid-week before momentum cooled. Sellers attempted to cap gains. After the pullback, it stabilized around $1.43.

New on-chain data now paints a strengthening bullish reversal narrative.

Breakout Setup Forms
XRP appears to be undergoing a structural shift from a bearish to a bullish trend, according to the latest findings by crypto analyst Ali Martinez. On the daily chart, Martinez found that the SuperTrend indicator has flashed a buy signal for the first time since January. This flip points to easing selling pressure and a potential broader trend reversal after months of sustained sell signals.

XRP is now facing a major resistance at $1.55, where the crypto asset has repeatedly struggled to break higher. A clean daily close above this level could trigger a relief rally, following which it would target another key resistance of $1.90.


Meanwhile, on lower time frames, a symmetrical triangle has formed, which is compressing price into a tight range. This essentially indicates a potential 35% move, as per the analyst’s estimates.

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