• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

XRP Shows Bullish Signals After Breaking Out

user avatar

by Giorgi Kostiuk

8 hours ago


Ripple (XRP) shows signs of bullish movement following a breakout from a descending pattern, which may signal further market changes.

Daily Chart Analysis

XRP successfully broke out of a prolonged descending wedge pattern, indicating a potential bullish trend. This breakout occurred at the $2.36 level, where the wedge’s upper boundary intersected with the 200-day moving average. This event marks a shift in market sentiment and opens up opportunities for further upward movement. However, XRP is facing significant resistance at the previous swing high of $2.47, where considerable selling pressure is likely to manifest.

4-Hour Chart Analysis

On the lower timeframe, XRP decisively broke above the $2.3 resistance, a level that has previously capped the price in recent months. This movement has been accompanied by strong bullish momentum, with the formation of large bullish candles reinforcing the trend. However, XRP is approaching a key supply zone between $2.42 and $2.47, aligning with the previous swing high. This zone might act as a short-term ceiling, potentially causing a pullback.

Conclusions and Predictions

Ripple's behavior around this critical zone will likely determine the next move, either a bullish breakout and continuation toward higher resistance levels, or a rejection and return to lower support zones. Additionally, buy-side liquidity above this area presents an attractive target for smart money.

Ripple (XRP) has shown the potential for growth following a breakout, but upcoming resistance levels may create temporary obstacles for further ascent.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

DeFi Development Corp Makes Significant Purchase of Solana, Highlighting Institutional Interest

chest

DeFi Development Corp has acquired 153,225 Solana tokens, indicating a growing interest from institutional investors in this asset.

user avatarGiorgi Kostiuk

Cryptocurrency Market: Bitcoin Sets Record, Ethereum Approaches $3,000

chest

The cryptocurrency market shows significant growth. Bitcoin reaches a record high while other altcoins also post strong results.

user avatarGiorgi Kostiuk

BTC Bull Token set to launch while BlockDAG partners with Seattle Orcas

chest

The BTC Bull Token is preparing to launch, and BlockDAG has formed a significant partnership with Seattle Orcas, enhancing its market position.

user avatarGiorgi Kostiuk

GameSquare Acquires 1,818.84 ETH for $5 Million, Strengthening Its Position in the Crypto Industry

chest

GameSquare announces the purchase of 1,818.84 ETH for $5 million, highlighting the growing interest in corporate investments in digital assets.

user avatarGiorgi Kostiuk

Cosmos and Lightchain AI: Foundational Approaches to Blockchain Adoption

chest

Cosmos focuses on modular architecture and cross-chain solutions, while Lightchain AI drives real-world adoption through incentives.

user avatarGiorgi Kostiuk

Bitcoin Pepe and BlockDAG: Market Trend Analysis

chest

We compare Bitcoin Pepe and BlockDAG: short-term successes versus real infrastructure in the crypto industry.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.