XRP Price Outlook: Key Patterns Signal a Short-Term Rebound-Critical Levels to Monitor

Double Bottom Formation Points to Reversal The 4-hour XRP chart presents a notable double bottom pattern, often seen as a strong bullish reversal signal. This structure has formed following an extended downtrend, with XRP finding repeated support around the $1.70 level. The price has since rebounded from this base twice, creating two clear troughs. The neckline lies near the $1.95–$2.00 zone, which acts as a key resistance. A confirmed breakout above this neckline—especially on strong volume—could ignite a rally toward the $2.15–$2.20 range in the short term. MACD Divergence Indicates Waning Bearish Momentum The MACD (12, 26, close) provides further confirmation of a potential trend reversal. While XRP made a lower low during its recent decline, the MACD histogram printed a higher low, establishing a bullish divergence. This suggests that bearish momentum is weakening. Furthermore, the MACD line is curling up toward the signal line, hinting at a possible bullish crossover. If this crossover completes, it will reinforce bullish momentum and support upward price action. Indicators Supporting a Bullish Case Bollinger Bands (BB): XRP recently bounced sharply off the lower band around $1.70, indicating an oversold condition. The price is currently approaching the mid-band (20 SMA) near $1.95. A solid break above this zone could lead the price toward the upper band near $2.21. MACD: Momentum is shifting with a likely bullish crossover developing. This shift typically precedes short-term rallies. RSI (Relative Strength Index): On shorter timeframes (1H, 30M), RSI has climbed from oversold territory and now trends toward neutral (50), signaling room for further upside. Next Price Expectation Given these bullish signals, XRP is likely to challenge the $1.95–$2.00 resistance area. If it breaks through with conviction, the price may target $2.10–$2.15 within the next 8 hours. However, failure to break above $2.00 could result in minor pullbacks toward the $1.80–$1.75 range as the market consolidates. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Risk Management and Caution Despite the bullish setup, traders should remain cautious. Market volatility remains elevated, and low trading volume could lead to false breakouts. A tight stop-loss below $1.80 is advisable to protect against downside risk , especially if the price gets rejected at the $2.00 resistance. XRP’s chart structure and momentum indicators suggest a short-term bullish breakout is possible. A confirmed move above $2.00 could trigger a push toward $2.15. However, traders should monitor resistance levels closely and manage risk carefully. 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. Follow us on X , Facebook , Telegram , and Google News The post XRP Price Outlook: Key Patterns Signal a Short-Term Rebound-Critical Levels to Monitor appeared first on Times Tabloid .

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