XRP Price Breaks Trendline Signals Imminent Bullish Momentum

XRP has reached a pivotal turning point. On the 4-hour XRP/USDT chart, price action has finally broken above a long-held descending trend line (an event that often marks the end of sustained bearish pressure). XRP is currently trading at $2.1190 with a modest gain of 0.54%, XRP is now hinting at a potential trend reversal. Bollinger Bands (20 SMA) show recent contraction following a prior expansion phase, signaling a cool down in volatility (often the calm before the storm). Recent candles are forming higher highs and higher lows, laying the foundation for a bullish continuation. Critical Price Levels in Focus Support and resistance zones are clearly defined. The nearest support rests at $2.1077, with stronger support at $2.0143 (a level that previously served as a rebound point). On the upside, immediate resistance looms at $2.1814. A successful breakout and close above this resistance could open the gates for a retest of $2.40, where sellers previously overwhelmed buyers. Price is now consolidating above the broken trend line, which has flipped to support (a bullish retest that often precedes further upside when sustained). Ascending Triangle Hints at Breakout Potential XRP is currently forming a textbook ascending triangle pattern, where a rising trend line compresses price against horizontal resistance. This is a bullish formation that signals accumulation. While trading volume has slightly declined—often typical before breakout events—the setup suggests price could soon erupt. If XRP breaches the $2.18 resistance with strong volume, a measured move points toward the $2.40 to $2.60 range. If resistance holds, however, XRP may revisit lower support zones, particularly around $2.01. Bollinger Bands: Reading the Volatility The Bollinger Bands are narrowing, indicating consolidation and low volatility—a classic setup for a breakout. XRP is currently hugging the upper band, suggesting buyers still have control, though not in overbought territory yet. Historically, when XRP rides the upper band while the middle band (20 SMA) holds as dynamic support, it often precedes a bullish leg. A close below this middle band, however, could invite selling pressure and potential trend weakening. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 MACD Momentum: Signs of Exhaustion? MACD (12, 26, close) reveals a subtle shift in momentum. The MACD line remains above the signal line, preserving a bullish structure, but convergence is underway (implying weakening strength). A bearish crossover would likely drag XRP back to test the $2.01 area. If, however, the MACD line bounces and widens, it could validate a bullish continuation and fuel a breakout rally. Traders should watch this momentum closely, especially as XRP nears the triangle’s apex. Decision Point Approaching The candlestick structure—narrow-bodied candles with upper shadows (reveals hesitation near resistance). This signals potential seller exhaustion or indecision. A clean breakout above $2.18, accompanied by a volume surge and MACD divergence, could push XRP to $2.40 or even $2.60 quickly. Failure to hold above $2.10 could shift the bias back to bearish, targeting $2.01. In summary, XRP is on the verge of a major move . Whether it turns into a breakout rally or a failed retest depends on incoming volume, macro sentiment, and momentum strength. The next few candles are crucial (a technical inflection point traders can’t afford to ignore). 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 Breaks Trendline Signals Imminent Bullish Momentum appeared first on Times Tabloid .

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