XRP Price Set to Explode with Bullish Breakout Targeting New Highs

Today’s XRP technical outlook reveals a strong setup for bullish momentum across multiple timeframes. A confluence of key support levels, bullish chart patterns, and momentum indicators signals a favorable risk-reward opportunity. The buy zone is at $2.095, with a stop-loss at $2.02, and upside targets ranging from $2.15785 to $2.5978. Let’s break down the analysis across daily, 4-hour, and 1-hour charts. Daily Chart: Bullish Structure Emerges On the daily chart, XRP is bouncing from a crucial support level at $2.02, forming a bullish cup-and-handle pattern—an indicator of a potential breakout. Daily candles are closing above the 20-day moving average, while Bollinger Bands are expanding, signaling heightened volatility ahead. The RSI at 55 suggests bullish momentum without entering overbought territory. Additionally, the MACD has crossed above the signal line, further confirming the strength of the trend . This setup positions XRP for a potential move toward the $2.22–$2.34 range in the near term. 4-Hour Chart: Bull Flag Points to an Impending Move The 4-hour chart shows a well-formed bull flag after a sharp rally from the $2.02 support. Price action is supported by the 50 EMA, and higher lows are being established—both are bullish signs. The RSI is rising toward 60, while the MACD is positive with an increasing histogram. The ADX reading above 20 confirms a strengthening trend. These signals suggest a breakout from the flag, with $2.15785 as the first resistance level. If this level is broken, XRP could target $2.22 and beyond. 1-Hour Chart: Short-Term Reversal Pattern in Play Zooming in on the 1-hour chart, an inverse head-and-shoulders pattern has formed, with a breakout above the neckline at $2.10, now acting as support. The RSI at 65 indicates increasing bullish pressure, and the MACD remains positive. Price is trading above both the 20 and 50 EMA, confirming a strong short-term trend . These intraday signals suggest that XRP may push through $2.16–$2.22, aligning with our targets. Indicator Overview: RSI, MACD, Bollinger Bands Across all timeframes, key indicators support the bullish outlook. The Relative Strength Index (RSI) shows growing momentum without approaching overbought levels. The MACD is confirming trend strength with bullish crossovers, and Bollinger Bands on both the daily and 4-hour charts are expanding, signaling potential price moves. This alignment of indicators strengthens the overall trade thesis and supports the proposed entry and target levels. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Support and Resistance Levels: Key Technical Zones The key support is at $2.02, a historically strong level that has triggered multiple rebounds. Resistance levels include $2.15785, $2.2207, $2.3464, and $2.5978—each derived from past price rejections and Fibonacci extensions. These levels offer natural take-profit zones and clear guidance for trade management. A breakout above $2.22 would confirm a larger bullish structure. Volume and Sentiment: Bullish Market Participation Volume analysis shows increasing buying activity during bullish candles, especially on the 1-hour and 4-hour charts. This suggests active participation from both retail and institutional traders. Social sentiment on XRP is modestly bullish , and with the broader market holding firm—BTC at around $84,837 and ETH at $1,604—XRP is well-positioned for a follow-through. This combination of sentiment and technical structure creates a favorable environment for the setup. Risk Management and Strategy The trade setup includes a tight stop-loss at $2.02 and a conservative 2% capital allocation to ensure proper risk management. The risk-to-reward ratio is favorable, particularly when targeting the third or fourth resistance levels. Short-term traders should scale out profits around $2.157 and $2.22, while swing traders may hold partial positions toward $2.34 and $2.59, depending on momentum. However, a drop below $2.02 would require a reassessment. Given the alignment of indicators, XRP remains one of the most promising setups to watch. 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 Set to Explode with Bullish Breakout Targeting New Highs appeared first on Times Tabloid .

Source: TimesTabloid