Quick overview

Live XRP/USD Chart

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Ripple regained the 200-day moving average but is still consolidating below a key supply zone. Although short-term momentum remains positive, the market has not yet confirmed a strong breakout that would support a long-term bullish reversal. A potential medium-term reversal from the $2.1–$2.2 institutional demand zone is indicated by the classic inverse head-and-shoulders pattern XRP recently formed on the daily timeframe.

 

The price retook both the 200-day moving average and the downtrend line at $2.6 after the breakout, signaling renewed buying interest. However, at $2.7, aligned with the neckline and the upper boundary of the recent supply zone, the market faces an important resistance cluster. For bulls, this area represents the first significant test. A clear close above $2.70 would confirm a trend reversal and pave the way toward the $2.90–$3.10 resistance range.

Conversely, rejection at this level could lead to a brief dip toward the $2 support, where the broken trendline intersects with the 200-day moving average. If demand remains strong, this could serve as an ideal retest zone for bullish continuation. The 4-hour chart displays a bullish breakout from a symmetrical triangle pattern, followed by consolidation just below the $ 2.70 barrier.

Since then, the price has confirmed the $2.5–$2.55 breakout zone as a short-term support level. Based on this accumulation pattern, the bias remains upward as long as XRP stays above this range. Sustained movement above $2.7, targeting $2.85 and $3.0, would validate ongoing momentum. Conversely, a breakdown below $2.5 would invalidate the current bullish setup and bring the $2 demand zone back into focus.

Overall, volatility compression suggests that a breakout in either direction is likely, and Ripple appears to be coiling for a significant move…