XRP at a Turning Point: Why Analysts Aren’t Rushing to Call a Bear Market

XRP has recently shown sharp volatility, dipping below the psychological $2.00 level before rebounding to around $2.10. While some chart patterns hint at a potential bearish reversal, top analysts are urging caution before drawing conclusions. Here’s why the debate over XRP’s next move is far from settled.

Volatility Signals but No Consensus

Amid global tensions—particularly U.S. strikes on Iranian targets—XRP fell from $2.20 to as low as $1.90 before bouncing back. Over the last 24 hours, XRP gained around 9%, stabilizing above $2.10. This rebound has split analyst sentiment.

Bearish Setup? Not So Fast

Veteran trader Peter Brandt points to a possible “head and shoulders” pattern forming on XRP’s chart—a classic reversal signal. However, he emphasizes that confirmation would only come if the weekly close falls below $1.80. Until then, the pattern remains unconfirmed and speculative.

Bullish Outlook from EGRAG CRYPTO

On the other side, trader EGRAG CRYPTO sees bullish potential based on several key indicators:

  • A weekly close above $1.75 would confirm strength along the upper edge of the Gaussian channel.
  • A break above the 21-week EMA at $2.33 would mark a macro trend shift toward bullish momentum.
  • Elliott Wave analysis suggests that, under favorable conditions, XRP could eventually rally toward $9–$10.

But these outcomes depend on XRP holding current support zones and overcoming critical resistance near $2.65.

Mixed Technical Signals

  • Accumulation/Distribution (A/D) indicators show sellers were dominant during the drop to $1.90, but recent stabilization hints at renewed buying interest.
  • The Chaikin Money Flow (CMF) remains negative, suggesting capital outflows persist despite minor improvement during the bounce. Buyer conviction is still lacking.

Key Levels to Watch

  • Support: $1.75–$1.80. A weekly close below this could validate a bearish breakdown.
  • Resistance: $2.33 and $2.65. A move above these would signal a strong return of bullish momentum.

Final Thoughts

XRP is now in a phase of cautious consolidation. Technical indicators are split, and the market sentiment remains fragile. Whether a bullish rally or bearish slide comes next depends heavily on how XRP behaves around key support and resistance levels.

This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any asset.