XRP Maintains a Bullish Structure Above $1.30 Despite Recent Rejection

The price of XRP continues to show solid technical footing despite a recent rejection near local highs. As long as trading remains above the key $1.30 level, the broader market structure stays bullish. The latest pullback therefore looks more like healthy consolidation than the start of a deeper reversal.

Multi-Year Breakout Holds as Market Prepares for Expansion Analyst Crypto Patel notes that XRP is still trading above a confirmed multi-year breakout zone on higher timeframes. Following an extended accumulation phase, a strong expansionary move took place, and price action now appears to be forming a base for the next leg higher. From a technical perspective, XRP decisively broke out of a descending wedge that developed between 2020 and 2024. That breakout sparked a rally of more than 600% from the $0.60 area, reinforcing the broader bullish trend and confirming a long-term structural shift. Price is currently consolidating within the $1.30–$1.90 range—an accumulation zone with strong demand. As long as XRP holds above $1.30, the higher-timeframe structure remains intact and the broader bullish thesis stays valid. Looking ahead, Crypto Patel maintains ambitious upside targets at $3.50, $5.00, $8.70, and potentially above $10 over the long term. The bullish outlook would only be invalidated by a higher-timeframe close below $1.30, which would signal a structural breakdown.

Trendline Holds Despite Rejection Near $2.37 Another update from Umair Crypto highlights that the primary trendline remains intact, even after XRP faced selling pressure near the $2.37 resistance. While momentum indicators briefly weakened, price action did not produce a confirmed structural break. According to the analysis, the RSI weakened before price, followed by a loss of the range POC (point of control). This sequence triggered a sharp pullback, but crucially without clear structural failure, suggesting the move was corrective rather than trend-ending. Relative strength also stands out. During an ETH-led market push, XRP saw a brief sell-off but quickly rebounded, outperforming many ETH-beta assets. This behavior points to capital rotation into relative strength rather than broad market distribution.

Outlook: Constructive While Key Levels Hold The near-term outlook remains constructive as long as the trendline holds and price can reclaim the range POC. Sustained acceptance below that area would challenge the bullish setup and shift focus toward lower levels. For now, however, XRP continues to demonstrate trend resilience amid heightened volatility.

#xrp , #Ripple , #Altcoin , #CryptoMarket , #CryptoNews

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

XRP-5,5%
ETH-6,86%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)