XRP News Today: XRP Breaks Gaussian Channel Support Against Bitcoin on Higher Timeframes

XRP traders are observing a significant shift in technical dynamics as outlined by STEPH IS CRYPTO, who notes that the asset has flipped the Gaussian Channel into support against Bitcoin for the first time [1]. This development marks a potential turning point for XRP, which has historically struggled to outperform the dominant cryptocurrency. The Gaussian Channel, a technical tool used to smooth price data and highlight key support and resistance levels, has now become a foundational signal for potential accumulation and relative strength [2].

According to STEPH IS CRYPTO, this shift is more meaningful on higher timeframes. Seasoned traders often emphasize that signals on longer charts—weekly or monthly—carry greater weight because they filter out the noise and false signals common in intraday trading. When a trend filter like the Gaussian Channel confirms a structural change on these higher timeframes, it typically signals the beginning of a more sustained move [3].

XRP’s pairing with Bitcoin has been in a prolonged consolidation phase for years, marked by a steady underperformance. However, recent price action shows the asset breaking out of a descending pattern and retesting critical levels. Currently stabilizing around 2,000 satoshis, XRP appears to be in a base-building phase where former resistance is transforming into support, a common precursor to long-term reversals [4].

If XRP can maintain its position above the Gaussian Channel on higher timeframes, the probability of extended relative strength against Bitcoin increases. While technical signals do not guarantee a direct upward trajectory, historical data shows such flips often precede extended periods of outperformance [5]. Traders and investors are now monitoring volume expansion and strong weekly closes as potential confirmation of a true regime shift.

The current market environment remains cautious. While XRP recently reached $3.10—a key support level—technical indicators like the MACD and RSI suggest the rebound may be losing steam. The Chaikin Money Flow (CMF) at -0.21 also indicates moderate selling pressure, though the asset has not yet reached an extreme bearish threshold [6].

Large investors, or “whales,” have been active in the XRP market, accumulating over 320 million tokens in recent days, followed by another 440 million tokens shortly afterward. This accumulation has led to speculation about a potential price surge, especially if bullish momentum continues [7]. Analysts have also projected a price target of $13 for XRP by mid-September, assuming the current trend persists [8].

The Fear and Greed Index currently stands at 60, indicating a generally greedy sentiment in the market. On the four-hour chart, XRP is expected to pull back to $3.10 as short-term support, with a breakdown below that level potentially pushing the price toward $3.05. Conversely, a move back above $3.20 could signal stronger buying pressure and set the stage for a test of $3.26 as the next resistance level [9].

In the broader technical context, XRP’s Ali chart shows a breakout from a multi-year symmetrical triangle in November 2024, projecting a potential target of $12.60 based on Fibonacci extension levels. This highlights the long-term technical potential of XRP, provided bullish momentum holds [10].

Currently trading around $3.15, XRP has seen a surge in daily trading volume, with a 17.37% increase reaching $7.97 billion. Market observers are closely monitoring whether whale activity and technical indicators will lead to a broader breakout or if the asset may face further consolidation or even a deeper correction.

Source:

[1] Analyst to XRP Holders: The Bigger the Timeframe ... – Times

https://timestabloid.com/analyst-to-xrp-holders-the-bigger-the-timeframe-the-stronger-the-signal/

[2] Buy XRP? Bollinger Bands Signal Unexpected Price Shift ... – U.Today

https://u.today/buy-xrp-bollinger-bands-signal-unexpected-price-shift-ahead

[3] Is XRP On the Cusp of a Comeback or a Catastrophic Collapse? – TheNewsCrypto

https://cryptorank.io/news/feed/573c6-is-xrp-on-the-cusp-of-a-comeback-or-a-catastrophic-collapse

[4] Massive 320 Million XRP Purchase by Whales Signals ... – Yellow.com

https://yellow.com/news/massive-320-million-xrp-purchase-by-whales-signals-potential-price-surge

[5] XRP News Today: XRP Whales Buy 440 Million Tokens as ... – AInvest

https://www.ainvest.com/news/xrp-news-today-xrp-whales-buy-440-million-tokens-market-cap-drops-15-billion-2508/

[6] XRP Price Prediction: Institutional Giants Step In as $3 ... – CoinCentral

https://coincentral.com/xrp-price-prediction-institutional-giants-step-in-as-3-support-holds-strong-whats-next/