XRP News Today: XRP/BTC Forms Bullish Reversal Pattern Near 0.00002700 BTC

XRP/BTC has formed a falling wedge pattern with an inverted hammer, indicating a potential bullish reversal. This pattern suggests that after a prolonged downtrend, the price may be setting up for a breakout. The falling wedge began after XRP/BTC reached its peak and started forming lower highs and lower lows. The price is currently moving within this narrowing structure, with the wedge resistance aligning at the 0.00002700 BTC mark and the lower boundary holding near 0.00001930 BTC. The inverted hammer, which appears near the top of the wedge, often signals a reversal in trend. This pattern, combined with the wedge formation, supports a potential breakout. If the price clears the wedge resistance, it may target the white zone marked “Target,” which extends toward the 1.618 Fibonacci level near 0.00009200 BTC.

The chart includes a Fibonacci overlay, with the price interacting with the 0.5 and 0.618 retracement levels, reinforcing the wedge’s technical validity. Above the wedge, the 0.786 Fibonacci retracement aligns with the 0.00002700 BTC zone, making it a key level to watch for confirmation. The inverted hammer pattern, which shows up after strong selling, suggests exhaustion and a possible change in sentiment. This signal points to growing confidence in a long-term upward shift. XRP/BTC remains inside the wedge for now, but the structure, pattern, and technical zones imply a high-probability breakout if bullish volume confirms.

The Relative Strength Index (RSI) for XRP/BTC on the weekly chart shows weakening momentum after a strong overbought surge in late 2024. At the peak, RSI moved above 90, indicating intense buying pressure. That rally has since faded, with RSI dropping below the neutral 50 level in early 2025. The current RSI reads 44.75, while its 14-week moving average stands at 49.58. The RSI remains below this average, suggesting that bearish momentum continues. However, the gap has narrowed in recent weeks, signaling a possible shift or pause in selling strength. The RSI last bounced from the 40 zone, which had served as a floor in previous market cycles. If it holds above this area, momentum may recover. On past occasions, rebounds from similar RSI levels have aligned with larger upward moves on the price chart.

The recent overbought spike in late 2024 marked one of the strongest RSI surges for XRP/BTC in the last three years. That movement created a sharp divergence from the RSI average, which often leads to a mean reversion. Since then, the RSI has moved lower for several months in a row. Despite the decline, the RSI trendline appears to be flattening, hinting at possible stabilization. If the RSI crosses back above its moving average, it could confirm a shift in market momentum.