XRP News Today: XRP Signals Potential Trend Reversal With +8% Gain

XRP is currently exhibiting strong bullish signals on its weekly chart, suggesting a potential trend reversal. According to respected crypto analyst Cryptoinsightuk, if XRP closes the week at its current level or higher, it will mark the first bullish engulfing candle on a higher low since its local top in January. This technical formation could signal the end of the recent consolidation phase and the start of a renewed uptrend.

A bullish engulfing candle occurs when a larger green candle completely engulfs the previous week’s red candle, indicating strong buying pressure. This pattern, especially when formed on a higher low, is often seen as a reliable indicator of a shift in market sentiment. In XRP’s case, this could be the clearest sign yet that the downtrend has run its course and accumulation is nearing completion.

Cryptoinsightuk believes this pattern is especially significant because it follows a period of sideways movement and lower volatility. If the weekly close confirms the bullish engulfing setup, it may lay the foundation for a sharp breakout in the near term.

XRP currently sits just below a long-standing descending trendline. A move of roughly +8% from current levels would push the price above this resistance—a key technical milestone. Breaking through the trendline could unleash significant upside momentum, as XRP has historically made aggressive moves once major resistances are cleared. While an 8% gain may seem like a sizable jump, Cryptoinsightuk notes that such a move is well within XRP’s typical volatility range. Once bullish momentum kicks in, price action could accelerate quickly.

Momentum indicators are also aligning with the bullish case. Both the Relative Strength Index (RSI) and the Stochastic RSI are on the verge of a bullish crossover on the weekly timeframe. These crossovers are often used to confirm shifts in market momentum and can serve as early signals of sustained bullish trends. If both indicators cross in the coming days, it would add further credibility to the idea that XRP is preparing for a breakout. Momentum would likely build rapidly, drawing increased attention from traders and short-term investors.

XRP has spent months trading within a tight range, frustrating both bulls and bears. However, this extended period of low volatility and accumulation often precedes explosive moves. Recent price action shows that buyers are gradually stepping in, and the structure of higher lows suggests growing confidence. With key technical patterns and indicators pointing in the same direction, XRP may be gearing up for a significant breakout. The next few days could prove critical in confirming this shift.

In summary, if XRP can secure a strong weekly close and push above the descending trendline, it could mark the start of a major bullish phase. Cryptoinsightuk’s analysis suggests that the conditions are aligning—and if a breakout occurs, it could happen fast.