XRP Surges 1.96% Amid Bullish Patterns, Eyes $2.03

XRP is currently experiencing a short-term bullish recovery after a significant correction, with its price hovering around $1.9468, marking a 1.96% increase on the 1-hour chart. A multi-timeframe analysis across 1-hour, 30-minute, 15-minute, and 5-minute intervals suggests a potential shift in momentum, as the price attempts to reclaim key levels. However, the psychological resistance at the $2.00 level remains a significant hurdle.

Several major price patterns are supporting this bullish outlook. A breakout from a falling wedge near the $1.70–$1.75 range indicates a bullish reversal, with a short-term target projected in the $2.00–$2.03 range. If resistance is cleared, bullish continuation is possible. Additionally, a double bottom pattern near $1.70 with neckline resistance at $1.90 suggests strong buying pressure, further supporting the ongoing upside momentum. A small-scale inverse head and shoulders pattern on the 5-minute chart signals a bullish shift in microstructure, lending further support to near-term continuation. After rallying to $1.93, XRP entered a descending consolidation pattern typical of a bullish flag, and a confirmed breakout would support a push higher toward the $2.00 level. The 1-hour chart reveals a gradual, rounded base formation suggesting accumulation, which supports the case for sustained bullish recovery into the $2.00–$2.03 zone.

Indicators analysis also supports the bullish outlook. XRP is trading near the upper Bollinger Band on the 1-hour and 30-minute charts, signaling bullish momentum but also suggesting short-term overbought conditions. The mid-band at $1.90 offers nearby support. A bullish crossover has occurred on both the 1-hour and 30-minute charts, with histogram bars beginning to flatten but bullish momentum remaining present. RSI levels across the 1-hour and 15-minute charts are between 60 and 65, indicating a bullish bias but approaching overbought territory, which may lead to brief consolidation before continuation. Volume surged during the breakout between $1.75 and $1.90, indicating strong buying interest, although current volume has slightly tapered off, making follow-through crucial to sustain the move.

Key resistance levels are identified at $1.9535, $2.0000, and $2.0390, while support levels are at $1.90, $1.8509, and $1.75. From a macro perspective, XRP continues to face regulatory pressure, with investor sentiment closely tied to the SEC vs. Ripple litigation. However, Ripple’s expanding utility in cross-border payments, particularly across Asia-Pacific, provides a solid long-term narrative. In the near term, altcoins remain influenced by global macro factors including Fed policy, liquidity conditions, and Bitcoin’s price action. Assuming no negative catalyst emerges, XRP could retest $2.03 by midweek if it successfully consolidates above $1.95. Failure to reclaim this level could delay the rebound until the weekend, potentially resulting in a short-term pullback toward $1.85.

XRP holds a short-term bullish bias above $1.90, with the potential to rally toward $2.03. Volume confirmation and market sentiment will be key in validating this breakout. However, it is important to note that this content is meant to inform and should not be considered financial advice. The views expressed may include personal opinions and do not represent any official stance. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk.