Ripple (XRP) Price Analysis: Price Recovery in Motion as Bulls Challenge $2.70 Level

XRP is currently trading near $2.65 and showing some strength on the lower timeframes. As mentioned in our previous analysis, the price has been moving within a broader downtrend as bears continue to press for further correction. For now, though, the charts are starting to hint at short-term bullish relief as momentum slowly shifts in favor of buyers. XRP is currently retesting a crucial resistance level, and if it manages to close above it, the move could give bulls the push they have been waiting for. With that in mind, let’s analyze the latest XRP charts to see what the price action is suggesting next.

Our XRP Price Prediction Summary

• XRP is holding key support at $2.30 while testing the crucial $2.70 resistance zone.
• A bullish divergence and inverse head and shoulders pattern suggest growing upside momentum.
• A confirmed breakout above $2.70 could shift XRP’s outlook from neutral to bullish toward $2.90.

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Analyzing the Charts

Price Action Strengthens on the 4-Hour Chart

Looking at the latest 4-hour chart for XRP, the price appears to be holding the $2.30 support level well. After a recent bounce, it gained strong momentum and is now retesting the key resistance zone just below $2.70. This development is a positive sign for the bulls, as the price finally shows some signs of recovery. However, for a meaningful shift in trend, bulls need to reclaim the $2.70 level and turn it into solid support.

Inverse Head and Shoulders Pattern Signals Potential Breakout

We can also notice an inverse head and shoulders pattern forming on the 4-hour chart, which signals a possible move to the upside. If this pattern plays out, XRP could break above the crucial resistance at $2.70, with a potential breakout target near $2.90. However, this setup remains tricky since the $2.70 zone previously acted as a strong support level before the sharp drop earlier this month and is now expected to serve as solid resistance.

Daily Chart Highlights Key Resistance at $2.70

Switching to the 1-day timeframe, the key area to watch remains the resistance zone around the $2.70 region. This level is crucial, and bears will likely try to keep the price below it despite the growing bullish momentum. Interestingly, a bullish divergence has formed on the 1-day chart, which adds strength to the case for a potential upward move. Combined with the inverse head and shoulders pattern visible on the 4-hour chart, the continuation of this uptrend looks increasingly likely. However, given the strong resistance at $2.70, our XRP price prediction remains neutral for now as we wait for a confirmed breakout above this level.

Final Takeaway: What is Next for XRP?

In conclusion, XRP is showing early signs of recovery as short-term momentum begins to shift in favor of the bulls. The price continues to hold above key support levels while forming an inverse head and shoulders pattern and a daily bullish divergence. However, the $2.70 region remains the main obstacle that will decide the next major move. A confirmed breakout and close above this resistance could open the door for a push toward $2.90 and possibly higher levels if momentum holds. Until that happens, the overall outlook for XRP stays neutral.

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