XRP’s Bullish Divergence: A 20% Rally Looms, But Will It Break the Bank? 📈💰

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Key takeaways:

  • At least two classic technical patterns are flashing bullish reversal signals on XRP’s charts, much to the delight of those who’ve bet their life savings on it.

  • $2.80–$2.95 remains a key support zone, with analysts calling it a “make-or-break” level, though one can’t help but wonder how many breaks we’ve had already.

XRP (XRP) may be gearing up for a short-term rebound, with signs pointing to a potential 20% price jump by the end of August, or perhaps just a fleeting mirage in the crypto desert.

Bullish divergence signals fading XRP sell-pressure

On its four-hour candle chart, XRP shows a bullish divergence, a common signal often hinting at a potential trend reversal. In this case, XRP’s price has been making lower lows, while the relative strength index (RSI), a momentum indicator, is making higher lows. Such a disconnect suggests that the recent selling pressure has been losing strength, or as one might say, the bears are getting tired of winning.

Another bullish signal is coming from XRP’s daily chart, on which the price is printing what appears to be a Dragonfly Doji candlestick pattern. This candlestick has a long lower wick and little to no upper shadow, with the open and close prices near the top of the candle, suggesting that buyers stepped in strongly after early selling pressure. It’s like a game of hot potato, where the last person holding it gets burned, but then suddenly, everyone wants it back.

XRP bounced roughly 65% after printing a similar Doji candlestick in April, a performance that would make even the most cynical investor crack a smile, or at least raise an eyebrow.

Analyst Cryptoes anticipates XRP will retain its prevailing bullish momentum if the price is above the $2.80-2.95 support range, calling it a “make-or-break” level. One can only hope it doesn’t break in the same way a porcelain teacup does when dropped from a great height.

XRP price in a falling wedge breakout

XRP is flashing a classic falling wedge pattern on its four-hour chart, a bullish reversal setup that may hint at a strong upside move. It’s as if the market is trying to tell us something, but in a language only a handful of chartists can understand.

The XRP/USD pair bounced off the wedge’s lower boundary near the 200-4H exponential moving average (200-4H EMA; the blue wave), showing strong demand at support. A 20% rally toward the $3.60–$3.65 range could unfold in the coming days if the price breaks above the wedge’s upper trendline, aligning with the 0.236 Fib line at around $3.07. Whether this will be a triumphant return or another false dawn remains to be seen, but one thing is certain: the drama never ends in the world of XRP.

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2025-08-01 20:47