XRP at a Crossroads: Multi-Timeframe Analysis Reveals Critical Next Moves
XRP’s price action fractures across timeframes—here’s where the rubber meets the road.
Short-term: Bulls cling to support as whales play chicken with liquidation levels.
Mid-term: A make-or-break retest looms—either springboards off historical demand zones or face the dreaded ’death cross’ narrative.
Long-term: Regulatory de-risking (read: lawyers finally cashing those Ripple settlement checks) could spark institutional FOMO. Or not—this is crypto, after all.
Bonus cynicism: Meanwhile, traditional finance still can’t decide if blockchain is ’the future’ or just a really inefficient Excel spreadsheet.
The XRP Key Bullish Divergence
In an X update, prominent crypto analyst Gowanus Monster highlighted a critical technical development for XRP. According to his analysis, the token has completed a bearish Descending Triangle formation across multiple timeframes, a classic pattern that often signals continuation to the downside. Based on the measured move from this structure, the projected target is around $1.90, suggesting a potentially significant retracement if bearish momentum continues to build.
Zooming out to the weekly chart, the pattern is beginning to evolve into a well-defined structure, with clear upper and lower boundaries. Gowanus Monster noted that the current focus lies on identifying a higher low within this channel.
He also pointed to a key principle: when a price rebound from the upper boundary of a descending channel fails to reach the lower boundary, instead bottoming out early, it often precedes a bullish breakout to the upside. This nuanced behavior, if confirmed, may set the stage for XRP to defy the current bearish structure and ignite a fresh rally beyond the confines of its channel.
Bear Trap Scenario: When Oversold Meets Demand
According to crypto analyst GemXBT, XRP remains firmly entrenched in a short-term downtrend, with price action currently trading below the 5, 10, and 20-period moving averages. This alignment of moving averages is a classic sign of sustained bearish momentum, suggesting that sellers continue to dominate the market in the NEAR term.
Presently, the Relative Strength Index (RSI) has dipped into the oversold zone, suggesting an imminent reversal or a period of consolidation as the market seeks equilibrium. Meanwhile, the MACD line remains below the signal line, indicating that downside pressure persists, and any potential recovery could face headwinds.
From a price structure standpoint, GemXBT identified key support around $2.15, which could serve as a critical level for buyers to step in and defend. On the upside, resistance lies near $2.25, a zone that bulls WOULD need to reclaim in order to shift short-term sentiment. The recent uptick in trading volume is worth noting, as it could introduce more volatility in the sessions ahead, either accelerating a breakdown if support fails or fueling a sharp recovery if sentiment flips.
