XRP Maintains a Bullish Structure Above $1.30 Despite Recent Rejection

XRP1,12%
ETH0,62%

The price of XRP continues to show solid technical footing despite a recent rejection near local highs. As long as trading remains above the key $1.30 level, the broader market structure stays bullish. The latest pullback therefore looks more like healthy consolidation than the start of a deeper reversal.

Multi-Year Breakout Holds as Market Prepares for Expansion Analyst Crypto Patel notes that XRP is still trading above a confirmed multi-year breakout zone on higher timeframes. Following an extended accumulation phase, a strong expansionary move took place, and price action now appears to be forming a base for the next leg higher. From a technical perspective, XRP decisively broke out of a descending wedge that developed between 2020 and 2024. That breakout sparked a rally of more than 600% from the $0.60 area, reinforcing the broader bullish trend and confirming a long-term structural shift. Price is currently consolidating within the $1.30–$1.90 range—an accumulation zone with strong demand. As long as XRP holds above $1.30, the higher-timeframe structure remains intact and the broader bullish thesis stays valid. Looking ahead, Crypto Patel maintains ambitious upside targets at $3.50, $5.00, $8.70, and potentially above $10 over the long term. The bullish outlook would only be invalidated by a higher-timeframe close below $1.30, which would signal a structural breakdown.

Trendline Holds Despite Rejection Near $2.37 Another update from Umair Crypto highlights that the primary trendline remains intact, even after XRP faced selling pressure near the $2.37 resistance. While momentum indicators briefly weakened, price action did not produce a confirmed structural break. According to the analysis, the RSI weakened before price, followed by a loss of the range POC (point of control). This sequence triggered a sharp pullback, but crucially without clear structural failure, suggesting the move was corrective rather than trend-ending. Relative strength also stands out. During an ETH-led market push, XRP saw a brief sell-off but quickly rebounded, outperforming many ETH-beta assets. This behavior points to capital rotation into relative strength rather than broad market distribution.

Outlook: Constructive While Key Levels Hold The near-term outlook remains constructive as long as the trendline holds and price can reclaim the range POC. Sustained acceptance below that area would challenge the bullish setup and shift focus toward lower levels. For now, however, XRP continues to demonstrate trend resilience amid heightened volatility.

#xrp , #Ripple , #Altcoin , #CryptoMarket , #CryptoNews

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Evernorth moves forward with an XRP treasury listing, filing merger documents with the SEC

Evernorth is advancing a merger plan with Armada Acquisition Corp II. After the merger, it will be listed on the Nasdaq under the ticker symbol XRPN, with XRP as its core asset. This move not only enables institutional investors to gain indirect exposure to XRP, but also is expected to reduce circulating market supply, enhance recognition of XRP’s value, and promote the integration of traditional finance with digital assets.

MarketWhisper20m ago

XRP Quantum Risk Exposure Seen as Limited, With 0.03% of Supply Affected

A recent report indicates that only 0.03% of XRP's total supply is at risk from quantum computing, as most wallets are active and can manage security updates. The threat remains largely strategic rather than urgent, with a focus on proactive mitigations.

CryptoNewsFlash5h ago

Yesterday, US spot XRP ETF saw net outflows of $661.2k, with the 21Shares product experiencing single-day outflows

As of April 10, the U.S. XRP spot ETF saw a total net outflow of $661.2k on April 9, mainly caused by the 21Shares XRP ETF. The product’s historical total net inflow is -$25.8450 million. Its current total net asset value is $955 million, and its historical cumulative net inflow totals $661.2k.

GateNews6h ago

Evernorth Amended SEC Filing Deepens XRP Role in Crypto Market Structure

Evernorth advances its SPAC merger with an amended SEC filing detailing XRP-based financing, refining how token contributions translate into equity within its planned public market debut. Key Takeaways: Evernorth advances SEC filing with XRP-based equity tied to 126,791,458 tokens from Ripple. R

Coinpedia9h ago
Comment
0/400
No comments