- The possibility of regulatory approval might increase liquidity levels and market demand together with price stability.
- A price fall below $2.05 could pull XRP towards $1.50-$1.80 yet a breakout above $3 would make the bearish head-and-shoulders pattern invalid.
- The confusion in the market sector is displayed through RSI at 49.55 together with MACD showing bearish power reduction as it anticipates bullish interaction.
The regulatory approval of the XRP Spot ETF could establish XRP as a market-recognized asset which would lead to higher liquidity and demand and better price stability. XRP Spot ETF’s success will directly depend on market conditions together with regulatory barriers.
Thus,XRP’s recent price movements suggest a concerning technical formation that could lead to further declines unless a key resistance level is breached. XRP currently trades at $2.23 at present following a 6.1% daily price decrease.This reinforces the bearish sentiment as prices inch closer to the support level.
XRP Eyes $3 Break to Reverse Bearish Pattern
The current downward trend aligns with traditional technical analysis, where a confirmed break below the neckline—set around $2.05—could trigger further losses, potentially pushing XRP down toward the $1.50-$1.80 range.
However,analyst Ali suggests that if XRP manages to break above $3, it could invalidate the current head-and-shoulders pattern, shifting the outlook to a more bullish stance.
This head-and-shoulders pattern has evolved since January by first developing its left shoulder in early January followed by the head formation in mid-February and right shoulder appearance in March. A potential steep price drop for XRP will happen when support fails to maintain the neckline position. A move beyond $3 price level would create a new bullish pattern that could induce an upward trend.
XRP’s Technical Indicators Signal Market Indecision
The Relative Strength Index (RSI) stands at 49.55, with a secondary reading of 43.48, positioning XRP in a neutral zone. The RSI holding a position close to 50 points indicates market indecision because the asset remains neither overbought nor oversold. The market trend indicates bullish momentum growth if prices move above 50 but shows bearish pressure if prices fall below 40.
The (MACD)line highlights lingering bearish momentum. The MACD line stands at -0.0009 and the signal line maintains -0.0179 position with a histogram value of -0.0188. Positive changes in the histogram indicate a decline in market selling pressure according to the technical indicators. The MACD signal can confirm bullish reversal when it crosses above the signal line which may trigger buying interest among traders.
Overall, XRP’s technical indicators suggest a pivotal moment, where the next move depends on whether bulls can regain control. A successful break above the resistance marker can propel uptrending activity although declining to maintain crucial support levels might trigger additional market selling tactics.
