Ripple’s XRP Bounce Loading? Key Indicators Flash Bullish Signal

Ripple’s native cross-border token is trading near key levels after retreating from the $2.13 zone. Price action has slowed, but signs from momentum indicators suggest a potential shift.

Momentum Indicators Show Early Signals

The 4-hour chart shows XRP still moving within a descending channel. It is holding inside this structure, with buyers responding near the lower boundary. The $2.00 area, labeled as a liquidity pocket, remains a level of interest. According to ChartNerd,

“Price action is respecting the channel support and resistance.”

The MACD histogram is showing signs of slowing bearish momentum. The bars are shrinking, which can point to an early shift. The Stochastic RSI has already made a crossover in the oversold zone. This pattern often appears before local reversals. ChartNerd also noted that the price may remain inside the channel until the $2 level is tapped, with a breakout or breakdown likely to follow.

At press time, XRP is trading at $2.06, down more than 2% over the past 24 hours. Over the past week, it has lost 2% of value as well. Traders sold into strength near $2.13, locking in gains from the recent rally off the $1.80 level. XRP is now consolidating near support.

Moreover, EGRAG CRYPTO shared a long-term view based on Elliott Wave theory. The chart shows XRP completing Waves (1) through (3), now sitting in a Wave (4) correction. If the structure holds, Wave (5) may follow, which is usually where momentum expands.

The chart also highlights repeating behavior from past cycles. The asset has pulled back into rising support zones before forming higher lows. These points, marked by white and green circles, have followed a consistent pattern. EGRAG wrote, “That behavior is not weakness, it’s structure repeating,” and pointed to a possible target range between $15 and $22.

#XRP – The Chart Is Screaming, People Aren’t Listening ( Read Original