Fun

The XRP Rebound Blueprint: Double Bottom Could Fuel A Run To $2.80 Resistance

News Feed - 2025-05-22 07:05:35

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


In a recent updateon X, market analyst CRYPTOWZRD highlighted a developing double bottom formation on the XRPBTC chart, suggesting a possible bullish reversal may be underway. Although XRP ended the previous session with indecisive movements, this emerging pattern could drive its price action higher. Should the reversal confirm, XRP is likely to push toward the $2.80 resistance zone.  Bitcoin Dominance Pressures Altcoins, XRP Included


Expanding on his initial analysis, the analyst noted that XRP and XRPBTC closed their daily candles indecisively, reflecting ongoing market uncertainty and a lack of strong directional action. While XRPBTC is currently holding above a key double bottom formation, the analyst emphasized that the pair still appears relatively weak and requires more stable and constructive price action to confirm a bullish breakout. A strong reaction from this level could serve as a catalyst, helping XRP gain momentum from its current position on the chart. Related Reading XRP Price Will Still Rally From Here, Crypto Veteran Raoul Pal Forecasts 1 day ago


He also pointed out that Bitcoin dominance continues to exert pressure on altcoins, including XRP, causing them to underperform in their BTC pairs. As Bitcoin dominance approaches a major resistance level, the analyst anticipates a reversal that could shift capital flow back into altcoins. Such a reversal would provide a favorable environment and support a broader bullish continuation for XRP. Next major target for XRP | Source: CRYPTOWZRD on X


Looking ahead, the analyststated that his focus will remain on the lower time frames throughout the next trading session to determine the next scalp opportunity, particularly if XRPBTC begins to show signs of recovery and buyers step in with stronger momentum. Waiting On Confirmation: No Entry Without A Clear Move


Concluding his analysis, the analyst provided his outlook for the near-term price action, noting that intraday trading was choppy and lacked clear direction throughout the session. Despite the indecisiveness, he predicts a potential upside continuation if the price breaks above the $2.4650 intraday resistance level.  Related Reading Massive XRP Selling Pressure Is Stalling Price Action, Analyst Warns 1 day ago


Conversely, he identified $2.3160 as a crucial intraday support level, where buyers may step in if the market pulls back. This zone will be important to watch, as a breakdownbelow it could delay any immediate bullish momentum and signal further consolidation. The price action between these two levels will likely define the short-term direction for XRP.


He emphasized that patience is key at this stage, urging traders to wait for a clear and healthy move before considering new entries. With marketconditions still uncertain, the analyst plans to stay focused on refined setups and mature formations to ensure higher-probability trades in the sessions ahead. XRP trading at $2.33 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com

News Feed

Spellfire: Crypto Project Older Than Crypto Starts a ‘10 Days Growth’ Sprint
Spellfire: Crypto Project Older Than Crypto Starts a ‘10 Days Growth’ Sprint sponsored Spellfire has packed 30 years of history into an amazing experience and combined it with t
The Battle for the $2 Billion Venezuelan Gold Stash Continues, London Rules in Favor of Opposition Leader Guaido
The Battle for the $2 Billion Venezuelan Gold Stash Continues, London Rules in Favor of Opposition Leader Guaido Her Majesty’s High Court of Justice in England has determine
Hong Kong bank embraces stablecoin issuers
Savannah Fortis10 hours agoHong Kong bank embraces stablecoin issuersThe Hong Kong virtual bank aims to push forward its presence in the Web3 industry by allowing local stablecoin issues access to secure fiat reserve sol
Ethereum Slips Below Triangle—Is A $1,600 Crash Next?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Layer-2 rollups must decentralize sequencers or face the consequences
Tom Ngo16 hours agoLayer-2 rollups must decentralize sequencers or face the consequencesCentralized sequencers achieve higher throughputs and performance, but they also create severe security risks — illustrated by a $
FOREO’s Flagship Products Launch as NFTs Before Conventional Release, Paving the Way for Skincare Innovation
FOREO"s Flagship Products Launch as NFTs Before Conventional Release, Paving the Way for Skincare Innovation press release PRESS RELEASE. Stockholm, September 22nd: As the world mov
Turner Wright4 hours agoBinance.US request for protective order against SEC goes to magistrate judgeThe legal team for Binance.US filed a motion for a protective order on Aug. 14, claiming it was necessary to protect the
Coinbase Sees Rising Altcoin Interest As Traders Prepare For Big Moves
Este artículo también está disponible en español. A popular cryptocurrency exchange platform foresees an outsized market rally for altcoins in the upcoming weeks after Do
Wall Street’s Guggenheim Treasury tokenizes $20M paper on Ethereum
Ana Paula Pereira6 hours agoWall Street’s Guggenheim Treasury tokenizes $20M paper on EthereumAccording to Guggenheim Treasury Services, the product is the first digital version of commercial paper on the Ethereum netw
Bitcoin, Ethereum Technical Analysis: BTC Below $16,000 Amid Increased Market Volatility
Bitcoin, Ethereum Technical Analysis: BTC Below $16,000 Amid Increased Market Volatility Bitcoin slipped below $16,000 on Nov. 21, as markets continued to react to the news that th
Bitcoin Enthusiasm Peaks At $100K, Yet Expert Eyes A $95K Dip
Este artículo también está disponible en español. The consistent retail demand for Bitcoin at the $100,000 mark, which indicates high investor confidence, has recently dr
Marcel Pechman3 hours agoWhy is the crypto market down this week?Rising interest rates, delayed Bitcoin ETFs, global financial turmoil and other regulatory pressures are contributing to the crypto market’s underperform