HomePrice PredictionsXRPBullish reversal? XRP forms inverse H&S with $2.40 in focus.

Bullish reversal? XRP forms inverse H&S with $2.40 in focus.

Date:

XRP Technical Analysis: 5 APR 2025

XRP Technical Analysis

XRP is establishing an inverse head and shoulder on lower time frame. Source: TradingView

General View

XRP is showing early signs of strength after reclaiming the descending trendline. Price is now consolidating above intra-day support near $2.05, with bulls attempting to build momentum for a move higher. Additionally, a potential inverse head and shoulders pattern is in development, signaling a possible shift in market structure. While the upside remains challenging, the current price action suggests bulls are regaining control for a bullish retest.

On The Upside

A breakout from the descending trendline opens the path toward intra-day resistance levels at $2.17 and $2.25. Bulls are now focused on reclaiming this level as a firm break and hold above this point would confirm the inverse head and shoulders structure, likely inviting stronger momentum and opening the path toward $2.40 and $2.60 levels once again.

On The Downside 

XRP has reclaimed support at the $2.12 and $2.10 levels, which are expected to provide a base over the weekend. Following recent tests of the $2.05 and $2.00 zones, these levels have further strengthened their significance. For now, as long as the $2.10 support holds, bulls remain in control. However, if this level breaks down, pressure on the $2.00 mark will be back.

XRP Technical Analysis

Bulls are starting to show strength above the descending trendline resistances. Source: TradingView

Usman Ali
Usman Ali
A writer and market analyst with expertise in cryptocurrencies. He focuses on delivering clear, insightful, and well-structured content, emphasizing advanced trading strategies and in-depth market analysis. His writing style prioritizes clarity and professionalism, ensuring that complex market trends are easy to understand. He is keen on keeping his work organized, direct, and valuable for his audience.

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