Will XRP Finds its Footing at $1.35?
XRP is showing early signs of recovery at $1.35, as buyers defend key support levels. Market analyst Liembriel notes that technical indicators hint at a potential market bottom, setting the stage for a possible upward move.
XRP’s RSI is rebounding from oversold territory, a pattern that has historically foreshadowed strong price surges, signaling renewed buying interest. Meanwhile, the MACD nears a bullish crossover, suggesting momentum could turn positive and set the stage for a potential rally.
Meanwhile, market analyst Dark Defender recently pointed out XRP’s tightening chart structure, the clearest sign in months that consolidation may be ending. Historically, such patterns precede sharp price moves, and current signals suggest a bullish tilt for XRP.
XRP Eyes $1.60 as Strong Support and Whale Activity Signal Potential Rebound
Liembriel notes that buyers are firmly defending XRP’s $1.30 support. If it holds, the cryptocurrency could surge toward $1.60, an 18% upside. Increased activity from whales, large XRP holders, also adds momentum, hinting that a strong rebound may be imminent.
Well, XRP has spent eight consecutive weeks near its 200-week EMA, a key long-term support level closely watched by traders. Staying above this line could boost investor confidence and signal stability after a prolonged consolidation.
Combined with strong support at $1.30 and rising whale activity, technical indicators suggest that XRP may be poised for a significant move.
Analysts like Liembriel and Dark Defender view these factors as early signs of a potential rebound, hinting at the end of its extended sideways trend.
As XRP tests this critical zone, market participants will be watching for confirmation that the cryptocurrency is shifting from stabilization to renewed growth.
Conclusion
XRP is consolidating near key support around $1.30, while technical indicators hint at a potential bullish reversal.
Continued buyer defense at this level, combined with rising whale activity, could trigger a breakout from months of stagnation. As a result, the coming weeks may define whether XRP’s recovery gains meaningful momentum.
Source: https://coinpaper.com/15908/xrp-shows-signs-of-life-around-1-35-as-bottoming-metrics-strengthen
