XRP Maintains Bullish Bias Above $1.30 Despite Recent Rejection

3 hours ago 2

XRP continues to show underlying strength despite facing rejection near recent highs, with the broader structure remaining intact. As long as the price holds above the key $1.30 level, the bullish bias remains in play, signaling that the latest pullback may be a consolidation rather than the start of a deeper reversal.

Multi-Year Breakout Holds As XRP Builds For The Next Expansion

During a recent analysis, Crypto Patel highlighted that XRP is trading above a confirmed multi-year breakout zone on the higher-timeframe chart, following the completion of a prolonged accumulation phase. After delivering a powerful expansion move, price action now appears to be building a structure for the next potential leg higher.

From a technical perspective, XRP has already achieved a decisive breakout from a descending wedge that developed between 2020 and 2024. This breakout triggered a rally of more than 600% from the $0.60 level, reinforcing the strength of the broader bullish trend and confirming the shift in long-term market structure.

Price is currently respecting a key fair value gap and accumulation zone between $1.90 and $1.30, an area that continues to act as a critical demand region. As long as XRP remains above $1.30, the higher-timeframe bullish structure stays intact, keeping the broader upside thesis firmly in play.

Looking ahead, Crypto Patel maintains ambitious upside targets at $3.50, $5.00, $8.70, and potentially above $10 over the longer term. The bullish outlook would be invalidated only by a higher-timeframe close below the $1.30 level, which would signal a breakdown in structure and shift the bias.

Trendline Structure Holds Despite Rejection Near $2.37

In another XRP update, Umair Crypto noted that the broader trendline structure remains intact despite the recent push above a key psychological level and rejection near $2.37. While momentum indicators showed early weakness, the price reaction did not result in a confirmed breakdown of the overall structure.

According to the analysis, the Relative Strength Index (RSI) broke down ahead of price, followed by XRP losing the range Point of Control (POC). This sequence triggered a sharp pullback, but importantly, the move lacked clear structural failure, suggesting the decline was corrective rather than trend-ending.

Relative strength continues to stand out. During the ETH-led market flush, XRP experienced a sell-off but rebounded quickly, outperforming many ETH beta assets. This behavior suggests capital rotation into relative strength rather than a broad-based distribution across the market.

Looking ahead, the bias remains constructive as long as the trendline holds and the price can reclaim value above the range POC. However, sustained acceptance below this area would invalidate the bullish setup and shift the focus toward lower levels.