 ▲ XRP / ChatGPT-generated image © |
XRP (Ripple) is reportedly showing signs of a major bullish reversal after six months of decline. The key question, analysts say, is whether it can defend the psychological support level of $1.
According to crypto media outlet Bitcoinist on February 13 (local time), cryptocurrency analyst ChartNerd stated that XRP has entered a critical bullish structural transition zone. He noted that although the token has declined for nearly six months with little rebound, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) have reached historically oversold levels. This is typically interpreted as a classic bullish reversal signal.
ChartNerd explained that XRP is retesting a zone that had acted as resistance for eight years, based on the 50-month exponential moving average (50-EMA), and has formed long wicks within the 0.618–0.5 Fibonacci retracement demand zone. This area previously triggered rebounds and is considered a structural factor supporting a potential bullish reversal. However, he emphasized that XRP must hold above $1 to sustain the upward move. If this level breaks down, he warned that a worst-case scenario could see the price plunge to $0.70.
Other analysts also cautioned about short-term volatility. TARA projected that if Bitcoin falls to $52,200, XRP could slide to $0.87. CasiTrades mentioned the possibility of a final dip to $0.90 but added that reclaiming $1.65 would invalidate the bearish scenario.
Meanwhile, some observers believe selling pressure is easing. BitGuru noted that XRP is responding strongly within the historically significant demand zone of $1.30–$1.35. After months of lower highs and a distribution phase, this zone is now acting as a support base. The recent strong rebound attempts suggest that selling momentum is weakening, he explained.
For the long-term outlook, Javon Marks presented an optimistic perspective. He assessed that an altcoin season is approaching and suggested that if XRP reclaims $2.47, it could surge to $4.8, setting a new all-time high. He further stated that a rally toward $15 is also within view. As of the time of writing, XRP is trading around $1.36.
Disclaimer: This article is provided for investment reference purposes only, and we are not responsible for any investment losses resulting from its use. The information herein should be interpreted for informational purposes only.