Is the price of Ripple (XRP) concerning? Technical Analysis shows a positive trend.

According to Gate News, despite recent fluctuations, many well-known analysts still believe that the technical structure of Ripple (XRP) is bearish. They particularly emphasize several key price levels that play a crucial role in confirming market trends. Chart analysis over the past 5 days further supports this view, indicating that the current technical pattern remains structurally positive.

Analysts remain cautiously optimistic about XRP prices

As geopolitical tensions continue to escalate—especially with the U.S. airstrikes on Iranian infrastructure—XRP has dropped nearly 5% in the past week. The altcoin plummeted from around $2.20 to nearly $1.90, before slightly recovering and stabilizing around $2.14.

Veteran trader Peter Brandt pointed out that the XRP chart may form a head and shoulders (H&S) pattern, which is typically seen as a reversal signal from an uptrend to a downtrend when breaking key support levels.

However, Brant remained cautious, stressing that if XRP holds the key support level around $1.8, the bearish trend cannot yet be confirmed.

(Source: Peter Brandt)

The weekly closing price below the key support level will confirm the bearish outlook for XRP. However, the outlook is not completely bearish. Analyst EGRAG CRYPTO has presented a detailed bullish perspective based on a series of technical indicators.

Among them, the Gaussian channel (a volatility indicator commonly used to assess trend strength and reversal potential) plays a key role. EGRAG indicates that the XRP price must stay above the lower limit of the channel (currently around $1.75) to avoid further downward pressure and maintain a bullish structure.

In addition, the 21-week EMA (currently at $2.33) is also considered a key level for determining the macro trend. If XRP can consistently close above this EMA, it indicates that bullish momentum is strengthening.

In addition, the resistance level at $2.65 is regarded as a decisive resistance. Successfully breaking through this area will strongly confirm a long-term upward trend.

In addition, EGRAG uses the Elliott Wave Theory – a well-known technical analysis tool that helps identify repeating patterns in price action, providing a potential target price point for the next upswing.

(Source: Trading View)

Using the Elliott Wave Ratio, analysts predict that if the altcoin successfully completes the expected fifth wave, XRP may reach $9 to $10, provided that the current support level remains unchanged.

Short-term technical analysis suggests caution

As the price plummeted to $1.9, XRP is facing immense selling pressure, and the sharp decline of the Accumulation/Distribution (A/D) line confirms this. The A/D line measures the accumulated buying and selling pressure, and its decline indicates an increase in trading volume as the price falls, reflecting strong selling activity.

As the XRP price reaches the support level around $1.90, the A/D line tends to stabilize and begins to rise slightly during the recovery, indicating that new buying activity has emerged.

(Source: Trading View)

However, the accumulation during this recovery has not fully offset the previous distribution, indicating that caution still needs to be maintained.

At the same time, the Chaikin Money Flow (CMF) indicator, which shows the strength of capital inflows or outflows, turned negative during the sell-off, confirming the strong capital outflow.

Although the CMF has improved during the XRP recovery, it remains weak and has not yet entered positive territory, indicating that buyers are hesitant.

(Source: Trading View)

XRP Integration and Key Levels Worth Watching

These technical indicators suggest that XRP is currently in a cautious consolidation phase. Although the support level around $1.9 appears strong, the limited improvement in CMF indicates that market fluctuations are still ongoing.

Overall, this analysis is consistent with the view that the key support level around $1.75 to $1.8 remains solid. A bearish outlook can only be confirmed if the weekly closing price is clearly below these support levels.

Traders should closely monitor the interaction between XRP and important support and resistance levels.

Specifically, confirming a breakout at 2.33 USD and then breaking through 2.65 USD will indicate further upward movement, while a decisive break below the support level of 1.75-1.80 USD will suggest an increased downside risk.

(Source: Trading View)