Date: July 2, 2025
Timeframe: 1-Hour Chart (Intraday Focus)
Exchange: Bitstamp via TradingView
Current Price: $2.21043 (+0.55%)
Chart Tools: Bollinger Bands (20 SMA), Volume, Support/Resistance Zones, Trendlines
🔍 XRP Technical Overview (1H Chart)
Ripple (XRP) is showing early signs of a bullish breakout after consolidating in a tight range for the past few days. The price is now testing the horizontal resistance around $2.21 with increasing buying volume.
📌 Key Observations:
- Ascending Triangle Pattern:
- XRP is forming higher lows and has a relatively flat resistance around $2.21.
- This pattern typically suggests bullish breakout potential if volume supports the move.
- Bollinger Bands (20 SMA):
- Middle Band (SMA): $2.18409 – recently reclaimed as support.
- Upper Band: $2.20503 – minor resistance cleared.
- Lower Band: $2.16316 – solid support from last correction.
- Support & Resistance:
- Immediate Support: $2.18 and $2.16
- Breakout Resistance: $2.22
- Next Major Target: $2.33700 (swing high)
- Downside Risk Level: $2.07185
- Volume Insight:
- Rising buy volume (153.64K) could indicate accumulation before breakout.
📆 XRP Price Prediction – Short-Term
If XRP holds above $2.21 with volume confirmation, it could challenge the recent high at $2.33700. However, rejection from $2.22 could push it back toward $2.16 support.
✅ Short-Term Bias: Bullish Above $2.21, Bearish Below $2.16
🧠 Expert Tip:
Ascending triangles often break upward, especially if backed by increasing volume and macro-positive news. Traders may look for breakout confirmation above $2.22 with a 1H candle close.
🔗 Related Internal Links:
🌐 Relevant External Links:
📊 Summary Table
| View | Trend | Support Levels | Resistance Levels | Bias |
|---|---|---|---|---|
| Intraday | Ascending Triangle | $2.18 / $2.16 | $2.22 / $2.337 | Bullish |
| Short-Term | Possible Upswing | $2.071 / $2.00 | $2.337 / $2.50 | Cautiously Bullish |
⚠️ Disclaimer:
This article is for educational and informational purposes only and does not constitute investment advice. Trading and investing in cryptocurrencies involves significant risk. Please consult with your financial advisor before making any trading decisions.
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