Ripple’s XRP breaks out of a downtrend, flashing bullish indicators | Credit: Hameem Sarwar
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Key Takeaways
Despite being 18% below its ATH and 10% down over 30 days, XRP briefly climbed above $3.
The 20 EMA crossed the 50 EMA, flashing a bullish signal and supporting the case for an uptrend.
XRP could test $3.29, push toward $3.67, and, in a highly bullish Q4 scenario, rally as high as $4.76.
XRP has been under pressure since hitting a new all-time high in July. The token now trades about 18% below its peak and is down 10% over the past month.
That trend may be starting to shift. Earlier this week, XRP briefly climbed back above $3 before dipping again.
Even so, multiple indicators suggest the pullback could be short-lived, with a potential rebound on the horizon in the months ahead.
XRP Surges Past Key Resistance
For weeks, XRP’s price was trapped in a downtrend, with the 4-hour chart showing a symmetrical triangle pattern that kept the altcoin locked in consolidation.
That setup has now shifted. Instead of breaking down, XRP held firm above the lower trendline and pushed decisively through the upper resistance line, signaling renewed bullish strength.
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The breakout gained further weight when XRP reclaimed key Exponential Moving Averages (EMAs).
On Monday, Sept. 8, the price climbed back above the 20 EMA (blue) and the 50 EMA (yellow) — a sign that buyers were regaining control.
Even more importantly, the 20 EMA crossed above the 50 EMA, forming a golden cross on the 4-hour chart. This pattern is widely seen as a strong bullish signal.
If sustained, this could begin an extended uptrend, which could see XRP’s price breach the $3.06 resistance.
The daily chart reinforces XRP’s bullish outlook. The Bull Bear Power (BBP) has flipped into positive territory, printing consecutive green histogram bars.
A positive BBP reading indicates that buying pressure outweighs selling pressure, giving bulls the upper hand. When paired with XRP’s breakout and golden cross, this momentum signal adds further conviction that the trend could continue upward.
Beyond that, the Parabolic Stop and Reverse (SAR) indicator also flashes bullish. The dots have now shifted below XRP’s price, a setup that typically signals an uptrend’s start—or continuation.
When the SAR dots move under the candles, it suggests that momentum favors buyers and that downside risk may be limited in the short term.
Combined with the bullish BBP and EMA crossover, the Parabolic SAR adds another layer of confirmation to XRP’s strengthening outlook.
Given the current setup, XRP’s price could test the resistance at $3.29. A successful breakout above this level may soon open the door for a push toward $3.67.
If the broader market turns extremely bullish in Q4, momentum could accelerate further, sending XRP as high as $4.76 — a level that would mark a significant recovery.
On the downside, the trend may reverse if demand for altcoins weakens. In that case, XRP risks falling back toward support at $2.32.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
