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XRP Bullish Engulfing Pattern Hints at New All-Time Highs

XRP price chart

TL;DR

  • XRP is buying and selling inside a triangle, with $3.44 marked as the important thing breakout resistance.
  • Bullish Engulfing candles and robust assist zones level to a doable upward transfer.
  • Compression continues as liquidity tightens, mirroring setups that preceded previous rallies.

Weekly Structure Builds Toward Breakout Zone

XRP has continued to commerce inside a symmetrical triangle sample on the weekly chart. The construction has held for practically a yr, with the value now transferring near the higher trendline close to $3.44. According to market analyst EGRAG CRYPTO, this stage marks a possible breakout level. If cleared, XRP might goal a transfer towards $7.34 based mostly on the vary of the formation.

The setup contains a number of Bullish Engulfing candles, which in previous cycles have appeared earlier than upward strikes. These patterns have been famous in early 2025, with comparable formations seen earlier in XRP’s buying and selling historical past. EGRAG pointed out, 

“The subsequent time we see a Bullish Engulfing Candle on the weekly chart, XRP might shoot as much as new all-time highs.”

Interestingly, the present weekly chart reveals XRP remaining above a key assist denoted because the Bull Market Support Band. This assist has remained intact in latest weeks, as noticed from the chart the place it’s drawn as a curved ribbon. It should maintain for any construction to stay intact.

XRP price chart
Source: EGRAG CRYPTO/X

EGRAG talked about that value motion inside this band has been secure. Traders have continued to defend the vary, with no affirmation but of a breakdown. This suggests the market stays in a managed section whereas ready for a clearer sign.

Support Levels Below Remain Active

Two ranges on the draw back have been marked as areas of curiosity in case of additional weak point. One is $2.60, sitting close to the middle of the triangle. The different is $2.37, which is close to the 0.618 retracement stage. EGRAG famous this space might provide a last low earlier than any potential rally. They mentioned, 

“If we hit $2.37 earlier than the following rise, it’s your likelihood to purchase low-cost.”

XRP was priced at $2.72 at press time, reflecting a 3% decline prior to now 24 hours and an 11% drop over the past week. Trading quantity stands above $9 billion for a similar interval.

Compression Pattern Signals Move Ahead

Sistine Research has additionally discovered a tightening value vary on the weekly chart. This can be a 3rd compression section because the final United States election, having all compressed at the next value stage. The current vary is the narrowest of all.

Sistine famous that order e-book liquidity has thinned, and most exercise is now centered close to the present value. They added, 

The setup mirrors earlier cycles in 2017, 2021, and 2025, all of which led to sturdy value strikes.

The submit XRP Bullish Engulfing Pattern Hints at New All-Time Highs appeared first on CryptoPotato.

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