Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Why Analysts Claim XRP Price Pattern Is Not Bearish

Why Analysts Claim XRP Price Pattern Is Not Bearish

BeInCryptoBeInCrypto2025/06/23 13:30
By:Mohammad Shahid

Despite recent volatility, prominent analysts argue XRP&#8217;s technical setup is not bearish yet. They highlight specific price levels crucial for confirming the trend.A technical evaluation of XRP’s recent 5-day chart adds context to these analyst views. Analysts Remain Cautiously Optimistic About XRP Price XRP prices dipped nearly 7% over the past week amid heightened geopolitical &hellip; <a href="https://beincrypto.com/xrp-price-support-analysts-dismiss-bearish-outlook/">Continued</a>

Despite recent volatility, prominent analysts argue XRP’s technical setup is not bearish yet. They highlight specific price levels crucial for confirming the trend.A technical evaluation of XRP’s recent 5-day chart adds context to these analyst views.

Analysts Remain Cautiously Optimistic About XRP Price

XRP prices dipped nearly 7% over the past week amid heightened geopolitical tensions, notably driven by US airstrikes on Iranian facilities. The altcoin fell from roughly $2.20 to a low near $1.90 before stabilizing around $2.06.

Veteran trader Peter Brandt highlighted a potential Head-and-Shoulders (H&S) pattern on XRP’s chart. This is traditionally a bearish indicator that signals a reversal from bullish to bearish if key support levels break. 

However, Brandt emphasizes caution against premature bearish conclusions. He explicitly notes the importance of XRP maintaining support above $1.80.

Treat the Apr 7 overshoot as an out-of-line movement and we have a possible H&S top in $XRPFor the sake of the uneducated trolls among you, this chart need NOT be interpreted as bearishPrice is at support right now I will review if price closes below 1.8xxxx pic.twitter.com/YlsqLi2SzN

— Peter Brandt (@PeterLBrandt) June 23, 2025

A decisive weekly close below that critical level would be needed to confirm a bearish scenario.

Meanwhile, analyst EGRAG CRYPTO provided a detailed bullish perspective using multiple technical indicators.

The Gaussian Channel is a volatility indicator used to identify trend strength and potential reversals. Closing within this channel boundary, around $1.75 currently, could signal weakening momentum and possible downward pressure. 

EGRAG emphasizes the importance of XRP staying above this boundary to maintain bullish strength.

Additionally, the 21-week EMA acts as a critical moving average that traders use to identify macro trends. 

A close above the EMA level of $2.33 would signify strong bullish momentum. 

Moreover, breaking above the resistance at $2.65 would confirm a robust long-term bullish trend.

EGRAG also applies Elliott Wave analysis, a technical approach that identifies repeating patterns (waves) in market prices to forecast potential targets. 

Why Analysts Claim XRP Price Pattern Is Not Bearish image 0Analyzing XRP Price with Elliott Wave Indicators. Source: X/EGRAG

Using Elliott Wave ratios, the analyst projects XRP could reach between $9 and $10 if the altcoin successfully completes its anticipated fifth wave, provided current support levels hold firm.

Short-Term Technical Analysis Supports Caution

XRP faced significant selling pressure as prices declined sharply towards $1.90, confirmed by the Accumulation/Distribution (A/D) line dropping notably. 

The A/D line measures cumulative buying and selling pressure, and its decline indicates higher trading volume on price decreases, reflecting strong seller activity.

As XRP price reached support near $1.90, the A/D line stabilized and began a modest climb during the rebound, indicating renewed buyer activity. 

Why Analysts Claim XRP Price Pattern Is Not Bearish image 1XRP Accumulation/Distribution Chart Over the Past 5 Days. Source: TradingView

Nevertheless, the accumulation during this rebound has not yet fully neutralized the earlier distribution, suggesting caution remains warranted.

Meanwhile, the Chaikin Money Flow (CMF), an indicator showing the strength of money flowing into or out of an asset, turned negative during the sell-off, confirming strong outflows. 

Although CMF improved somewhat during XRP’s rebound, it remained weak and did not enter positive territory, signaling that buyers remain tentative.

Why Analysts Claim XRP Price Pattern Is Not Bearish image 2XRP CMF Chart. Source: TradingView

Consolidation and Critical Levels to Watch for XRP

These technical indicators suggest XRP is currently in cautious consolidation. While support near $1.90 proved strong, the limited improvement in CMF indicates ongoing market uncertainty.

Overall, this analysis aligns with analyst views that key support around $1.75 to $1.80 remains intact. Only a decisive weekly close below these supports would validate a bearish outlook.

Traders should closely monitor XRP’s interaction with critical support and resistance levels. 

Why Analysts Claim XRP Price Pattern Is Not Bearish image 3XRP Price Chart. Source: TradingView

Specifically, a confirmed breakout above $2.33 and then $2.65 would signal bullish continuation, while a decisive breach of $1.75-$1.80 support would indicate increased bearish risk.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

HUSDT now launched for futures trading and trading bots

Bitget Announcement2025/06/25 09:35

New spot margin trading pair — NEWT/USDT!

Bitget Announcement2025/06/25 02:55

DMCUSDT now launched for futures trading and trading bots

Bitget Announcement2025/06/24 13:13