XRP Flashes Multiple Bullish Signals as $1.30 Breakout Comes Into Focus
XRP could be on the verge of a significant trend reversal as a combination of bullish technical patterns and strengthening on-chain activity begins to favor the upside.
According to renowned market analyst Ali Martinez, the cryptocurrency is flashing two powerful buy signals on the daily chart, fueling expectations of a potential rally toward the $1.30 level if momentum continues to build.
The first bullish signal comes from the Tom DeMark (TD) Sequential indicator, which has printed a "9" buy setup, a pattern traders closely monitor for signs that a downtrend is losing steam.
Historically, this signal often precedes a short-term rebound lasting one to four daily candles after prolonged selling pressure.
Reinforcing the bullish outlook is the emergence of a Morning Star Doji candlestick pattern across the past three daily sessions. Considered one of the market's most reliable reversal formations, the pattern suggests bearish momentum is fading as buyers begin to regain control.
Although stronger trading volume would provide further confirmation, the setup is widely viewed as an early indication that sentiment is shifting.
XRP's Surging Network Activity Reinforces Bullish Case for a Move Toward $1.30
XRP recently formed a double-bottom pattern following its recent correction. The structure indicates buyers have successfully defended a key support level twice, increasing the probability of a breakout.
Immediate resistance lies near $1.10, and a decisive move above that level could confirm the reversal and open the door to a push toward $1.30.
On-chain data is also reinforcing the bullish narrative. Martinez noted that daily active addresses on the XRP Ledger have climbed from around 23,000 on June 14 to nearly 39,500 over the past two weeks. The sharp increase points to growing network participation and transaction activity, metrics that often reflect improving demand and investor interest.
Presently, XRP is trading at $1.05 per CoinCodex data, leaving it just below a critical resistance zone. With technical indicators turning positive and network activity accelerating, signs are emerging that bearish pressure may be easing.
Is there light at the end of the tunnel? Well, the convergence of multiple bullish signals and rising on-chain engagement suggests XRP may be building the momentum needed to reclaim $1.10 and potentially extend its recovery toward the $1.30 target.
