XRP Eyes Major Breakout as Falling Wedge and Historic RSI Signal Growing Bullish Momentum
XRP is showing growing signs of a potential trend reversal as bullish technical signals begin to outweigh bearish momentum. According to market commentator Crypto With Gopal, XRP is forming a textbook falling wedge on the 4-hour chart, a pattern widely recognized as a bullish reversal signal.
After weeks of lower highs and lower lows, the narrowing price structure suggests selling pressure is fading while buyers continue defending the wedge's lower trendline, pointing to steady accumulation beneath the surface.
The next critical level is the wedge's upper resistance. A decisive breakout, backed by strong trading volume, could confirm the pattern and spark the next bullish leg higher. Until then, maintaining support at the lower trendline remains crucial, as a breakdown would invalidate the setup.
Bullish sentiment is also gaining traction. CoinCodex data shows XRP has reclaimed the key $1.10 psychological level, a move that could reinforce investor confidence and pave the way for further upside if buying pressure continues to strengthen.
XRP's Monthly RSI Hits Record Oversold Level as Bullish Reversal Signals Strengthen
The longer-term outlook is becoming even more compelling. Market analyst EGRAG CRYPTO notes that XRP's monthly Relative Strength Index (RSI) has entered its most oversold territory on record, falling below the key 42, 41, and 40 levels.
While such readings typically reflect heavy selling, they have historically preceded major trend reversals when momentum begins to recover.
According to EGRAG, the monthly RSI is now flattening, signaling that bearish momentum may be losing steam. He expects the indicator to gradually reclaim 40, 42, 46.5, 47.8, and eventually move above 50, levels that would confirm strengthening bullish momentum.
He also believes XRP could print one final lower low while the RSI forms a higher low, creating a classic bullish divergence. This powerful technical signal has often marked major market bottoms on higher timeframes and could set the stage for a broader macro reversal.
Beyond the charts, Ripple continues to strengthen XRP's long-term investment case. Ripple President Monica Long recently reaffirmed the company's vision of making the XRP Ledger the leading blockchain for institutional payments while accelerating global adoption of XRP and RLUSD.
With bullish chart patterns converging alongside expanding institutional utility, XRP appears to be approaching a pivotal inflection point that could define its next major move.
