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XRP XRP turned bullish after a 66-day downtrend, and analysts expect there is still room for upside.
XRP achieved a decisive technical breakthrough, rekindling bullish momentum after breaking through the 66-day downtrend line that has suppressed every rebound since the end of May. Market analyst Ash Crypto said the breakthrough marks a possible shift in the structure of the XRP market, suggesting that the long-term correction phase may be coming to an end as bulls regain control of the situation.
Breaking through a long-term downtrend is a key bullish signal, usually indicating that selling pressure has subsided and market sentiment has begun to shift. Therefore, market participants are currently watching whether XRP can stand above previous resistance levels to confirm that this position has transformed into new support levels.
XRP breakthrough momentum strengthens, US$1.30 target enters view
Adding weight to XRP's optimism is that cryptocurrency analyst Ali Martinez believes that this breakthrough has been fully confirmed. Martinez had previously regarded $1.13 as a key resistance level for XRP, and he believed that a decisive closing at that level would verify the bullish pattern and pave the way for subsequent gains.
With XRP currently trading above $1.13, Martinez has set $1.30 as the next major upside target. If we continue to break through this level, it will further strengthen the bullish trend and may trigger a new wave of buying.
Technical improvements have begun to be reflected in market performance. Market data showed that XRP was reported at US$1.15, an increase of more than 5% in the past 24 hours, highlighting the renewed confidence of investors after the breakthrough.
In addition to trendline breakthroughs, analysts are also focusing on an emerging triple bottom pattern-a classic bullish reversal pattern that occurs when assets successfully hold the same support three times. This pattern suggests that short momentum is weakening, while buyers are steadily absorbing selling pressure, and once a breakthrough is confirmed, it often signals a stronger upward trend.
As a result, the downtrend was broken, the resistance level was recovered, and the emergence of a triple bottom pattern together strengthened the bullish outlook for XRP. Of course, the situation may be more complicated-some analysts have even proposed long-term price targets of $9,$15 and $31, assuming market adoption accelerates and favorable market conditions continue, but these forecasts are still highly speculative and require continued strong demand support.
For now, market attention is still focused on two key prices: whether XRP can continue to stabilize its support level of US$1.13 and accumulate enough momentum to challenge the next major resistance level of US$1.30. If this level can be successfully exceeded, it will further confirm that XRP's latest breakthrough marks the beginning of a broader bullish trend.
