XRP Prints Bullish Hammer on 2W Chart but Macro Correction Remains Intact

According to analysis shared by EGRAG CRYPTO, XRP has just printed a bullish Hammer candle on the 2-week timeframe, with the candle body closing above the 100 EMA.

This is not being interpreted as a random bounce, but as a structured technical reaction at support.

The higher-timeframe context matters here. While the reaction is constructive, XRP remains inside a broader macro corrective structure, meaning confirmation has not yet been secured.

2-Week Hammer at Key Support

On the 2W timeframe, the Hammer formation signals that buyers stepped in aggressively after downside pressure. A bullish Hammer at support typically reflects absorption rather than continuation selling.

The additional detail that price closed above the 100 EMA strengthens the signal. In higher timeframes, reclaiming a major moving average often marks the beginning of a stabilization phase.

EGRAG identifies $2.20 as the next probability move if upside follow-through continues. That level represents the next structural test within the broader corrective pattern.

Confirmation Still Requires $2.40

Despite the constructive reaction, the macro picture remains incomplete.

The key confirmation level sits at $2.40 on a weekly closing basis. Until XRP secures a decisive weekly close above that threshold, the move is categorized as part of a larger corrective phase rather than a confirmed trend expansion.

According to the structure outlined, current volatility fits within what is described as Wave-4 behavior, a corrective swing rather than a breakout impulse.

Descending Broadening Wedge Still in Play

The broader structure remains defined by a Descending Broadening Wedge, which continues to hold.

Price is still searching for a confirmed macro bottom rather than actively breaking out of the formation. The wedge structure suggests expansion is possible, but only after confirmation conditions are met.

Conclusion

XRP has delivered a technically constructive response at support. However, the macro corrective phase remains active until key resistance is reclaimed.

For now, structure favors cautious optimism, with confirmation still required before declaring a broader trend shift.

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