Inverted Hammer Signals Potential Bottom

XRP Shows Signs of Consolidation Ahead of Key Levels

Market analyst CryptoCeek notes that XRP is coiling under its 20‑day EMA, with bears unable to trigger a decisive breakdown, hinting at a potential buildup for its next move.

XRP is at a key technical juncture, testing critical support and resistance zones. A reclaim of $2.12 could fuel a bullish push toward $2.26, where the downtrend line offers a prime target, signaling renewed buyer control and attracting momentum traders and institutional attention.

Conversely, failure to hold $1.98 may trigger a slide toward lower channel support, with $1.61 as the next key level. Such a move would mark a short-term bearish phase, prompting traders and investors to reassess risk and positioning.

Therefore, XRP is at a pivotal juncture. Breaking above $2.12 could ignite short-term buying interest, while slipping below $1.98 may trigger profit-taking or defensive repositioning. 

XRP Weekly Charts Show Potential Bottom: Inverted Hammer Signals Possible Reversal

Renowned market expert EGRAG CRYPTO highlights that XRP may be forming a bottom after weeks of decline. The weekly $1.94 candle produced a classic inverted hammer, a strong bullish reversal signal, indicating easing selling pressure and potential buyer momentum after a multi-week downtrend.

The inverted hammer is a bullish signal, but confirmation is crucial before declaring a trend reversal. EGRAG CRYPTO identifies key conditions for XRP to validate a potential bottom:

• Strong Green Weekly Close: A follow-up bullish candle signals growing buyer momentum.

• Higher Low Formation: Establishing a higher low confirms stronger support and reduced downside risk.

• Break Above Key Resistance: Clearing the $2.10–$2.20 zone, and ideally surpassing $2.30, strengthens the case for a bullish reversal.

XRP is currently trading at $2.03, just above the inverted hammer’s low, signaling buyers are probing for upward momentum. While promising, this pattern remains a tentative bottom until key confirmation levels are met.

Well, the inverted hammer signals renewed hope for XRP bulls after weeks of consolidation below key moving averages. A strong weekly close above $2.20–$2.30 could spark a broader recovery, drawing both retail and institutional interest.

Conclusion

XRP is at a pivotal juncture, with bulls targeting $2.12 for a breakout and bears defending $1.98. The next sessions will likely set the short-term trend, with $2.26 as the upside target and $1.61 as key support.

Additionally, XRP’s weekly inverted hammer at $1.94 signals a potential bottom, but confirmation is key. 

As a result, a keen eye should be given to higher lows, sustained bullish momentum, and resistance breaks to validate a reversal. The coming weeks will be decisive, as XRP sits at a critical inflection point shaping its short-term trajectory.