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08/12/25 07:03 UTC-04

Analysts Note Weakening Bearish Pressure on XRP

Several analysts have pointed out increasing momentum in the XRP cryptocurrency, which may lead to a renewed bullish move in the future.

Analyst ChartNerd highlighted technical structures on the daily XRP/USD chart that indicate a potential resumption of price growth. Two indicators — the daily 20-day EMA and the lower trendline — may determine XRP’s next move.

At the moment, XRP is trading below the daily 20-day EMA, which acts as dynamic resistance. The cryptocurrency is in the middle of a developing bullish divergence, and a breakout above the 20-day EMA would confirm an upward move and trigger the next phase of the XRP rally. However, if the price falls below the lower trendline, this will only strengthen bullish sentiment.

Analyst Ali Martinez, examining XRP’s intraday dynamics, identified a symmetrical triangle forming on the chart. Considering other bullish signals, including bullish divergence, a breakout above the triangle's upper trendline could lead to a 16% increase in XRP in the short term.

A third analyst supported the widespread optimistic forecasts. Among other signals, he noted the upcoming launch of XRP trading on Bitnomial this Monday.

Overall, analysts believe that the prolonged bearish pressure on XRP is weakening and that the cryptocurrency is preparing for a rebound, with the main contributing factor being bitcoin’s rise above $92,000.

See also: "Strategy Buys Another 10,624 Bitcoins"

#XRP (XRP) #Bearish Trading

Editor: Alyona Nabok
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