XRP Price Officially Breaks Bear Market Trendline After 16% Surge


XRP price has surged 16% over the past day, climbing to around $1.15 after briefly falling to $0.98 last week.

Interestingly, the rebound has pushed the coin above a primary descending trendline that had capped its price since July 2025. The latest breakout may mark a major upset in the token’s long-running downtrend.

XRP Breaks Year-Long Bear Market Trendline

On X, market watcher Bird said XRP has “officially broken out” of the bear market trendline in place since July 2025. He cited more than a year of downward price action, arguing that the latest surge represents a decisive break from the trend.

The accompanying weekly chart shows XRP moving above a descending resistance line that began near the token’s 2025 peak and continued to guide its price lower through 2026. The breakout comes after XRP fell to approximately $0.98 last week before reversing sharply higher.

XRP weekly chart

XRP Reclaims the 50 EMA

Technical analyst ChartNerd also highlighted an important development on XRP’s daily chart. According to the analyst, XRP’s daily candle closed at $1.10, marking its first close above the daily 50 EMA in more than three months.

The move matters because the 50 EMA acted as a key technical barrier during XRP’s prolonged decline. Reclaiming the indicator signals that short-term momentum is shifting in favor of buyers.

ChartNerd has now posed a key question for XRP traders: What comes first — $1.50 XRP or $1.00 XRP?

That question reflects the sharp change in market momentum following XRP’s recovery from below $1.

More Bullish Calls

Analyst Michael XBT also expressed a strong bullish outlook for XRP amid the ongoing breakout. Since last week, when XRP price dipped under $1, he has urged XRP holders not to sell. 

The last price action has now reinforced his outlook. Michael’s long-term chart highlights a large multi-year pattern, which he describes as a seven-year pennant approaching a breakout.

“History will repeat,” Michael XBT wrote, adding that he believes the current setup could fulfill his earlier bullish prediction.

Price Still Faces a Major Test

Despite the breakout, XRP’s broader performance remains considerably weaker than its latest 24-hour move suggests. The cryptocurrency’s sharp rebound has not yet erased its longer-term losses, with XRP still down approximately 15.35% over the past 90 days.

That makes the $1.10-$1.15 region an important area for bulls. Holding above the broken trendline and maintaining the 50 EMA reclaim could strengthen the case that XRP’s prolonged downtrend is ending.

Conversely, a failure to sustain the breakout could turn the move into another false breakout and reopen the possibility of a return toward the $1 level.

Meanwhile, the ongoing move is being supported by Bitcoin, which is now above $72,500. Provided BTC remains up, the environment could support higher prices for XRP.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.





Source link

spot_imgspot_imgspot_img

Latest articles

Related articles

Leave a reply

Please enter your comment!
Please enter your name here

spot_imgspot_img