XRP trades at $2.94 with strong support at $2.86, as a technical signal points to weakening bearish momentum and recovery potential.
Resistance levels stand at $3.05 and $3.15, with a breakout likely opening a path toward $3.25–$3.30 in upcoming sessions.
Ali’s chart shows the 9-count signal issued its first buy trigger after nine sessions of decline, suggesting stabilization and demand strength.
XRP is showing early signs of a rebound after a sharp correction that followed its rejection above $3.40. The digital asset has been under pressure for more than a week, with consecutive declines driving prices lower. However, a technical signal now suggests that bearish momentum is waning and that XRP could be preparing for a short-term recovery. The token trades at $2.94 as of writing, with a 24-hour trading volume of $7.39 billion. It posted a modest daily gain of 0.59%, though it remains down 9.65% over the past seven days.
Technical Signal Points Toward Potential Recovery
The chart setup highlights a sequence that previously captured the top at point 1. Now, the same tool has marked a buy opportunity at point 9. This consistency adds weight to the potential shift in momentum. XRP has been forming consecutive lower highs and lower lows, a clear indicator of extended selling pressure.
Besides, sharp declines around August 14 and August 18 confirmed strong selling activity. Large bearish candles reflected aggressive distribution phases by sellers. However, the presence of a 9-count signal, often linked to trend exhaustion, indicates a slowdown in bearish momentum. Consequently, XRP seems to be entering oversold territory, where reversal setups typically form.
Ali (@ali_charts), who shared the chart, emphasized that the model previously timed the top with precision. Now it has issued its first reversal indication, suggesting a potential bounce.
Source: Ali-charts
Support, Resistance, and Market Structure
The structure shows support forming near $2.86, where XRP briefly dipped before recovering. The small-bodied candle with a long wick suggested buyers defended this area. Moreover, the quick bounce back above $2.90 strengthens the argument for a potential rebound.
The immediate resistance levels to monitor stand at $3.05 and $3.15. These levels coincide with previous breakdown zones. If XRP breaks these resistance points, the asset may extend higher toward the $3.25–$3.30 range. However, a sustained loss of $2.85 could invalidate the buy signal and trigger a move toward $2.70. Hence, traders are closely observing whether support holds to confirm trend reversal potential.
Historical Accuracy of the Signal
The signal is notable because it previously captured the market’s top with precision. Now, it has generated its first buy trigger in this cycle. Additionally, historical data shows that sequential signals often align with exhaustion points before shifts in direction.
Moreover, after nine consecutive sessions of decline, XRP is now showing its first signs of stabilization. The presence of demand near current levels, coupled with rising trading volume, strengthens the case for a relief rally. Hence, market participants expect XRP to confirm this reversal by reclaiming levels above $3.05.
Significantly, XRP remains within a broader corrective structure. However, the latest technical signal suggests that the asset may be entering a new short-term recovery phase.
