XRP/USDT – Ichimoku Cloud breakout on the 12H frame: Is it a medium-term reversal signal?
After a prolonged sideways accumulation since early April, XRP has just had a strong breakout above the Ichimoku cloud on the 12H frame – marking the first medium-term reversal signal after weeks of weakness.
Technical indicators support the upward trend:
• 12H MACD has just crossed above the 0 line, confirming a new buy signal formation.
• Stochastic RSI maintains strong upward momentum, with no signs of a peak divergence.
• Bollinger Bands have started to widen after a tightening phase, supporting stronger price volatility.
• 12H TSI (True Strength Index) has moved into positive territory – a factor reinforcing the upward trend.
However, the 2H frame shows short-term overbought signals:
• The price is at the upper region of the Bollinger Bands.
• Stoch RSI has entered the 80–90 range, indicating a potential slight correction.
Proposed strategy:
• Prioritize Buy on Dip around the 2.12–2.14 range if the price holds above the 12H Ichimoku cloud.
• If selling pressure is strong and the price breaks below 2.08 – it is advisable to exit the position to avoid a false breakout.
• Short-term expected target: 2.25–2.30. Medium-term: around 2.45 if the trend remains stable.
Conclusion: XRP is at the early stage of a new upward cycle from a technical perspective. Maintaining above the EMA lines and the 12H Ichimoku cloud will be a key factor in confirming the trend.