{"id":50433,"date":"2025-04-09T13:59:58","date_gmt":"2025-04-09T13:59:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/is-a-rally-brewing-xrp-flashes-key-rebound-signal\/"},"modified":"2025-04-09T13:59:58","modified_gmt":"2025-04-09T13:59:58","slug":"is-a-rally-brewing-xrp-flashes-key-rebound-signal","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/is-a-rally-brewing-xrp-flashes-key-rebound-signal\/","title":{"rendered":"Is a rally brewing? XRP flashes key rebound signal"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<ul>\n<li>XRP forms a double bottom pattern signaling a possible rebound.<\/li>\n<li>Resistance lies at $1.90, which if cleared could lead to a major breakout above the $1.96 neckline.<\/li>\n<li>Ripple&rsquo;s acquisition of Hidden Road supports the bullish outlook.<\/li>\n<\/ul>\n<p>XRP is stirring excitement among traders as technical patterns and market developments hint at a possible turnaround.<\/p>\n<p>Currently hovering around $1.82 after a sharp decline from above $2.00, the Ripple (XRP) is showing signs of resilience despite persistent selling pressure.<\/p>\n<p>Analysts are eyeing a potential rebound, driven by a forming double bottom pattern and Ripple&rsquo;s recent acquisition of Hidden Road.<\/p>\n<h2>Technical analysis points to a possible XRP rebound<\/h2>\n<p>XRP&rsquo;s price action is painting a compelling picture on the charts.<\/p>\n<p>After tumbling to a low of $1.61 on April 7, XRP has quickly recovered to $1.8217, jumping by 13.15% in 48 hours.<\/p>\n<p>Despite facing resistance at the current price level, analysts like Blockchain Backer on April 7 <a href=\"https:\/\/twitter.com\/BCBacker\/status\/1909221869070262668\">noted<\/a> that XRP is in the final leg of an ABC correction, with Wave C targeting a bottom between $1.40 and $1.50&mdash;a zone tied to historical support and the 0.786 Fibonacci retracement.<\/p>\n<p>In addition to completing the ABC correction, a double bottom is around $1.74 on the 4-hour chart.<\/p>\n<p>This pattern, coupled with oversold conditions near the lower Bollinger Band, suggests that bearish momentum may be exhausting.<\/p>\n<p><\/p>\n<p>If the $1.74 support holds and the MACD shows bullish divergence on shorter timeframes, a bounce toward $1.85 or $1.90 could unfold.<\/p>\n<p>However, previously, the XRP price has faced rejection at the $1.90 resistance, where a bearish trend line and the 61.8% Fibonacci retracement of its recent drop from $2.168 to $1.61 loom large.<\/p>\n<p>And seeing that the altcoin is currently trading below the 100-SMA and the MACD is firmly in a bearish territory, it remains vulnerable to another decline if $1.90 holds firm.<\/p>\n<p>Nevertheless, XRP&rsquo;s swift recovery from $1.61 and a 13.14% surge in trading volume reveal underlying strength.<\/p>\n<p>This resilience and the formation of a double bottom hint that buyers are stepping in, potentially countering the bears if key levels break in their favor.<\/p>\n<h2>Recent acquisition of Hidden Road supports the rebound<\/h2>\n<p>Beyond the charts, <a href=\"https:\/\/coinjournal.net\/news\/ripple-acquires-prime-broker-hidden-road-for-1-25-billion\/\">Ripple&rsquo;s acquisition of Hidden Road for $1.25 billion<\/a> is igniting hope for XRP&rsquo;s utility and price.<\/p>\n<p>This deal positions Ripple as the first crypto firm to own a prime brokerage, merging traditional finance with the XRP Ledger&rsquo;s fast, scalable infrastructure.<\/p>\n<p>Hidden Road, which clears $3 trillion annually, plans to use XRPL for trade settlements and RLUSD as collateral, enhancing efficiency in cross-asset trading.<\/p>\n<p>CEO Brad Garlinghouse sees this as a game-changer for institutional adoption, a view echoed by the crypto community.<\/p>\n<p>Following the announcement, XRP spiked 2% in hourly trading, defying market-wide selloffs.<\/p>\n<p>This real-world catalyst could amplify technical signals, pushing XRP toward a sustained rebound if momentum builds.<\/p>\n<p>Though the resistance at $1.90 and current bear momentum pose risks, XRP&rsquo;s recent price action and growing utility suggest a major rebound may be near, especially if it breaks through the double bottom&rsquo;s neckline at $1.96.<\/p>\n<p>The post <a href=\"https:\/\/coinjournal.net\/news\/is-a-rally-brewing-xrp-flashes-key-rebound-signal\/\">Is a rally brewing? XRP flashes key rebound signal<\/a> appeared first on <a href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/is-a-rally-brewing-xrp-flashes-key-rebound-signal\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) XRP forms a double bottom pattern signaling a possible rebound. Resistance lies at $1.90, which if cleared could lead to a major breakout above the $1.96 neckline. Ripple&rsquo;s acquisition of Hidden Road supports the bullish outlook. XRP is stirring excitement among [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":50434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50433"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=50433"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/50434"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=50433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=50433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=50433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}