XRP Chart Shows Bullish Reversal Signal in BTC Pairing

XRP is showing encouraging technical signs as the XRP/BTC trading pair begins to shape a pattern that could indicate a major trend shift. A formation resembling a falling wedge has been developing, which typically signals a potential bullish reversal.

Within the past 24 hours, XRP has gained over 7% against Bitcoin, highlighting renewed momentum. However, what captures the attention of market analysts isn’t just the recent rise—it’s the broader chart structure currently forming, which has historically preceded upward movements.

According to TradingView, the daily XRP/BTC chart illustrates a falling wedge pattern. This setup is often viewed as a precursor to a bullish breakout because it signals waning selling pressure. The decreasing volume and narrowing price range further add credibility to this possibility.

Falling wedges emerge when asset prices make a series of lower highs and lower lows, narrowing into a cone-like shape. Although such charts might initially look bearish, they often tell a different story beneath the surface. The pattern reflects cautious but persistent buying interest that may eventually break through resistance.

XRP has seen a steady decline against Bitcoin over the past two years. However, this downtrend appears to be slowing down. More recently, the XRP/BTC pair has traded within a tighter range, and volume has decreased—a combination typically associated with an impending breakout upward.

On May 11, the pair surged nearly 9%, climbing to approximately 0.00002472 BTC after bouncing off the wedge’s lower boundary. While this move doesn’t yet confirm a breakout, it serves as a significant indicator of building bullish energy within the market.

Adding more weight to the optimistic outlook are technical indicators. The Relative Strength Index (RSI) has risen to 58, which places it in neutral territory but shows increasing bullish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) has exhibited a slight bullish crossover—a classic early signal that a trend reversal may be on the horizon.

Although these signs are promising, a validated bullish reversal requires XRP/BTC to break above the wedge’s upper boundary. Such a move would ideally need to be supported by a notable increase in trading volume, reinforcing the strength and sustainability of the breakout.

Should XRP manage to break out with conviction, it could lead to a strong rally against Bitcoin. Market watchers have speculated that this movement may take XRP toward more competitive levels in the broader cryptocurrency landscape.

For XRP holders and market participants, the current technical patterns suggest a critical juncture. If buyers can maintain momentum and force a breakout above the resistance zone, this could mark the beginning of a phase of sustained outperformance for XRP relative to Bitcoin.

Related: Expert Advice: Sell XRP If You’re Confused

In conclusion, XRP’s recent technical activity on the Bitcoin chart hints at a possible bullish reversal. With early supportive indicators aligning and historical patterns setting the stage, all eyes are on whether the resistance levels can be convincingly challenged in the days ahead.