XRP is moving closer to a major turning point as new upward momentum collides with a developing, expanding diagonal structure. The recent push from support is beginning to point to a possible macro shift, raising expectations for a breakout-driven continuation if buyers can maintain control.
Building a shortened low: the market structure becomes complicated
Hov recently marked a major shift in XRP’s structure, revisiting the outlook from the previous analysis where a potential decline was expected to complete a shortened low. Since that discussion, XRP has fallen further, pushing a new low on the line chart compared to the liquidity analysis fuse. However, the movement to that low point has not been easy and carries with it a structure that appears more complex than initially projected.
At first glance, the drop appeared to be a simple three-wave correction pattern. But upon closer inspection, Hov noted that a valid, growing diagonal count is also emerging. Despite the unusual structure, price action is showing signs of strength from the most recent low.
XRP is now developing a clearer impulsive move to the upside, which could be the early stages of the momentum needed to set up the expected high-probability C/3 wave trade. This early momentum doesn’t confirm a complete trend reversal, but it does reflect a notable shift in market aggressiveness.
For now, Hov maintains a bullish bias towards this support zone. As long as buyers continue to defend this area, the likelihood of the reversal scenario increases.
XRP breaks the key retracement level while RSI signals growing strength
According to the latter update from TARA, XRP has successfully reached the 0.5 retracement level while showing impressive strength on the RSI. That response alone indicates growing momentum beneath the surface. A break above this zone would shift focus to the next major target at $2.30, in line with the crucial 0.382 level. Gaining back that area would be a strong signal that XRP could finally reach a real bottom.
Despite this promising design, confirmation of a new trend is still lacking. Momentum is building and price action is becoming increasingly impulsive, exactly the type of behavior typically observed in the early phase of a macro wave 3.
Another key factor lies completely outside the chart of XRP. BTC has just reached its resistance zone around $88,300 and has not yet gained the strength needed to break through. This moment of hesitation is important because Bitcoin’s next decision will heavily influence XRP’s short-term direction. The market is very close to confirming its next major leg, and all eyes remain on how these critical levels will react in the coming sessions.