XRP price is showing bullish signs of recovery as a bullish divergence continues to drive market momentum. After a week of steady build-up, XRP appears to be maintaining short-term upward pressure, hinting at a possible rebound in the coming days.
Short-term resistance and levels
On the daily chart, XRP is currently testing a critical resistance zone between $2.60 and $2.70. This range has acted as a strong ceiling on price movements, meaning there could be some hesitation around these levels. However, a clean break above $2.70 could open the door for a move towards $2.87 as the next immediate target.
Additionally, the next major resistance is slightly above $3.00, around $3.10, which could mark the next decisive battle for momentum if the bullish structure holds.
Inverted head and shoulders attached
XRP just confirmed a short-term inverse head and shoulders pattern – a classic bullish reversal setup. The neckline for this pattern was around $2.50, and with the price action closing above, this breakout technically activates a bullish target of around $2.88 to $2.90.
This means that XRP could still rise about 10% higher than current levels if this pattern continues to hold. The move from the breakout point to the target area shows a total possible gain of almost 15%.
A bearish structure looms?
Despite these short-term gains, XRP remains within a broader bearish structure and is still forming lower highs and lower lows on the daily time frame. A sustained break above $2.70, followed by consistent trading above that level, would be the first sign of a deeper trend shift.
For now, the bullish divergence continues to impact short-term momentum, and a brief upward phase may persist in the coming days or even a few weeks.
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