Key Insights:
- XRP continued to trade above $2.00 while the formation of a falling wedge signaled a reversal.
- Weekly Ichimoku Cloud showed XRP above Kijun Sen, signaling sustained trend control.
- XRP/BTC up 11.6% YTD, showing relative strength as BTC slipped below weekly support.
XRP price was trading above $2.00 while in a falling wedge formation, which is a bullish pattern. Weekly Ichimoku Cloud remained above the Kijun Sen line, indicating domination of the current trend for XRP.
Additionally, XRP/BTC trading at 0.00005245 is up 11.6 % in the year to date, while BTC weakened below weekly support.
XRP Price Falling Wedge Pattern Identified on 2-Day Chart
Crypto analyst Rose Premium Signals identified a falling wedge on the XRP 2-day chart. The altcoin was printing lower highs and lower lows within the wedge formation. Historically, such structures signal bullish reversals when confirmed by volume and price support.
$2.00 has held as a support level during this consolidation phase. As XRP price approached the wedge apex, it began testing the upper trendline. Rose identified breakout targets at $2.90, $3.28, and $3.76—each aligning with historical resistance zones.
Weekly Ichimoku Cloud Confirms Macro Bullish Setup
In addition to the falling wedge, the Ripple’s token showed strength on the weekly Ichimoku Cloud chart. According to Dr. Cat, the price remained above the Kijun Sen, positioned at approximately $2.07, which served as a critical support line in the broader trend.
Staying above this level meant that XRP price was still holding within the bullish structure for the medium to long-term trend.
More notably, the Tenkan Sen and Kijun Sen bullish crossover also affirmed the uptrend momentum. The Tenkan Sen, which is plotted above the Kijun Sen, signaled that the short-term price was trending in the same direction as the long-term trend, which was upward. Further, the Chikou Span, or lagging line, had been trading above the price level for 26 weeks. This positioning has historically been interpreted as bullish continuation.
In addition, the forward-looking Kumo cloud stretched up to May, also signifying a bullish pattern. The cloud turned out to be massive and had an upward trend line with Senkou Span A staying above Senkou Span B. Such a configuration indicated favorable levels of support for the future, which helped XRP create a bullish structure for the different time frames.
Volume and Market Structure Support Advance
Notably, consolidation, volume analysis, and the formation of candlestick patterns provided additional evidence of buyer interest in XRP. There was no selling during pullbacks. Instead, there was evidence of accumulation, meaning that investors were maintaining their volume levels. The price range between $2.03 and $2.06 acted as a critical accumulation zone, where multiple bullish wicks emerged on the weekly chart.
Dr. Cat noted that the structure of XRP’s weekly chart showed greater strength than many other altcoins, including Ethereum. While several digital assets began to lose key technical levels, XRP price preserved bullish integrity by staying above both cloud and Kijun Sen support. This divergence reinforced the idea that XRP held a relative technical advantage in the current market environment.
XRP/BTC Pair Outperformance Against Bitcoin
XRP also performed relatively well compared to Bitcoin, especially when analysing the XRP/BTC chart. Data showed that XRP has increased by 11.6% in the year to date against BTC. This outperformance was seen when its weekly structure pointed to the fact that Bitcoin was teetering on the edge.
Bitcoin testing the $85,000 area lost key Kijun Sen, which pointed to the loss of a trend direction. Below it, the Tenkan Sen crossed the Kijun Sen, thus creating a death cross, a bearish crossover. The Chikou Span, however, lagged behind the price action from 26 weeks ago, indicating a bearish momentum. These bearish signals pointed to Bitcoin’s inability to regain the upper hand, especially when trading volumes slowed down from previous periods.
However, XRP price depicted strength and bullish relevance on the higher time frame, moving above the support level. The XRP/BTC pair was also recovering from the loss incurred in the last three days of intraday trading, where the Ripple token was at $2.09 and BTC at 84,484. This divergence signified that XRP had better fundamentals than Bitcoin in early Q2 2025.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
