SuperTrend Indicator Turns Bullish
XRP is gaining attention as its SuperTrend indicator flips bullish on the 12-hour chart. Historically, this signal has triggered massive price rallies, with past trends indicating potential gains of up to 470%.
Crypto analyst Ali Martinez recently highlighted this development, suggesting a strong bullish outlook. “The last time this indicator flipped bullish, XRP surged 470%. It has just turned bullish again,” Martinez shared.
Price Levels and Market Support
XRP could surpass the $11 mark, a significant leap from its current levels. Strong support zones lie between $2.25 and $2.40, while $2.60 presents the next major resistance.
Since Donald Trump’s November election win, XRP’s market cap has surged to $140 billion, making it the third-largest cryptocurrency. This growth surpasses notable assets like Tether (USDT) and BNB Coin (BNB). Weekly gains exceeding 15% have already placed XRP among the top-performing altcoins.
Chart Patterns and Predictions
Additional bullish signs are visible on shorter timeframes. Martinez noted a TD Sequential buy signal on the 4-hour chart, suggesting a rebound is underway. Meanwhile, an 8-hour bullish pennant formation hints at an immediate price target of $3.50.
Crypto analysts are cautiously optimistic about XRP’s outlook. Captain Faibik observed a potential bullish flag breakout on the daily chart, which could result in a 50% rally if confirmed.
Divergent Views on Market Patterns
However, not all analysts are entirely bullish. Veteran trader Peter Brandt expressed caution about XRP’s ongoing price pattern. He emphasized the importance of timely confirmation for the bullish flag.
“Half-mast flags should resolve within six weeks; otherwise, they should be treated with skepticism,” Brandt warned. He added, “If XRP fails to confirm this pattern soon, it may transform into something less predictable.”
If XRP confirms the bullish flag, analysts believe its market cap could approach $500 billion, solidifying its position as a leading cryptocurrency.
Broader Adoption and Recognition
In another significant development, asset manager Grayscale and data platform Artemis have included XRP among their recognized assets. The list already features Bitcoin (BTC) and Litecoin (LTC).
XRP’s unique attributes—hard-capped supply, censorship resistance, and broad adoption—were highlighted in a recent report. These qualities strengthen its appeal as an asset for exchange, value storage, and peer-to-peer transactions.
Conclusion: XRP Eyes a Breakout
XRP’s bullish momentum, fueled by strong technical indicators and broader adoption, suggests significant potential for growth. While analysts remain divided on the short-term outlook, the coin’s long-term prospects appear promising, making it a focal point for investors.