Why Analysts Claim XRP Price is Bullish, Not Bearish
The post Why Analysts Claim XRP Price is Bullish, Not Bearish appeared on BitcoinEthereumNews.com.
Despite recent volatility, prominent analysts argue XRP’s technical setup is not bearish yet. They highlight specific price levels crucial for confirming the trend.A technical evaluation of XRP’s recent 5-day chart adds context to these analyst views. Analysts Remain Cautiously Optimistic About XRP Price XRP prices dipped nearly 7% over the past week amid heightened geopolitical tensions, notably driven by US airstrikes on Iranian facilities. The altcoin fell from roughly $2.20 to a low near $1.90 before stabilizing around $2.06. Veteran trader Peter Brandt highlighted a potential Head-and-Shoulders (H&S) pattern on XRP’s chart. This is traditionally a bearish indicator that signals a reversal from bullish to bearish if key support levels break. However, Brandt emphasizes caution against premature bearish conclusions. He explicitly notes the importance of XRP maintaining support above $1.80. Treat the Apr 7 overshoot as an out-of-line movement and we have a possible H&S top in $XRPFor the sake of the uneducated trolls among you, this chart need NOT be interpreted as bearishPrice is at support right now I will review if price closes below 1.8xxxx pic.twitter.com/YlsqLi2SzN — Peter Brandt (@PeterLBrandt) June 23, 2025 A decisive weekly close below that critical level would be needed to confirm a bearish scenario. Meanwhile, analyst EGRAG CRYPTO provided a detailed bullish perspective using multiple technical indicators. The Gaussian Channel is a volatility indicator used to identify trend strength and potential reversals. Closing within this channel boundary, around $1.75 currently, could signal weakening momentum and possible downward pressure. EGRAG emphasizes the importance of XRP staying above this boundary to maintain bullish strength. Additionally, the 21-week EMA acts as a critical moving average that traders use to identify macro trends. A close above the EMA level of $2.33 would signify strong bullish momentum. Moreover, breaking above the resistance at $2.65 would confirm a robust…
