XRPUSD has shown signs of a bullish reversal after forming a
Double Bottom at an intraday support level. A bullish engulfing candle at the
second bounce, followed by a breakout above the Double Bottom’s resistance,
suggests the cryptocurrency may continue its upward momentum in the near term.
Analysts note that XRP could be positioned for further
gains, citing key support levels and potential market catalysts. Technical
patterns, historical four-year cycles, and the potential approval of an XRP ETF
are highlighted as factors that may shape both short- and long-term price
movements.
Potential XRP Upswing Amid Key Support Hold
Crypto analyst CoinsKid shared a technical analysis on
YouTube, focusing on XRP and Bitcoin. He highlighted a potential parabolic
growth curve forming in certain altcoins, suggesting significant upward
movement could follow if the trend continues. CoinsKid noted XRP’s recent gains
while holding key support levels and cautioned that a correction could occur
before another upward leg.
“For XRP, if it can hold the medium range and we don’t
fall below this key level support, XRP is gearing up for another run
here,” he noted.
You may find it interesting at FinanceMagnates.com: Bitcoin
Faces Drop; This Analyst Flags “Three Bars Down” Pattern for BTC Traders.
For Bitcoin, CoinsKid identified both bullish and bearish
patterns on short- and medium-term charts. He pointed to technical indicators,
including wedges, RSI, and support-resistance levels, as tools to anticipate
potential market moves, noting that corrections could present buying
opportunities for traders.
Hey CKCNew #xrp video out, have a great day! https://t.co/mWfUvC8Cbn
— CoinsKid (@Coins_Kid) September 4, 2025
Analysts Project Mixed Short- and Long-Term XRP Targets
A cryptocurrency analyst on the YouTube channel YourPOP
highlighted potential market gains for October 2025, citing historical
four-year cycles. Despite a recent 5% weekly drop, XRP remains up around 400%
year-to-date. The analyst noted the possible approval of an XRP ETF as a key
factor, with betting markets indicating an 87% chance in October.
Oscar
Ramos observed that XRP holders have remained resilient, with the asset
trading near $2.70. Historical trends show weaker performance in September and
stronger performance in October and November, with $2.70 noted as a potential
buying level.
Discover Crypto noted that larger XRP
allocations may have limited returns unless prices reach extreme levels,
and technical indicators such as tightening Bollinger Bands in the XRP/BTC pair
suggest potential for notable movement.
Analysts have provided varying projections: CoinsKid sees
short-term support at $2.66 and a minimum upside of $4.13; Cilinix
Crypto targets $3.07–$3.13 near-term, with $3.30 as longer-term resistance;
DeepSeek AI expects $3.50–$5.00 by late 2025 and $8–$15 by 2030. Forecasts from
James
Crypto Space and Zack Rector suggest ranges up to $9 and $5–$15,
respectively, all dependent on market conditions, regulations, and adoption
trends.
This article was written by Tareq Sikder at www.financemagnates.com.
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