In a recent update on X, market analyst Cryptowzrd highlights double bottom formation during development of the XRPBTC chart, suggesting that a fierce inversion may be ongoing. XRP ended the previous session with an indecisive move, but this new pattern could increase price action. If an inversion is seen, the XRP could push towards the $2.80 resistance zone.
Bitcoin dominance pressure Altcoins, XRP included
In expanding his initial analysis, analysts noted that XRP and XRPBTC have indecisively closed their daily candles, reflecting on the ongoing market uncertainty and lack of action in a strong direction. Although the XRPBTC is currently held above the formation of a critical double bottom, analysts stressed that the pair still looks relatively weak and requires more stable and constructive price action to confirm bullish breakouts. A strong reaction from this level can serve as a catalyst, helping XRP gain momentum from its current position on the chart.
He also noted that Bitcoin’s advantage continues to put pressure on altcoins, including XRP, causing performance degradation in the BTC pair. As Bitcoin dominance approaches a major level of resistance, analysts anticipate a reversal that could potentially bring capital flows back to altcoins. Such a reversal provides a favorable environment and supports the broader bullish continuation of XRP.
Analysts said that if XRPBTC begins to show signs of recovery and buyers start intervening with stronger momentum, he will remain in the lower time frame throughout the next trading session if he stays in the lower time frame throughout the next trading session.
Waiting for confirmation: No entries without clear movement
Conclusion of his analysis, analysts provided a short-term price measure outlook. Despite his indecisiveness, he predicts a potential rise continues if the price exceeds the $2.4650 resistance level.
Conversely, he identified $2.3160 as an important level of intrinsic support. Here, buyers may step in if the market is pulled back. It’s important to watch this zone. This is because the failures below could slow the immediate bullish momentum and show further integration. Price actions between these two levels could define the short-term direction of XRP.
He emphasized that patience is important at this stage, urging traders to wait for clear and healthy moves before considering new entries. With market conditions still uncertain, analysts plan to focus on sophisticated setups and mature formations to ensure higher probability of trading in upcoming sessions.
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