Key Points
XRP (XRP) could potentially reverse its downtrend this week, as the token is retesting a key level at $1.40 this morning ahead of the beginning of the American session.
The rally started during President Donald Trump’s State of the Union speech, and our proprietary crypto trading signals system quickly caught the move.
We got a first buy signal hours before the President’s live event, while a second “buy” showed up in the hourly chart at 8:00PM Eastern Time.
This second “decisional” candle pushed XRP to $1.40.
Although the selling pressure quickly mounted during the next few hours, the Asian session is breaking past this mark already.
This could mark a major shift in the market’s structure and could confirm a trend reversal at a point when contrarian signals are piling up.
Signals Turn Neutral as Bitcoin Breaks Past Key Resistance at $66,000
Earlier today, we updated our dashboard for Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and Dogecoin (DOGE), with the latest signals across the four time frames the system tracks.
This is the first time in weeks that the current outlook for these four tokens has turned neutral. Although it is still too early to call a “bottom”, sentiment remains extremely depressed as indicated by the Crypto Fear and Greed Index.
At 11, investors are still panicking over the latest retreat in crypto prices. However, extremely low readings have often marked the end of previous bearish cycles, increasing the odds that we could be nearing a bottom.
Was President Trump’s speech the definitive “bottom” signal?
XRP Price Prediction: Next Stop $1.55 If Rally Continues
If today’s rally keeps going, the next target for XRP could be set at $1.55. This creates an interesting opportunity for a long position at $1.40 with a stop price set at $1.36.
This trade would offer an attractive 3.2x risk-reward ratio. A first take-profit target could also be set at $1.45, which is the next resistance that XRP needs to overcome to stay on track toward $1.55.
The Relative Strength Index (RSI) in this lower time frame is already hitting overbought territory, which is a clear indication that positive momentum is building up.
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