{"id":18946,"date":"2025-03-25T11:31:53","date_gmt":"2025-03-25T11:31:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18946"},"modified":"2025-03-25T11:31:53","modified_gmt":"2025-03-25T11:31:53","slug":"indicators-show-xrps-bull-run-may-be-finished-3-is-the-level-for-bulls-to-beat-technical-analysis","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18946","title":{"rendered":"Indicators Show XRP’s Bull Run May Be Finished; $3 is the Level For Bulls to Beat: Technical Analysis"},"content":{"rendered":"
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“You’re not bullish enough!” an XRP enthusiast<\/a> exclaimed on X last week after Ripple, which utilizes the token for cross-border transactions, announced<\/a> that the U.S. Securities and Exchange Commission has dropped its case against them.<\/p>\n

Many others share this excitement, and understandably so, as the conclusion of this long-standing legal battle has lifted a weight that hindered XRP’s performance compared to the broader market during the 2021 bull run. Plus, there is XRP ETF hype and hopes that the token could become a part of the U.S. strategic reserve.<\/p>\n

That said, the recent price action does not reflect the above optimism, with key momentum indicators flashing a major bearish shift in trend, warning of a notable price slide ahead.<\/p>\n

XRP surged over 11% to $2.59 last Wednesday, cheering the SEC news. Since then, the follow through has been anything but bullish with prices rangebound between $2.30-$2.50, despite optimism<\/a> that expected reciprocal trade tariffs from President Donald Trump on April 2 could be more measured than initially expected. <\/p>\n

Three-line break chart<\/p>\n

The first indicator signaling bearish trend reversal is the three-line break chart, which focuses only on price movements while filtering out short-term noise, helping identify trend changes as suggested by the market and not arbitrary\/discretionary trading rules.<\/p>\n

The chart consists of vertical blocks called lines or bars (green and red). A bull reversal happens when a green bar occurs with prices moving higher than the highest point of the last three red bars. On the contrary, a bearish shift is represented by the emergence of a new red bar that goes beyond the lowest point of the previous three green bars.<\/p>\n

In XRP’s case, a new red bar occurred early this month in the weekly time frame and has held intact following the SEC news. The “weekly” aspect means this chart aggregates price information over a week.<\/p>\n

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The new red bar indicates a bullish-to-bearish shift in momentum. Similar patterns characterized the beginnings of prolonged bear markets in 2021 and early 2018.<\/p>\n

MACD<\/p>\n

The moving average convergence divergence (MACD) histogram, used to gauge trend strength and trend changes, is producing deeper bars below the zero line on the weekly chart. It’s a sign of the strengthening of the downside momentum.<\/p>\n

The same indicator flipped positive in November, after which prices surged from $1 to above $3.<\/p>\n

The 5- and 10-week simple moving averages (SMAs) have crossed bearish as well, suggesting the path of least resistance is to the downside.<\/p>\n

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Bollinger Bands<\/p>\n

The Bollinger bands \u2013 volatility bands placed two standard deviations above and below XRP’s 20-week SMA \u2013 have widened in response to the sharp price rally in late 2024 and early this year.<\/p>\n

Historically, prices have tended to move lower following the sharp widening of the Bollinger bands, as observed after mid-2021 and early 2018.<\/p>\n

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When bullish?<\/p>\n

A firm move of $3, the high registered on March 2, would invalidate the bearish setup, negating the lower highs pattern to suggest a renewed bullish technical outlook.<\/p>\n

Some analysts expect XRP to reach as high as $10<\/a> by the end of this decade.<\/p>\n

\"\"<\/div>\n","protected":false},"excerpt":{"rendered":"

“You’re not bullish enough!” an XRP enthusiast exclaimed on X last week after Ripple, which utilizes the token for cross-border transactions, announced that the U.S. Securities and Exchange Commission has dropped its case against them. Many others share this excitement, and understandably so, as the conclusion of this long-standing legal battle has lifted a weight […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18946","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18946"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18946\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}