XRP rose more than 9% in the past 24 hours after breaking a months-long downtrend, recovering key technical levels and reigniting bullish momentum among the major altcoins.
Summary
- The rally marks XRP’s first decisive trend reversal since its peak of $3.40 in August.
- Buyers pushed the token back above multiple moving averages, confirming a potential double bottom formation near $1.80.
- Similar breakout setups are popping up in Cardano and Solana, indicating broader risk appetite is returning to large-cap altcoins after weeks of consolidation.
XRP regained critical support at $1.80 before surging through its 20-day ($1.97) and 50-day ($2.05) exponential moving averages, and is now testing resistance at the 100-day EMA near $2.22.
The Supertrend indicator has turned bullish at $1.87, moving from resistance to dynamic support – a notable momentum change after months of sideways price action.
The rising volume and sharp movement indicate strong buyer conviction rather than a short-lived rebound.
A break above the 200-day EMA at $2.35 would bring $2.60-$2.70 into focus, with a larger upside path towards $3.00 and the descending resistance zone between $3.20 and $3.40.
The downside is that bulls have to defend $2.05 and $1.96; a loss of $1.80 would negate the bullish structure.
Cardano
Cardano (ADA) is also showing reversal signals and is up almost 5% after breaking out of a falling wedge that had compressed price action since October.
ADA recovered from the late December low near $0.35 and is now testing its 20-day EMA at $0.38, supported by rising volume and a bullish SAR flip at $0.34.
The pattern predicts a move towards $0.50-$0.52, with resistance at $0.42 and $0.45-$0.47.
Solana
Solana (SOL) joined this move with a 3.6% gain, trading around $138, after reclaiming its 20-day EMA and defending the $120-$122 support zone multiple times in December.
A confirmed double bottom and heavy accumulation between $120 and $140 indicate institutional interest, although SOL faces near-term resistance at $140-$145.
Clearing that zone opens the door to $150 and $162, while a failure risks a pullback to $128.
Together, the synchronized breakouts indicate a broader shift in market structure – one in which altcoins are emerging from long-term corrective phases.
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