XRP strengthened on Tuesday, with the latest price at $1.43, a 3.8% increase for the day, and a cumulative rise of 4.2% over the past seven days. Against the backdrop of pressure on U.S. stocks and oil prices reaching a three-month high, this trend has drawn some traders' attention back to its short-term breakout potential.
Traders are watching for a close above $1.40.
Market analyst Ali Charts indicates that a descending triangle is forming on the XRP hourly chart. If the price can hold above 1.40 US dollars and close there, it may be considered a breakout confirmation, with the next target possibly at 1.46 US dollars.
From a short-term perspective, the area around $1.40 has become an important battleground for bulls and bears. If the price can continue to hold this level, market sentiment may improve further.
$1.48 has become another observation point.
Trader Bird believes that XRP is currently operating within a 'bull flag' pattern. If the price breaks through $1.48, it could lead to a new round of upward movement.
- Latest price: $1.43
- Intraday increase: 3.8%
- Seven-day increase: 4.2%
Regulatory expectations are also affecting sentiment.
In addition to technical aspects, some traders are also paying attention to policy-driven factors. Reports mention that Ripple CEO Brad Garlinghouse is still pushing for the CLARITY Act, with the hope of bringing a clearer regulatory environment to the crypto industry.
Although the progress of this bill is not the core of this article, the market generally believes that improved regulatory expectations will help to enhance risk appetite and provide emotional support for crypto assets such as XRP.
