Ripple Breaking Out or Breaking Down? The Catch Behind XRP’s Latest Technical Shift
60 every time. Now, though, Ali Martinez claimed that XRP’s breakout has been confirmed. However, it’s not what the bulls expect and hope for.
Breakout Confirmed? 55. Analysts were once again convinced that its run had begun, but the reality was different.
40 within hours. It nosedived once again on Friday and Saturday, alongside the rest of the market, amid rising fears that the ceasefire between the US and Iran might end soon with new attacks. 30 for the first time since early April, marking a multi-week low, while the overall network usage showed a substantial decline.
Ali Martinez’s new post on the token’s price performance came during this crash, saying “XRP is breaking out” as the token had breached the rising trend line of a symmetrical triangle on the daily chart. 14. However, the peace deal progress between the US and Iran pushed the entire market north in the following hours.
36. Nevertheless, it still trades below the lower boundary of the symmetrical triangle outlined by Martinez. They Disagree CRYPTOWZRD posted a different perspective on XRP’s price moves, indicating that it had actually closed bullish on the daily chart.
40 resistance before there’s a chance for a more profound rally. Fellow analyst CW brought up a chart demonstrating that the top traders on Binance have started to close their short XRP positions and replace them with longs. ” The long position ratio is increasing as Binance top traders holding shorts on $XRP close their positions.
Whales are ending their $XRP bearish bets. com/HnlGtzhlYR — CW (@CW8900) May 23, 2026 The post Ripple Breaking Out or Breaking Down? The Catch Behind XRP’s Latest Technical Shift appeared first on CryptoPotato .
