XRP (XRP) is attempting a rounded-bottom reversal on the four-hour chart, with bulls trying to turn late-June accumulation into a breakout toward a key technical resistance area.
XRP Rounded Bottom Points to $1.15 Retest
The XRP/USDT four-hour chart shows price recovering from a late-June base near $1.01 after several failed breakdown attempts below the $1.04–$1.06 area.
The structure resembles a rounded bottom, a gradual reversal pattern that forms when selling pressure fades, price stabilizes, and buyers begin stepping in at progressively higher levels.
XRP has now reclaimed its 20-4H EMA (green) and is testing the 50-4H EMA (blue) near $1.07. Holding above these short-term exponential moving averages would strengthen the view that the accumulation phase is ending.
The next major upside target sits near the 200-4H EMA around $1.14–$1.15, which also aligns with the chart’s projected breakout arrow.
XRP’s relative strength index (RSI) has climbed to about 64, showing improving buying pressure without yet flashing extreme overbought conditions. Volume also expanded during the latest push, suggesting fresh demand behind the move.
A clean four-hour close above $1.10 would confirm follow-through toward $1.15. Failure to hold $1.07, however, would weaken the setup and risk another pullback toward the $1.04 rounded-base support.
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XRP’s rally has also tracked an improvement in broader macro signals, with traders rotating back into risk assets as pressure from the US dollar and Treasury yields eases.
A softer dollar typically supports crypto because it improves global liquidity conditions and makes dollar-priced assets more attractive.
At the same time, expectations of future Federal Reserve rate cuts have helped revive appetite for speculative assets. Lower rate expectations reduce the appeal of cash and bonds, pushing traders toward higher-beta markets such as crypto.
That macro tailwind has allowed XRP’s rounded-bottom setup to gain traction. As long as risk sentiment remains firm, the token could extend its rebound toward the 200-4H EMA near $1.15.
