XRP Price News: A 15% Rally Setup is Forming on Ripple Token Chart

XRP (XRP) is holding a key bear-market valuation floor while its short-term chart flashes a potential 15% rebound setup.

XRP Forms Inverse Head-and-Shoulders Pattern

XRP has started building a potential inverse head-and-shoulders pattern on the four-hour chart, raising its chances of a rebound toward the $1.30–$1.33 area.

The structure follows a sharp decline from the mid-May highs. XRP formed its left shoulder near $1.12–$1.13, dropped to a lower low near $1.04–$1.05 to form the head, and then recovered to build a right shoulder near $1.14–$1.15.

The neckline sits near $1.18–$1.19. A decisive four-hour close above that zone would confirm the reversal pattern and open the door to a measured move toward the $1.30–$1.33 range.

That target also aligns with XRP’s 200-period simple moving average on the four-hour chart, currently near $1.33. In other words, bulls need to clear the neckline first, then the 200-SMA becomes the next major upside magnet.

The 50-period SMA near $1.17 remains the immediate hurdle. XRP has started testing that area, but bulls still need a stronger close above $1.19 to show control.

Glassnode MVRV Bands Support the Rebound Case

Glassnode’s XRP MVRV pricing bands show why the current price area matters.

XRP is trading just above the 0.8x realized price band, the blue line on the chart. This band marks an extreme undervaluation zone. Historically, XRP’s MVRV has traded below this level during only a small share of trading days.

In previous bear-market phases, XRP often broke below the blue band before forming deeper cycle bottoms. This happened during the 2015–2017 accumulation phase, the 2019–2020 bear market, and parts of the 2022–2023 decline.

So far, XRP has avoided a decisive breakdown below that level. As long as it holds above the blue band, the token can attempt a rebound toward the 1.0x realized price band, shown in green.

That green band sits close to the inverse head-and-shoulders target near $1.30–$1.33. This creates a clear technical and on-chain confluence.

XRP Rising Wedge Keeps Bulls on Alert

The bullish setup has one major caution: XRP also trades inside a rising wedge on the same four-hour chart.

A rising wedge forms when the price climbs between two rising trendlines while the range narrows. It often signals weakening upside momentum after a rebound. XRP has rallied from around $1.05 to the $1.18 area, but the move has started compressing near resistance.

That makes the $1.18–$1.19 zone even more important. A breakout above it would weaken the wedge risk and favor the inverse head-and-shoulders setup.

But a rejection there, followed by a drop below the wedge’s lower trendline near $1.14–$1.15, could trigger a pullback toward $1.08–$1.09.

A deeper decline below the blue MVRV band would create a bigger problem for bulls. History shows that XRP often extends its bear-market losses after losing that extreme-low valuation band.

For now, XRP sits at a decision point. A breakout above $1.19 can send the token toward $1.33. A breakdown below $1.14 can delay that rebound and put the bear-market floor back under pressure.