- XRP’s Super Trend Indicator turned bullish, historically linked to massive price increases.
- Key figures and stock market activity indicated growing bullish momentum.
The Super Trend Indicator on Ripple’s [XRP] The 12-hour chart has turned bullish again, as reported by Ali, a renowned analyst at X (formerly Twitter).
This is important because XRP experienced a 470% increase in value the last time it happened. The indicator, which market participants rely on to identify prevailing market trends, now aligns with the bullish narrative for the altcoin.
This signal comes at a time when the price of XRP recently bounced off a bullish pennant resistance, a pattern often associated with sustained upward price movements.
Source:
The net flow and activity increases of Altcoin exchanges
On-chain data from Coinglass further strengthens XRP’s bullish outlook. Over the past two months, altcoin net inflows to exchanges have increased significantly, reaching some of the highest levels this year. This trend indicates increased investor activity, indicating preparations for significant market moves.
XRP activity is in line with this trend and is attracting a lot of attention. Historically, such increases in net flows correlate with increased trading volumes, which could soon fuel price momentum.
Source: Coinglass
XRP liquidation pool in pictures
Coinglass reports a significant XRP liquidation pool of $2.47, valued at 2.87 million. This price level could act like a magnet, pushing XRP prices closer to this threshold. Large liquidation pools often attract market movements because they represent areas where leveraged positions can be activated.
Combining this data with the bullish Super Trend flip paints a promising picture. However, caution remains necessary as market dynamics can change quickly.
Source: Coinglass
Could XRP Rise Again?
The convergence of technical indicators, on-chain metrics, and bullish market patterns indicate that XRP may be gearing up for a rally. Breaking through key resistance levels could pave the way for continued upside momentum during this anticipated altcoin season.
Read Ripple [XRP] Price prediction 2025-2026
Currently, the altcoin has managed to break out of the bullish pennant consolidation phase.
Technically, a rally is expected to test higher highs if the current bullish pennant resistance, which is now acting as support, holds.
Trading view
Credit : ambcrypto.com
