XRP Eyes Potential Bottom as 13‑Month Cycle Aligns with Weekly EMA

13‑Month Cycle Signals a Possible Bottom

XRP is testing a key technical level after a sharp August rebound, with analysts watching if the price can hold above recent lows. A 13‑month cycle identified by a TradingView analyst points to a possible bottom and a subsequent rally beyond $1.54.

The 13‑month cycle, highlighted by analyst Factual, tracks XRP’s price troughs and peaks. Recent data shows the asset formed a bearish swing low in early 2024, aligning with the cycle’s projected trough. The weekly exponential moving average sits near $1.54, suggesting upward momentum if the price sustains above this level. Traders watch volume spikes that could confirm a breakout if buying pressure builds, pushing the price above $1.54.

The analyst notes that past cycles show a low often precedes a multi‑month uptrend. A sustained close above the weekly EMA would target $2.00 before the end of the year. If XRP holds above the weekly EMA, the next target could be $2.00 by year‑end.

Can XRP Break Above $1.54 This Week?

The weekly EMA at $1.54 acts as a make‑or‑break level for short‑term traders. A breakout would confirm the cycle’s bullish turn and could attract fresh buying interest. Resistance near $1.70 may test the rally’s strength. A decisive close above $1.60 could trigger a short‑term rally toward $1.80.

Should XRP sustain the $1.54 level, a gradual rise toward $2.00 could re‑ignite investor confidence and trigger broader market interest. Conversely, a failure to hold may see the price revisit $1.30, delaying the anticipated recovery and prompting traders to reassess their positions.

Frequently Asked Questions

What does the 13‑month cycle indicate for XRP’s price trajectory? The 13‑month cycle tracks historical lows and peaks, and the current trough matches earlier cycle bottoms. This suggests a rebound is likely if price holds above key support. Analysts expect the next move to be upward toward $2.00.

How crucial is the weekly EMA at $1.54 for XRP’s short‑term outlook? The weekly EMA at $1.54 acts as a dynamic support level. Staying above it indicates continued buying interest, while a breach may lead to sideways movement or decline. Traders watch for a close above $1.60 as a confirmation signal.

If XRP falls below $1.54, what support levels are likely next? If XRP falls below $1.54, the next support could be near $1.30. A further decline might test $1.10 as the cycle’s previous low zone. Maintaining the $1.54 level is crucial for the bullish outlook.