XRP may be preparing for a major move as a bullish Gartley pattern forms near the $1.30 level. This pattern often signals a potential trend reversal and suggests the price could rise if support holds.
The cryptocurrency has been trading between resistance near $1.80 and strong support around $1.20 for months. Instead of moving sharply up or down, XRP has stayed inside this range while building a technical structure.
Analysts say the current pattern shows XRP reacting strongly at key Fibonacci levels. These reactions are important signs that buyers are defending support and preparing for a possible upward move.
The most important level right now is $1.20. As long as XRP stays above this support, the bullish pattern remains valid. A drop below this level would weaken the recovery outlook.
If the Gartley pattern completes fully, XRP could see a rally of up to 60% from current levels. This could push the price back toward the $1.80 resistance zone or higher.
The pattern develops in several stages, and XRP appears to be nearing the final phase. This stage often leads to stronger buying pressure and a clearer price direction.
For now, traders are watching closely to see if XRP can hold its support and build higher lows. If it does, it could confirm that a bullish bottom is forming.
XRP remains in a key decision zone, with its next move likely to shape the market trend in the coming weeks.
