4 data points suggest XRP price bottomed at $1.12: Are bulls ready to take over?

💡 DMK Insight

XRP’s recent price action around $1.47 raises questions about its potential trend reversal after hitting what some analysts believe is a generational bottom at $1.12. If this bottom holds, traders should watch for bullish momentum, particularly if XRP can maintain above the $1.40 level. A sustained move past this threshold could trigger a wave of buying, especially from retail investors looking to capitalize on perceived undervaluation. On the flip side, if XRP fails to hold above $1.40, it could signal a return to bearish sentiment, potentially dragging prices back toward the $1.12 support. Keep an eye on volume trends as well; increasing volume on upward moves would reinforce the bullish case, while declining volume could indicate a lack of conviction. As we approach the end of the month, any significant news or developments in the broader crypto market could also impact XRP’s trajectory, so stay alert for announcements that might influence market sentiment.