A new technical analysis reveals that the XRP price has just confirmed a bullish reversal set-up on the 1-hour chart, following a strong rebound from a critical demand zone. This development has raised expectations of a potential short-term rally, as a crypto analyst forecasts higher targets in the coming sessions. XRP Price Bullish Reversal In Sight ‘FrankFx14,’ a pseudonymous TradingView crypto analyst, has revealed that the XRP price has found solid footing between the $2.31246 and $2.37028 support area. The analyst also identified this range as a historically significant demand zone where previous buying pressure has consistently reversed price declines. Related Reading: XRP Price Explosion To $5.9: Current Consolidation Won’t Stop XRP From Growing As XRP’s price dipped into this demand zone on May 17, bulls stepped in, defending the lower boundary and triggering a sharp rejection. According to the analyst, the confirmation came with a bullish engulfing candle — a widely recognized signal for a potential trend reversal. Trading at approximately $2.378 at the time of the chart analysis, XRP is now holding the top of this key demand zone, i ..
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