- XRP reclaimed $1.28 as buyers recovered key support levels.
- Analyst BATMAN says accumulation and manipulation phases are completed.
- MACD and RSI signals suggest momentum may continue strengthening.
XRP’s return to the $1.28 level has prompted several market analysts to argue that the asset’s latest advance could represent more than a routine recovery bounce, as a combination of improving technical indicators and changing market structure suggests that bullish momentum may be gradually returning to the market.
The digital asset spent nearly two weeks attempting to recover from a decline that pushed it below several important support levels, yet buyers steadily regained control and helped XRP reclaim the $1.14 and $1.18 price zones before extending the rally to $1.28 on its strongest trading volume since the early-June selloff.
According to analyst BATMAN on X, XRP may have already completed both its accumulation and manipulation phases, which could signal the beginning of a new stage in the asset’s broader market cycle. The analyst shared a chart outlining three distinct phases, including accumulation, manipulation, and a projected distribution phase that could develop if current momentum continues to strengthen.
During the accumulation period, which stretched from late February through late May, XRP traded largely between $1.30 and $1.50 as buyers and sellers established positions within a relatively stable range while the market searched for direction. However, conditions changed in early June when XRP fell below the lower boundary of that range and declined toward the $1.10 level, creating uncertainty among traders about the asset’s near-term outlook.
According to BATMAN, that decline represented a manipulation phase rather than the beginning of a sustained bearish trend, as buyers quickly returned once XRP approached lower support levels and subsequently helped drive the asset back toward its previous trading range.
Also Read: CryptoQuant Analyst Flags 2,373 BTC Move From Long-Inactive Whale
Technical Indicators Point to Improving Momentum
In addition to the recovery in price, several technical indicators are beginning to support the bullish case outlined by analysts. The Moving Average Convergence Divergence indicator recently produced a bullish crossover, with the MACD line moving above the signal line while the histogram entered positive territory, a development that often suggests weakening bearish momentum and increasing buyer participation.
Meanwhile, analyst JD highlighted a potentially significant setup on the XRP/BTC trading pair, noting that the Relative Strength Index and moving averages are approaching a bullish crossover that resembles conditions observed before XRP’s major rally in 2017. While JD acknowledged that XRP’s current market capitalization makes a repeat of the historic 500-fold surge highly unlikely, he stated that a confirmed crossover could still support gains ranging between five and eight times current levels.
Despite these developments, XRP still faces a critical test at the $1.30 level, which previously served as support during the accumulation phase but now acts as a major resistance zone. A decisive daily close above that level would place XRP back inside its former trading structure and strengthen analysts’ view that the latest move represents the early stages of a broader recovery rather than a temporary rebound.
Also Read: Schiff Says Strategy’s Latest Bitcoin Purchase Reduced Value Per Share
