XRP Pullback Seen as Setup for Quick Recovery; $3.30 Break Would Signal Upside

In my recent post, I pointed out that XRP finished the session on a bearish note after XRPBTC weakened, a move coinciding with an uptick in Bitcoin Dominance (BTC.D). Despite this pullback, I expect XRP to mount a quick recovery rally and present a near-term trading opportunity.

I noted that both the daily XRP and XRPBTC charts closed bearish on Monday, driven in part by Bitcoin’s relative strength. For XRP to re-establish bullish momentum, XRPBTC needs to flip positive — a shift I believe is likely to occur soon. When that alignment happens, XRP’s trajectory will largely reflect the combined influence of Bitcoin and XRPBTC.

Even with the current daily pullback, I consider the recent large bullish weekly close a significant underlying signal. Short-term dips are, in my view, a normal part of the broader uptrend and often set up the next leg higher. That’s why I remain optimistic about a rapid reversal in the near term.

I plan to watch intraday chart formations closely tomorrow to hunt for a scalp entry. If XRP can clear the $3.30 daily resistance, I expect a swift move toward $3.65. Surpassing that level could open the path to a new all-time high and extend XRP’s bullish narrative.