XRP and HBAR prices have experienced significant corrections recently. An unexpected event could spark a trend reversal for these altcoins. Let's delve into the technical analysis to uncover what lies ahead.
The cryptocurrency market experienced a sudden rebound in the past few hours, following the unexpected announcement of a 90-day tariff pause by President Trump. This unforeseen measure triggered a strong recovery in prices after the brutal crash of “Black Monday.” Bitcoin (BTC) surged by 6%, while Ethereum (ETH) climbed over 10%, bringing a wave of green across the market.
Among the top-performing altcoins, XRP and Hedera (HBAR) are taking the lead with impressive gains of 11%. What’s particularly interesting is that these rebounds come right after these two tokens bounced back on crucial long-term support levels.
A detailed analysis of the charts reveals that XRP and HBAR had experienced strong rallies in late 2024 before entering a marked correction phase. This correction formed what is called a “broadening top,” a structure that typically indicates increasing volatility and market indecision, often followed by major directional movements.
After forming multiple highs and lows within this extended pattern, both tokens revisited their lower support lines during the massive sell-off on “Black Monday.” XRP found strong support around $1.61, while HBAR dropped to $0.1249.
Interestingly, both assets showed strong bullish reactions from these levels, with XRP now trading around $2.01 and HBAR rebounding to $0.17.
The price action so far suggests that if XRP and HBAR continue to adhere to this pattern, a bullish reversal may be on the horizon. A move above their next resistance levels, aligned with the 50 and 100-day moving averages, would likely confirm a more sustainable bullish trend.
For XRP, reclaiming the $2.30 – $2.50 zone will be crucial, while HBAR must break through the $0.23 – $0.25 zone to strengthen the bullish scenario.
While the momentum is building, confirmation is still needed. If XRP and HBAR manage to break through their moving average resistances with solid volume, this could mark the start of a new bullish trend for these two altcoins.
As the market cautiously turns optimistic again, these two cryptos are now among the top values to watch for potential breakout moves in the days ahead.
Here is a clear guide to buy XRP and HBAR on Bitget now:
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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