XRP Gears Up for a Bullish Reversal After Seven-Wave Dip

According to renowned financial trader Matthew Dixon, XRP may be nearing the end of its current downtrend and preparing for a bullish reversal.

Dixon that XRP has completed seven downward waves, a structure often interpreted in technical analysis as a corrective phase. This formation, he explained, typically precedes a fresh upward movement, suggesting that XRPs bearish cycle could soon give way to renewed strength.

The financial trader explained that the seven-wave correction from overhead resistance is a classic setup, once this structure completes, the odds of a rebound or even a rally rise sharply.

His analysis aligns with , which uses wave patterns to predict market reversals driven by investor psychology and cyclical trends.

Therefore, XRPs market structure remains solid above the , signaling that bullish momentum could soon return if this level holds. Historically, similar multi-wave corrections have preceded strong rebounds once selling pressure fades.

Is XRP Forming a Base After Reclaiming $2.30？

After enduring seven consecutive corrective waves, XRP has recently shown signs of stabilization, reclaiming the $2.30 mark, a level that could prove pivotal for its next move.

According to market commentator Z988 Crypto, XRP might be , setting the stage for a potential rally-base-rally pattern, a classic setup signaling renewed bullish momentum after a consolidation phase.

Z988 Crypto suggests that this pattern, if confirmed, could mark the transition from correction to accumulation, a necessary precursor to any sustainable uptrend.

“The overall outlook still leans bullish,” the analyst noted, emphasizing that continues to hold higher lows, a subtle yet crucial indicator of strengthening market sentiment.

Despite short-term volatility, investor sentiment toward XRP remains upbeat, driven by growing adoption prospects and the markets shift toward utility-focused assets. With liquidity building and a stronger base forming, XRP could be gearing up for a decisive breakout in the weeks ahead.

While XRPs short-term path may include another retracement, the broader technical setup suggests an emerging bullish structure.

If the asset can maintain support above $2.30 and reclaim momentum indicators, the stage could be set for a rally-base-rally continuation pattern, signaling renewed strength and possibly the beginning of XRPs next major upswing.