XRP is showing signs of a potential bullish trend reversal, with two distinct technical patterns emerging on its charts. According to analysis from Coin Edition and EGRAG CRYPTO, the token is forming both an Adam and Eve base on the daily chart and a multi-cycle triple bottom formation on the macro chart, suggesting that selling pressure may be nearing exhaustion.
The Adam and Eve pattern, a classic bullish reversal structure, has been developing on the daily chart since early February. The formation is maturing with higher lows, and XRP has already broken above a descending resistance line that had capped its price for weeks. Analysts note that a confirmed breakout above the critical $1.50 resistance level and the 50-day EMA could propel XRP toward a target range of $1.70 to $1.80.
Simultaneously, a broader macro analysis highlights a rare multi-cycle triple bottom formation. This pattern suggests XRP is approaching the final phase of a long-term corrective structure, specifically the completion of a wave C decline. A key support confluence zone is identified around the $0.91 level, supported by the 0.618 Fibonacci retracement and previous structural demand, which could act as a final bottom before a bullish expansion.
For a confirmed structural shift to a bullish macro phase, analysts point to the $1.65 level as a critical threshold. A strong and sustained weekly close above this level would break the ongoing descending corrective structure and signal the triple bottom formation is nearing completion, opening the path for a new expansion phase targeting higher Fibonacci extension levels.
