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\n\t\t\t\t\t\t\t\t\tThe answers were not as bullish as the XRP Army might have hoped. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
What a time to be a part of the cryptocurrency markets. Unless, of course, you shorted the market on Wednesday. Then, you might have been caught on the wrong side.<\/p>\n
XRP was a no-show for weeks (and months). The token lost multiple key support zones on its painful way down and eventually slumped to $1.00. It even dipped below that level on a couple of occasions last week for the first time in 21 months.<\/p>\n
Then it all changed. On Wednesday afternoon bitcoin rallied<\/a> the altcoin troops and initiated a market-wide revival. Ripple\u2019s token was a little late to the party, but once it arrived, it blew the roof off this place by skyrocketing from $1.00 to $1.42 within a day or two, marking a multi-month high. The bulls kept going until Saturday morning, driving<\/a> the asset to $1.70 \u2013 or a 70% surge in days.<\/p>\n However, it was violently rejected there and is now back toward $1.40. As such, the question is whether the bear market has ended. After all, XRP is well in the green on a weekly and monthly scale.<\/p>\n First, we asked ChatGPT. It admitted that the move was \u201chuge\u201d and that it \u201cabsolutely changes the short-term picture.\u201d However, it cautioned investors that it doesn\u2019t necessarily mean the bear cycle has ended. In fact, it put the odds that the $0.98-$0.99 low was the bottom at just 55%, compared to 70% that BTC\u2019s $57.8K drop in early July was as low as the asset would go.<\/p>\n As such, ChatGPT noted that there\u2019s still a 45% probability that this was a relief rally inside a broader bear market.<\/p>\n \u201cThe reason is simple: $1.60-$1.70 is exactly where XRP starts confronting the long-term trend, not where it conclusively breaks it.\u201d<\/p>\n<\/blockquote>\n Grok outlined the bigger picture. Even with the brief surge to $1.70 (and subsequent retracement to $1.40-$1.45), XRP remains roughly 60% away from its July 2025 all-time high. It\u2019s also deep in the red on a YTD scale, even though this recovery is \u201cnot trivial.\u201d<\/p>\n The positive side of the coin suggests that large market participants, often referred to as whales, have returned to the XRP scene, purchasing<\/a> millions of tokens in the past week alone.<\/p>\n Gemini was also quite cautious when concluding whether XRP had turned the tables. However, it outlined a few major hurdles still in its path that remain far above and have to be overcome for a full reversal. The first is the 33-month EMA, which lies at around $1.60. XRP has challenged it unsuccessfully so far, and it has emerged as the first major obstacle on the path to full recovery.<\/p>\n On the plus side, XRP has seemingly reclaimed the 200-day EMA located at around $1.34. If it manages to close above it on the weekly scale, it could shift the narrative from bearish to bullish.<\/p>\n Consequently, Gemini\u2019s verdict, which was pretty similar to the ones from ChatGPT and Grok, is that the aforementioned rally proves that \u201cheavy demand still exists at key psychological levels.\u201d<\/p>\n \u201cHowever, until XRP can cleanly break and hold above the 200-day EMA and the $1.60 structural resistance, this move is technically classified as a \u2018relief rally\u2019 within a broader consolidation phase.\u201d<\/p>\n<\/blockquote>\nHas It? Has It?<\/h2>\n
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Technical Hurdles<\/h2>\n
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