XRP Forms Hammer Reversal Pattern After Heavy Selling Pressure Tests Support

2026-01-29 19:36:29

⬤ XRP’s price showed signs it might be catching its breath after getting knocked around by sellers. The latest candle formed what traders call a hammer pattern near the bottom of its recent trading range. Sellers tried pushing price lower aggressively, but buyers showed up to absorb that pressure and stopped the breakdown from gaining steam. The chart shows XRP holding near a rising long-term support trendline—a spot where demand has consistently popped up during pullbacks.

⬤ The chart reveals how XRP got pushed below a key horizontal level briefly before buyers stepped in hard, closing the candle back above that zone and leaving a long tail underneath. That kind of price action shows real buying interest when sellers tried to overwhelm the market. You can spot similar reactions earlier on the chart where comparable hammer-style candles showed up before price either recovered or consolidated. One candle doesn’t confirm anything on its own, but the behavior suggests sellers are losing their grip at this particular level.

⬤ Looking at the bigger picture, XRP is still trading above an ascending trendline that’s been guiding price through multiple market cycles. The recent bounce matches previous moments where price dipped below briefly before buyers reclaimed control. This type of setup typically appears near short-term bottoms, assuming follow-through buying actually materializes. But confirmation really depends on the next few candles closing higher rather than getting rejected immediately.

⬤ What makes this matter for the broader market is it helps map out short-term risk after some wild volatility. If buyers keep defending this zone, XRP could stabilize or push for a bounce within its larger structure. If they can’t hold it though, downside risk opens back up and challenges whether that hammer signal means anything. Right now, the chart shows buyers actively engaging at support—a pause in the selling pressure that sets up the market to show its hand on the next move.

XRP-6,01%

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