Market analyst ChartNerd has highlighted a significant technical development for XRP, indicating the cryptocurrency may be approaching a pivotal turning point not seen in years. According to ChartNerd, the so-called “Bull Switch”—a rare chart pattern—is once again forming. If its central feature, the Gaussian retest, completes successfully, it could signal the beginning of a new bullish phase for XRP.
XRP volume jumps 7x as rare bull switch emerges
Spotlight returns to rare bull switch pattern
This “Bull Switch” formation, which has appeared on XRP charts only three times over the past 13 years, previously signaled major price rallies. The pattern was identified before the peaks of the 2017 and 2021 cycles, as well as preceding a key surge in 2025. The reappearance of this rare signal is now prompting renewed focus among traders and analysts on the potential impact of this technical setup.
Its infrequent occurrence and historical link to XRP’s strongest rallies have investors tracking the formation closely. Analysts suggest that a confirmed retest should not be viewed with caution, but rather as the possible start of a significant breakout.
ChartNerd explains that if the pattern works as expected, XRP’s technical structure could spark a phase of meaningful acceleration. Before any sharp price jump, it is likely the market will experience a brief period of sideways movement.
Price range and critical resistance zone
Currently, XRP trades within a tight range. According to CoinCodex, it is priced at $1.39, with the $1.40–$1.46 band representing a crucial resistance zone. This price region is the battleground for short-term sellers and accumulating buyers alike.
Following recent liquidity sweeps, this zone now serves as the focal point for consolidation. Holding above this level is being seen by many traders as a positive signal for any potential upward move.
Trading volume surge and buyer momentum
Another indicator fueling the bullish outlook is the extraordinary spike in trading activity on the Bitrue exchange. In the past 24 hours, XRP’s trading volume has surged sevenfold. This increase comes alongside a notable rise in buy orders and a steep drop in selling pressure.
Even though XRP has yet to see a significant price jump, this spike in activity suggests growing accumulation in the background. With prior cycles showing similar technical setups, analysts are now looking at the $2 psychological threshold as a key point of interest.
Market watchers say that, if the pattern is confirmed, XRP could challenge the critical $2 level. Still, they caution that this should be seen as a longer-term objective and not an immediate expectation.
In short, XRP stands at a crucial juncture. Whether it breaks out of its current narrow trading band will indicate whether the market is simply consolidating or gearing up for a more substantial structural shift.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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