📈 Technical Breakdown:
Support held strong around the $1.61–$1.76 zone (noted as the "20hr LOW")
We’ve now got strong bullish candles showing momentum and recovery
Current price is hovering around $2.15, approaching the next liquidity zone
If momentum holds, price is likely to test the previous local high of $3.02+
On the higher timeframes, the structure supports a gradual lift-off back into the $3.40 zone, which is near XRP's yearly ATH
📊 Market Behavior:
We’re seeing a classic cup-and-handle-style formation on the larger timeframes
XRP has done this before — slow grind up, fast move into the next retest
Bulls are likely to step in again once we revisit that upper range
🚨 What to Watch:
Watch the $2.20–$2.33 area (noted in pink on the 2D chart). If this breaks with volume, XRP could make a quick push into $2.59, then retest $3.02
From there, $3.40+ is the next major resistance, aligning with the year’s ATH
📅 Final Word: Structure is clean, and momentum is picking up. As long as support holds and no macro FUD disrupts sentiment, XRP is showing all the signs of a classic bullish retest setup.
Support held strong around the $1.61–$1.76 zone (noted as the "20hr LOW")
We’ve now got strong bullish candles showing momentum and recovery
Current price is hovering around $2.15, approaching the next liquidity zone
If momentum holds, price is likely to test the previous local high of $3.02+
On the higher timeframes, the structure supports a gradual lift-off back into the $3.40 zone, which is near XRP's yearly ATH
📊 Market Behavior:
We’re seeing a classic cup-and-handle-style formation on the larger timeframes
XRP has done this before — slow grind up, fast move into the next retest
Bulls are likely to step in again once we revisit that upper range
🚨 What to Watch:
Watch the $2.20–$2.33 area (noted in pink on the 2D chart). If this breaks with volume, XRP could make a quick push into $2.59, then retest $3.02
From there, $3.40+ is the next major resistance, aligning with the year’s ATH
📅 Final Word: Structure is clean, and momentum is picking up. As long as support holds and no macro FUD disrupts sentiment, XRP is showing all the signs of a classic bullish retest setup.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.