Price is moving within a descending channel and currently testing the bottom trendline, which has acted as a strong support historically.
A rounded bottom pattern is forming inside the channel, suggesting a possible accumulation phase before breakout.
Break above $2.00–$2.20 resistance could signal the beginning of a bullish wave toward higher levels.
This structure mirrors classic reversal patterns within downtrend channels. If the bullish reaction holds at the lower boundary and a breakout occurs, XRP may gain significant momentum toward $3+.
🔹 Direction: LONG 📈
🔹 Entry Zone: $1.70 – $1.85
🔹 Stop Loss: Below $1.60
🎯 Targets
TP1: $2.3385
TP2: $2.8160
TP3: $3.3062
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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.