XRP pierced a five-month symmetrical triangle and instantly wicked back to retest the breakout line near 2.20 USDT, leaving a long tail labelled “retest.” The rebound has carved a series of higher lows, indicating accumulation above trend support. As long as 2.20 holds, the measured move projects toward the 2.85-3.00 resistance band drawn by February’s highs. Closing beneath the retest level would neutralise the immediate upside bias but broader ascending guides remain constructive.Trade active
XRP pierced a five-month triangle, then wicked back for a surgical retest at 2.30-2.35 USDT. Candles still perch above that level, carving higher lows. Keep 2.30 and the measured move eyes the 2.85-3.00 supply shelf. Lose it and price could revisit the 2.05-2.10 support zone before bulls regroup.
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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.