XRP - bulls attack triangle, focus on 2.30 → 2.48 USDTPrice has been holding above the ascending support since mid-March and has just popped out of a local falling wedge, keeping the chance of a breakout of the main downtrend line alive.
📌 Levels
- S1 2.10 USDT - dynamic support and bottom of the small wedge
- S2 2.00 USDT - round number and bottom of the broad pattern
- R1 2,30 USDT - crossing of the downtrend line (target #1)
- R2 2,48 USDT - horizontal “Resistance level”, potential reversal boundary
📈 Scenario
A consolidation above 2.30 will confirm the bullish exit from the triangle and open the way to 2.48 USDT. A breakout to 2.60 is possible if volume strengthens.
⚠️ Risks
A failure below 2.10 will bring the price back to the narrowing range; a move below 2.00 will increase sellers' pressure and target 1.90-1.85 USDT.
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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.