๐ Technical Breakdown:
Support held strong around the $1.61โ$1.76 zone (noted as the "20hr LOW")
Weโve 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
๐ Market Behavior:
Weโre seeing a classic cup-and-handle-style formation on the larger timeframes
XRP has done this before โ slow grind up, fast move into the next retest
Bulls are likely to step in again once we revisit that upper range
๐จ What to Watch:
Watch the $2.20โ$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 yearโs ATH
๐
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.
Trend Analysis