#xrp $XRP
Trend & Structure:
• Bullish momentum: Price has clearly broken above recent consolidation and swing highs, indicating strong upward pressure.
• Higher highs and higher lows are visible, confirming a short-to-mid-term bullish trend.
• The most recent bullish candle shows strength with minimal upper wick, suggesting buyers are still in control.
Support & Resistance:
• Immediate resistance zone: Around 2.30–2.35 (where price is currently testing). Watch for either a breakout or rejection from this area.
• Support zone: Previous structure around 2.15–2.20, where price consolidated before the breakout — could be retested if there’s a pullback.
Market Context:
• The breakout seems clean and supported by momentum, not just a wick or fakeout.
• Price action is not overstretched yet, so there might be room for a continuation move up before any meaningful pullback.
Bias:
• Bullish bias unless price falls back below the 2.15 level with strong bearish momentum.