💥$XRP /USDT – Bullish Breakout and Upside Potential🚀

⚡The chart illustrates a clear descending trendline breakout followed by a textbook retest and continuation pattern:

🔸Downtrend Line: The market had been respecting a descending trendline (marked with orange circles showing multiple touches).

🔸Breakout Confirmation: Price finally broke above this trendline with strong momentum, indicating a shift in market structure.

🔸Retest: After the breakout, the price retested the trendline — a crucial confirmation step suggesting strength in the new bullish direction.

2. Key Support & Resistance Zones

🔸Immediate Resistance Levels:

$2.50 zone – Minor resistance from previous structure.

$2.63 zone – Marked as the target zone and also the previous swing high.

🔸Support Level:

$2.30-$2.35 zone – Held as a base for the recent bounce and retest.

3. Measured Move Target:

🔸A projected measured move (using the width of the previous range) suggests an 8.52% upside, potentially reaching the $2.63 level, aligning with prior structure and resistance.

4. Volume & Momentum:

🔸While volume isn't shown here, the breakout with strong price momentum and multiple clean touches on the trendline imply high conviction. The structure also hints at a potential bullish continuation if XRP maintains above $2.40.

5. Trade Implication:

🎖️Long Bias: Favoring long positions above $2.40.

👉Entry Idea: Post-retest (already shown), ideal entry would be in the $2.40–$2.45 zone.

🎯Target: $2.63

💢Stop-loss: Below $2.35 (below the retest zone)

Conclusion:

XRP/USDT is showcasing a bullish breakout from a descending trendline, with a successful retest and momentum suggesting further upside. Traders should watch for a continuation toward the $2.63 resistance, with bullish sentiment staying valid as long as price holds above the breakout zone.

👉Buy Or Trade With Me On $XRP