$XRP is showing a strong bullish setup as the price is consistently respecting the horizontal support and now approaching the downtrend resistance. A breakout from this zone could lead to a sharp upward move toward the $3.50 range which has acted as a previous resistance level.

This type of consolidation and tightening pattern often indicates a breakout and if $XRP could break this then the next leg up could be powerful and fast. The structure is forming perfectly for a bullish continuation