The chart shows higher lows forming along an ascending trendline, suggesting underlying bullish pressure despite previous lower highs.
Price is currently consolidating inside a rectangle pattern (green zone), sitting above the key support near $2.98.
The red resistance zone around $3.57 is a major breakout point — a successful breach could lead to a strong bullish move.
The PPO indicator is showing a slight recovery from negative territory, indicating momentum is attempting to shift upward.
If price fails to break out, a retest of the ascending trendline or the grey demand zone below $3.00 could occur before the next attempt upward.
Overall, XRP is coiling for a breakout, with $3.57 as the key resistance to watch and $2.98 as critical support.
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