$XRP shows renewed momentum after bouncing from key support levels. Technical analysis points to a potential breakout above $2.80 that could drive prices toward $ 3.80.
XRP is staging a comeback after weeks of choppy trading and sharp swings. The token has bounced back from recent lows and is forming what looks like a bullish continuation pattern.
๐Chart Setup: From Accumulation to Expansion
Trader LSTRADER, who flagged earlier manipulated setups in previous streams, now says this new formation "looks promising." If XRP breaks cleanly above $2.80, the next stop could be $3.80. The shift comes as the broader crypto market finds its footing and buyers return after a long period of sideways action.
The 6-hour XRP/USDT chart on Binance shows a clear move from extended sideways trading into what could be the start of a fresh uptrend. Early on, XRP spent a long stretch bouncing between roughly $2.60 and $3.20, repeatedly hitting resistance along a descending trendline. That zone acted as a major accumulation area where liquidity built up over time. Then came a sharp dip below prior support, pushing XRP down into the $2.20โ$2.40 range. But instead of collapsing further, the price snapped back quickly, suggesting strong buying interest and exhausted sellers. This new local base now looks like a launch pad for the next leg up.
The projected path on the chart traces a smooth arc breaking above $2.80, pausing briefly for consolidation, then climbing steadily toward $3.40โ$3.80. It's a classic reset pattern where the market flushes out weak hands, stabilizes, and then pushes higher on renewed confidence.
๐Why This Setup Matters
XRP's technical rebound isn't happening in a vacuum. Bitcoin has held above key support, which has given altcoins room to run. Traders are rotating into tokens with clean setups, and XRP fits the bill right now. Beyond the charts, Ripple's progress in institutional payments and its push for regulatory clarity keep long-term investors interested. Lower volatility across the market also helps, giving structured breakouts more room to develop without getting whipsawed.
Trader noted that this formation feels "cleaner" and less prone to manipulation than earlier attempts, which could mean more organic buying is driving the move. That's a good sign for anyone watching XRP closely.
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