XRP’s (XRP) recent price action has unfolded in a textbook bump-and-run reversal structure, a pattern known for signaling major bottoms before large bullish expansions. After breaking above a long-standing dynamic trend line, XRP has pulled back to retest it, a phase known as the “throwback.”
This moment is crucial, as a successful hold typically triggers the final “run” phase, historically associated with sharp upside moves. Technically, XRP remains in a strong position as long as this support holds.
Key technical points
Retest of trend line support in the throwback phase after a strong breakout
Multiple bullish candles confirmed above the trend line, shifting market structure
Pattern targets expansion if support holds, with potential for new all-time highs
