Current technical analysis
XRP has just rebounded strongly after touching the support at $2.99. This technical recovery is currently shaping a promising configuration that could signal an imminent bullish breakout.
Key points to remember:
✅ Validated technical rebound: The price reacted positively on the significant demand zone
✅ Ongoing formation: A bullish breakout structure is gradually taking shape
✅ Positive momentum: Buyers are regaining control and targeting higher resistances
The Elon Musk factor
An additional element draws attention: Elon Musk recently posted an enigmatic message that, according to several analyses, could refer to XRP. This speculation naturally fuels interest around the token.
Summary
Technical indicators and media context are currently converging for XRP. The graphical configuration deserves particular attention in the upcoming sessions.
Current price: $2.9569 (-5.39%)
#XRP #CryptoTrading #Altcoins #BinanceSquare #HODL
