1. Support Zone Holding
• Price is respecting the $2.80 – $2.85 support zone (highlighted in blue).
• Multiple bounces from this area show strong buyer defense, which increases the likelihood of a reversal if volume enters.
⸻
2. Descending Triangle Breakout Setup
• The chart shows a descending resistance line (blue diagonal).
• Price is pressing against this downtrend, and each bounce off support makes the resistance weaker.
• A breakout above $3.00 – $3.05 could trigger a bullish rally.
⸻
3. Moving Averages (MA)
• The 50 SMA (orange) is starting to flatten out below the 200 SMA (black).
• If price pushes above $3.05, we could see a bullish crossover on shorter timeframes, often a precursor to a breakout move.
⸻
4. RSI / Momentum (Assumed from Structure)
• Given the consolidation and higher low around $2.80, momentum is likely shifting bullish.
• If RSI breaks above midline (50+), expect increased buying pressure.
⸻
5. Bullish Targets
• Immediate resistance: $3.05 (key breakout zone).
• First target: $3.20 (previous swing high).
• Second target: $3.50 (strong resistance, psychological level).
• Extended target: $3.80–$4.00 if momentum accelerates.
⸻
✅ Bullish Scenario:
If XRP can hold above $2.80 and break $3.05 with volume, the structure favors a reversal rally toward $3.20–$3.50+.
• Price is respecting the $2.80 – $2.85 support zone (highlighted in blue).
• Multiple bounces from this area show strong buyer defense, which increases the likelihood of a reversal if volume enters.
⸻
2. Descending Triangle Breakout Setup
• The chart shows a descending resistance line (blue diagonal).
• Price is pressing against this downtrend, and each bounce off support makes the resistance weaker.
• A breakout above $3.00 – $3.05 could trigger a bullish rally.
⸻
3. Moving Averages (MA)
• The 50 SMA (orange) is starting to flatten out below the 200 SMA (black).
• If price pushes above $3.05, we could see a bullish crossover on shorter timeframes, often a precursor to a breakout move.
⸻
4. RSI / Momentum (Assumed from Structure)
• Given the consolidation and higher low around $2.80, momentum is likely shifting bullish.
• If RSI breaks above midline (50+), expect increased buying pressure.
⸻
5. Bullish Targets
• Immediate resistance: $3.05 (key breakout zone).
• First target: $3.20 (previous swing high).
• Second target: $3.50 (strong resistance, psychological level).
• Extended target: $3.80–$4.00 if momentum accelerates.
⸻
✅ Bullish Scenario:
If XRP can hold above $2.80 and break $3.05 with volume, the structure favors a reversal rally toward $3.20–$3.50+.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.