Saad Ullah
Ripple's XRP has been gaining attention as technical indicators align for a significant price movement. After weeks of consolidation, the cryptocurrency is displaying classic reversal patterns suggesting upward momentum. With XRP trading around $3.00, analysts are watching key technical levels closely.
Current Price Action
XRP has been climbing steadily and recently confirmed a bullish change of character after breaking out of its downtrend. This shift indicates buyers are regaining control, setting up for sustained momentum. The cryptocurrency has established higher highs and short-term peaks, followed by a new weak high currently in progress, strengthening the case for continued bullish movement.
Support held firm near $2.00 where price previously consolidated. The change of character flipped bearish market structure into bullish momentum. As trader Henry noted, the push above $3.00 resistance opened a path toward the next target between $4.00-$4.20, representing a 33% gain from current levels.
Risk-reward setups offer attractive 3:1 ratios for long positions, with the market structure appearing "perfectly aligned for the next big pump."
Market Structure Assessment
If XRP sustains momentum above $3.00, the bullish structure could accelerate rapidly, making a rally toward $4.00 increasingly probable. While profit-taking at resistance remains possible, the overall setup favors continued upside. The coming sessions will be crucial for confirming whether this setup transforms into the next major leg of Ripple's bull cycle.
Saad Ullah
