Saad Ullah
XRP is gaining momentum after testing a crucial support zone that lines up with its rising trendline. The bounce suggests bulls are defending the uptrend, with the token now eyeing its next resistance level.
Technical Setup
Analysis from BATMAN shows XRP testing its ascending trendline on the 1-hour chart. The price pulled back to the $2.40–$2.43 area — former resistance now turned support — which matches exactly with the rising trendline. This has been a reliable launching point recently, with buyers stepping in each time the price touches this line. The pattern of higher lows confirms the uptrend remains alive despite normal pullbacks.
Key Levels to Watch
- Trendline Support: Rising trendline connecting recent lows holds strong
- Entry Zone: Blue support band around $2.40 offers solid confluence
- Upside Target: Successful bounce could push toward $2.55 resistance
- Downside Risk: Break below trendline may lead to $2.35 before recovery
The chart shows a healthy structure where controlled dips are fueling gradual growth.
Beyond technicals, Ripple's ecosystem is gaining traction. Institutional partnerships, positive legal news, and steady blockchain activity have boosted XRP's resilience. As crypto markets regain confidence, XRP is attracting investors looking for technically stable assets.
Saad Ullah
