Usman Salis
XRP just pulled off a textbook technical move that has traders buzzing. After months trapped in a descending triangle since July, the token finally broke free and did something crucial - it came back to test that breakout level and held strong.
Technical Picture Getting Clearer
According to Bitcoin Meraklısı, this retest confirmation is exactly what bulls needed to see before the next leg up.
The 8-hour chart shows XRP cleanly breaking above that descending resistance line and successfully using it as support on the pullback. The daily timeframe tells an even better story, with the breakout structure intact and clear targets emerging at $4.28 and $5.60 if momentum keeps building. What makes this setup particularly compelling is how textbook the retest played out - former resistance becoming support is Trading 101, and XRP just executed it perfectly.
The key psychological level to watch now is $3.00. If buyers can hold above this zone, it opens the door for that march toward the higher targets. But there's a wild card that could shake things up in the short term.
Fed Meeting Could Shake Things Up
The upcoming Federal Reserve meeting is looming over all risk assets right now. Interest rate decisions have a habit of sending crypto markets into a frenzy, regardless of individual technical setups. So while XRP's chart looks bullish, macro events could inject some serious volatility into the mix.
Usman Salis
