Saad Ullah
⬤ XRP is showing solid technical strength after forming a double bottom—a classic bullish reversal pattern. The price broke out to a new major high around $2.50, then pulled back in what looks like a healthy correction. Now it's sitting near $2.38, where buyers keep stepping in to defend the level. The structure suggests the broader uptrend is still intact despite the recent dip.
⬤ The 1-hour XRP/USDT chart backs this up. After bouncing from around $2.20, XRP pushed through resistance to hit that $2.50 peak. Since then, it's retraced to the $2.38 support zone, where buying interest has consistently shown up. A sustained uptrend line on the chart indicates traders are still leaning toward accumulation rather than selling off.
⬤ Holding $2.38 is crucial for keeping the bullish momentum alive. If XRP can stay above this level, a move back toward $2.45–$2.50 becomes more likely. But if it breaks down decisively, the next targets to watch are around $2.30 or $2.20. Traders should be cautious about overleveraging here—volatility tends to spike during consolidation phases after big rallies.
⬤ Right now, XRP is trading near $2.39 on Binance, hovering just above that key support. Traders are watching closely to see if this consolidation turns into another breakout—which would confirm the short-term uptrend is still going strong within the bigger bullish picture.
Saad Ullah
