Usman Salis
⬤ XRP is holding onto a solid bullish pattern on the higher timeframes, staying comfortably above a crucial $1.30 support level. The weekly chart shows a textbook breakout from years of price compression, followed by a powerful surge and now a healthy pullback that's found support right where it should. The coin is sitting in what traders call a Fair Value Gap between $1.30 and $1.90—basically a zone where buyers have consistently stepped in to defend the price.
⬤ Looking back, XRP spent years trapped in a descending pattern that kept tightening until it finally broke free. That breakout changed everything, sending the price rocketing toward $3.20 before naturally cooling off. The current pullback isn't weakness—it's actually normal market behavior after such a strong move. As long as that $1.30 floor holds, the bullish structure stays intact.
⬤ The technical roadmap shows two main targets ahead. First stop is around $3.14, which lines up with previous resistance in the current range. But the bigger prize sits much higher—somewhere between $8.70 and $10. These aren't random numbers; they come from measuring historical breakout patterns and projecting them forward. Of course, hitting those levels depends entirely on keeping that $1.30 support zone defended.
⬤ What makes this setup interesting is XRP's role as a leading indicator for large-cap altcoins. When it moves, others tend to follow. Right now, the structure looks healthy as long as buyers keep protecting that $1.30 level. Drop below it, and we'd need to reassess. But for now, the chart tells a bullish story with room to run higher.
Usman Salis
