Peter Smith
⬤ XRP has defended its major support around $1.90, preserving the bullish setup that's been guiding price action. The asset remains above its long-term accumulation range—a zone that's acted as both strong support and a potential re-entry point. XRP is currently trading near $2.23 on the 3-day chart after an extended consolidation phase.
⬤ The chart shows XRP testing a descending trendline while staying anchored above the green support band. This level has repeatedly served as a launchpad for rebounds, with multiple retests highlighting its importance. As long as XRP holds above $1.90, the structure stays bullish. A break below that level would be considered "super bearish," signaling a major shift in momentum.
⬤ The long-term $5.00 target remains visible on the chart, reinforcing that the bullish outlook is still intact. XRP continues forming lower highs under a compression trendline while maintaining support strength—creating a tightening pattern. While the chart doesn't pinpoint when a breakout might happen, the $5 target suggests the broader upside scenario is unchanged as long as support holds.
Peter Smith
