Peter Smith
XRP has quietly formed a powerful V-shaped reversal pattern that's catching traders off guard. After smashing through long-term resistance, the token now sits at a critical juncture near $3.27, with bulls eyeing a explosive push beyond $3.33 that could unleash the next major rally phase.
XRP Price Action Reveals Classic V-Recovery Setup
Something big is brewing with XRP, and most traders haven't noticed yet. The cryptocurrency has been painting a textbook V-shaped recovery pattern that often precedes explosive moves higher.
XRP rocketed from $1.89 straight up to $3.33, demolishing a multi-month descending trendline. Instead of rolling over, the pullback has been shallow and controlled – exactly what you want to see in a healthy V-pattern.
Now trading around $3.27, XRP is coiled like a spring. This brief consolidation isn't weakness; it's the market gathering strength for the next leg up.
Critical Levels That Could Spark XRP Price Fireworks
XRP is sitting on solid support at $3.20, acting like a launching pad for the bulls. If it punches through $3.33 with conviction, we're looking at a potential rocket ship scenario toward $3.40-$3.50.
The downside? A break below $3.20 could see profit-taking down to $2.80, but that's looking less likely. The V-pattern setup has all the hallmarks of a major trend continuation move, and the next few sessions could determine whether we get that explosive breakout traders have been waiting for.
Peter Smith
