Eseandre Mordi
⬤ XRP is holding steady within a rising formation while staying above a critical support zone on the chart. The setup suggests a possible bounce off the $1.50 to $1.54 area before the next leg up, with $1.42 serving as the key level that would invalidate the bullish structure if broken.
⬤ The price is printing a clean series of higher highs and higher lows after reclaiming what used to be resistance. Multiple liquidity pockets sit above the current price, with upside targets marked near $1.62, $1.75, and $1.95. Similar compression patterns have historically led to sharp moves in XRP, as outlined in triangle squeeze points to volatility.
⬤ The tightening price action mirrors earlier setups that delivered strong continuation moves, comparable to patterns seen when technical buy signal emerges and during the consolidation phase discussed in explosive breakout ahead.
⬤ The chart framework shows how predefined levels shape the near-term outlook. As long as XRP holds above support, the mapped trajectory toward $1.95 stays in play. But a drop below $1.42 would break the structure and likely send price back toward lower support zones, forcing traders to reassess the bullish thesis.
Eseandre Mordi
