Saad Ullah
XRP is gaining fresh attention as it consolidates near a key resistance trendline. A bullish setup may be forming, with traders closely watching whether XRP can hold its current level to confirm upward momentum. The altcoin may soon target higher price zones.
XRP Price Retests Trendline Support
XRP price is currently trading at $3.16, having made a retest of the upper trendline support. The technical chart shows a descending triangle pattern meeting a rising trendline, indicating growing pressure for a breakout.
If XRP manages to hold this level, especially above $3.16, traders anticipate a move toward the first resistance target at $3.40.
Key Targets: $3.40 and $3.66
Should the bullish scenario play out, XRP price may rise rapidly. The next resistance levels highlighted on the chart are $3.40 and $3.6646, with the latter marking the previous high. A successful breakout could push XRP as high as $3.6677, which aligns with the chart's projected bullish path.
According to the X post, staying above the current trendline is crucial for maintaining this upside potential.
Conclusion
XRP is at a technical crossroads. A clean break above the current consolidation zone could send the XRP price soaring toward $3.66. Traders will be watching closely for confirmation of this breakout in the coming sessions.
Saad Ullah
