Saad Ullah
XRP's holding strong above $3.00 support after nailing the classic breakout-retest pattern. Bulls are now eyeing $4.50 as their next big target.
XRP Nails the Textbook Setup
XRP just pulled off one of those moves that makes traders smile - a perfect breakout followed by a solid retest. After smashing through that stubborn $2.80-$3.00 resistance zone that had been holding it back, the price came back down to test this level as support and bounced like a champ.
The weekly candle's sitting pretty above $3.03, which tells us the buyers aren't messing around. This kind of price action is what separates the real moves from the fake-outs.
$4.50 Looking More Realistic Now
Here's where it gets interesting. One trader's calling $4.50 "a magnet" rather than just another hopeful target thrown around on crypto Twitter. And honestly, looking at how XRP's been moving lately, it doesn't seem that crazy anymore.
The chart's got that upward momentum vibe going, and as long as we stay above this $3.00 floor, the bulls are in control. A push toward $4.50 would be a proper breakout from where we've been hanging out lately.
The beauty of this setup is its simplicity - break, retest, launch. XRP's checked the first two boxes, and now everyone's watching to see if box three gets ticked.
Saad Ullah
