Usman Salis
XRP is trading at $2.98 and forming a rounded bottom pattern. A breakout above $3.05 could push the price 21% higher toward $3.60.
XRP Price Recovers After Recent Pullback
XRP has pulled back from its impressive run that took it from $3.00 all the way up to $3.6561. Right now, it's sitting at $2.98 and doing something pretty interesting - it's forming what traders call a rounded bottom pattern.
This kind of setup usually signals that bulls are getting ready to make another move. What's even better is that XRP is holding steady near the $2.80 support zone, which shows buyers aren't backing down.
XRP Eyes 21% Rally Above $3.05 Breakout
Here's where things get exciting. Traders are watching that $3.00-$3.05 range like hawks. If XRP can punch through this level with some decent volume behind it, we could see it rocket back toward $3.60 - that's a solid 21% gain from where we are now.
The key thing to watch is whether XRP can actually break through and hold above $3.05. If it does, this rounded bottom pattern could be the launchpad for XRP's next big move up. The bulls seem to be loading up for another shot at those highs, and the technical setup is looking pretty promising right now.
Usman Salis
