📈 XRP, Ripple's native token, is showing signs of a strong bullish reversal after months of decline. It recently broke out of a descending trendline and a classic cup-and-handle pattern — both bullish signals.
💫 After the breakout, XRP retested the previous resistance (now support) and formed a Morning Star candlestick — a strong bullish pattern. If it holds above $2.35, analysts believe it could surge 38% toward $3.40 in the coming days.
📊 Despite broader market weakness, XRP remains above the 200 EMA on the daily chart — a bullish indicator drawing in long-term holders and fresh capital.
💹 XRP is currently trading at $2.43, up 1.2% in the past 24h. Trading volume spiked 45%, signaling growing interest from traders and investors.
📉 On-chain data from Coinglass shows traders are heavily leveraged between $2.40 (longs) and $2.50 (shorts), with $45M in longs and $33.5M in shorts. With bullish momentum building, short positions may soon face liquidation.
🐂 Combining technicals and on-chain data, bulls are in control and XRP may be gearing up to retest its all-time highs.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
