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XRP has completed a strong consolidation phase in recent sessions, and now the price is steadily holding above an important support zone. The chart structure clearly shows that the market previously provided a short-term breakout, followed by a healthy retest, which is generally considered a strong signal for bullish continuation.

The structure of 1H timeframe candles is getting tight, indicating that volatility has compressed and the market may be ready for a strong impulsive move. Multiple wick rejections to the downside indicate that buyers are actively defending the downside.