Ripple ($XRP) is showing strong bullish potential on the weekly timeframe. Price has rebounded cleanly from a major support zone, hinting at a possible trend reversal.
š Technical Breakdown
Strong Support: $1.6963
Pattern Formed: Triple Bottom ā a classic reversal structure
Trend Shift: Breakout from the descending channel confirms growing bullish momentum
This combination suggests sellers are losing control while buyers step in aggressively.
š¢ Trade Idea
Entry Zone: $1.69
šÆ Upside Target
Primary Target: $3.79
š§ Market Insight
If XRP continues to hold above the support zone and maintains the breakout structure, the probability of a strong upside expansion increases significantly. Volume confirmation will further strengthen this setup.
š Patience + Risk Management = Key
