floratap

🔍 XRP/USDT Outlook: Technical Breakdown and Bullish Potential

XRP has been consolidating just under the $3 mark in recent weeks, sparking renewed interest among traders and analysts. A recent chart by an analyst paints a bullish picture, projecting a potential rally that could take XRP toward the $10 level.

🧠 Chart Overview

The chart identifies two key horizontal zones:

-Support: Around the $0.80 level

-Resistance: Around the $2.90 zone, which $XRP is currently testing

A successful breakout and hold above the $2.90 resistance would open the door for further upside. The structure shows a clear breakout from a long-standing downward trendline, with #XRP establishing a new bullish trend marked by higher highs and higher lows.

Patel also notes another important support zone in the $2 area, where bulls are likely to defend if a short-term pullback occurs.

🚀 Upside Target: $10?

The bullish scenario envisions a move from current prices (~$2.90) to as high as $10, representing a +228% gain. While ambitious, such moves aren’t out of the ordinary in strong altcoin cycles where momentum and market sentiment align.

#Ripple