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$XRP: The Bullish Retest is Locked and Loaded! π
Short Review:
Support: 1.35 β 1.355 (Rising trendline and green retest box).
Resistance: 1.39 β 1.40 (Local overhead supply).
Target: 1.42.
Why?
$XRP has successfully confirmed a breakout from a tight triangle and is now using the macro support line as a launchpad for a full structural rotation. ππ
β‘ The Power of the Retest
Ripple is putting on a masterclass in structural discipline! After a period of intense coiling inside a Triangle pattern, the price has finally punched through. But the most exciting part is happening right now: the "retest." This is where the price returns to the scene of the breakout to turn old resistance into a firm new floor. πΉ
π‘ The Green Launchpad
We are watching the area around 1.35 very closely.
This green box is our current Safety Net. π‘
A successful bounce here flushes out the "weak hands" and confirms that the bulls are in total control. π§Ή
Think of it as a trampoline: the market needs to press into this floor to gather the energy required for an explosive jump toward the ceiling.
π― The 1.42 Macro Target
The path of least resistance is pointing toward the upper boundary of the giant Wedge pattern.
Our primary target is the macro ceiling at 1.42. πΉ
This represents a full structural rotation from the bottom support to the top resistance. π―
Reaching this level will likely turn the market into a "Pressure Cooker," as we challenge the major overhead liquidity.
The structure is clean, the spring is loaded, and
$XRP is ready to shine. Stay disciplined and keep your eyes on that support line! ππ
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