XRP/USDT – LONG Setup

Price is moving within a descending channel and currently testing the bottom trendline, which has acted as a strong support historically.

A rounded bottom pattern is forming inside the channel, suggesting a possible accumulation phase before breakout.

Break above $2.00–$2.20 resistance could signal the beginning of a bullish wave toward higher levels.

This structure mirrors classic reversal patterns within downtrend channels. If the bullish reaction holds at the lower boundary and a breakout occurs, XRP may gain significant momentum toward $3+.

🔹 Direction: LONG 📈

🔹 Entry Zone: $1.70 – $1.85
🔹 Stop Loss: Below $1.60

🎯 Targets

TP1: $2.3385
TP2: $2.8160
TP3: $3.3062