An analyst’s recent chart review shows XRP holding steady around the $2.80 level while forming a structure that has historically preceded bigger moves. The analysis points to two possible short-term outcomes , yet both lead to the same bullish conclusion in the long run.

Bullish Technical Analysis For XRP

XRP has spent the past week moving around $2.80, with repeated tests of both higher levels at $2.88 and lower levels at $2.71 failing to deliver a decisive breakout.

The most recent three-day candlestick chart shows how XRP has created three consecutive bearish candlestick while support has held close to $2.72. This period of consolidation comes after months of volatility that saw the token retrace back below $3 in September.

Against this backdrop, a new technical

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