XRP Poised for Major Bullish Move with Bump-and-Run Pattern
XRP is showing signs of a notable bullish reversal. The cryptocurrency has formed a bump-and-run pattern, a powerful indicator of a major bottom before a big price surge.
After breaking above a long-term trend line, XRP is now retesting this line as support. This phase, known as the “throwback,” is critical. If XRP holds above this support, it could trigger a strong upward move.
Key points to watch:
- XRP is retesting the trend line as support.
- Multiple bullish candles confirm the trend line breakout.
- If support holds, XRP could reach new all-time highs.
Technically, XRP is in a strong position. The trend line,once resistance,now acts as support. Traders are watching this level closely for confirmation before a new leg higher.
The bump-and-run pattern follows a classic structure: a long period of resistance, a sharp dip below it, and now a return to strength. This suggests the accumulation phase may be over, and XRP is ready for a breakout.
What’s next? As long as XRP stays above the trend line, the throwback phase remains valid.This sets the stage for the “run” phase, a rapid move that could target new highs in the coming weeks. If support fails, the pattern would be invalidated, but for now, the technical bias is bullish.
For a detailed view, check the XRPUSDT (1D) Chart.
