$XRP has cleanly broken out from a double-bottom structure on the 15m chart, exactly the kind of reversal pattern traders wait for after a corrective phase. Price defended the same demand zone twice, sellers failed to push lower, and buyers finally stepped in with strength.
The breakout candle above the neckline shows clear intent, not just a wick hunt. This shifts the short-term bias back to the upside.
What to watch next: • Break & hold above 1.856–1.860 keeps momentum intact • Immediate upside opens toward 1.88 → 1.92 • Minor pullbacks into 1.84–1.85 can act as support
If price holds above the breakout zone, this move has room to extend. Failed breakouts usually come fast — continuation usually comes clean.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$XRP has cleanly broken out from a double-bottom structure on the 15m chart, exactly the kind of reversal pattern traders wait for after a corrective phase. Price defended the same demand zone twice, sellers failed to push lower, and buyers finally stepped in with strength.
The breakout candle above the neckline shows clear intent, not just a wick hunt. This shifts the short-term bias back to the upside.
What to watch next:
• Break & hold above 1.856–1.860 keeps momentum intact
• Immediate upside opens toward 1.88 → 1.92
• Minor pullbacks into 1.84–1.85 can act as support
If price holds above the breakout zone, this move has room to extend. Failed breakouts usually come fast — continuation usually comes clean.