XRP 8H – Ascending Base Testing Macro DowntrendXRP / TetherUSBINANCE:XRPUSDTBKVIPXRP remains under a broader descending resistance trendline that has capped price since the major sell-off. However, since the February low near the 1.12 region, price has started forming a sequence of higher lows, building an ascending base structure on the 8H timeframe. This creates compression between rising support and macro resistance. Structure Context: • Long-term descending resistance still intact • Higher lows forming from February bottom • Price rotating toward macro trendline • Compression building between two structures As long as XRP continues holding above the ascending support around 1.35–1.38, the base structure remains constructive. A confirmed breakout above the descending resistance near 1.55–1.60 would mark a significant structural shift and invalidate the lower-high sequence. Failure to break and rejection from macro resistance could send price back toward the ascending base for another compression cycle. For now, XRP is coiling between a rising floor and falling ceiling. Expansion is coming. Direction depends on which structure breaks first.