XRP — SQUEEZE AND PIVOT SETUP

Wait 5 sec.

XRP — SQUEEZE AND PIVOT SETUPXRP / TetherUSBINANCE:XRPUSDTLingrid🔺 XRP is trapped within a tightening triangle structure on the 1H timeframe, marking a battle between descending supply and a persistent higher low trend. Price is currently testing the confluence of the lower trendline, looking for a 🌀 decisive retest to confirm localized strength. Should buyers reclaim the immediate consolidation zone, we anticipate a bullish breakout toward the overhead resistance zone. Maintain caution, as a breakdown below the support trendline would invalidate this setup. The current structure highlights a critical volatility contraction that precedes a sharp directional move. 🔑 Key Levels 🚧 Resistance: 1.5550 🛡️ Support: 1.4850