XRP/USDT Bullish Breakout Anticipation

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XRP/USDT Bullish Breakout Anticipation XRP / TetherUSBINANCE:XRPUSDTMrStellanSight XRP/USDT Bullish Breakout Anticipation πŸš€ Technical Analysis: The chart illustrates a potential bullish setup for XRP/USDT based on price structure, support/resistance levels, and harmonic movements. πŸ” Key Observations: Rejection From Major Support Zone (1.95 - 2.00): Price previously tested a strong demand zone (marked as β€œSUPPORT”) and showed significant rejection with bullish candlestick momentum. Series of Higher Lows βœ…: The price structure shows consecutive higher lows (green arrows), indicating rising buying pressure and bullish intent. Break of Intermediate Resistance (2.15 - 2.18): A breakout from the neckline area confirms bullish continuation. Price is currently retesting this level, turning resistance into support. Target Zone at 2.35 - 2.36 🟦: A clean target area marked by historical resistance and previous high (red arrow). Projection indicates a possible move toward 2.3512 USDT, aligning with the measured move from the breakout structure. Bullish Harmonic Pattern Completion πŸ”Ό: The chart also displays a harmonic pattern completion near the recent low, suggesting a reversal point aligning with market reaction. 🎯 Trading Plan: Entry Zone: Current retest around 2.15 - 2.18 is favorable. Target: 2.3512 (as per projection and prior resistance zone). Invalidation: Break below 2.10 and especially under the key support (2.00) would invalidate the setup. πŸ“Œ XRP/USDT is showing bullish strength as long as it holds above the breakout level. A sustained move could trigger momentum towards the 2.35 target zone. πŸ’ͺπŸ“Š