The XRP/USDT pair is moving on the daily timeframe within an ideal technical scenario that combines consolidation above historical support and the potential for a strong surge towards higher targets. Based on the chart, here are the technical details:
1. The technical reading of price action:
The final support zone: The most important point in this analysis is the critical support zone clearly defined in light blue at $1.1172. This level was recently tested in late February 2026 (referred to as "28-Feb"), forming a solid and cohesive bottom.
Current consolidation: The price is currently stabilizing above another minor support level (marked by a light blue double line above the critical support), around $1.28 - $1.30. This consolidation indicates liquidity accumulation.
Expected breakout pattern: A short-term downward trend line (black) has been drawn through recent peaks. The price is pressing against this line, indicating a potential imminent bullish breakout.
2. Price targets and resistances (orange areas):
After breaking the downward trend line, the chart has identified two potential paths towards higher targets:
First target (medium resistance): The horizontal resistance area between $2.25 and $2.35 (marked in orange). It is indicated by a dotted green arrow, suggesting it may be a potential stopping point.
Main target (major resistance): The larger and thicker horizontal resistance area between $2.95 and $3.10. It is indicated by a strong and long solid green arrow, suggesting this is the long-term main target of the current pattern. Reaching this target means recovering a significant part of its previous value.
3. Risk management:
Since the price is above the "critical support", the current consolidation area (1.28-1.30) can be used as a base to open long positions. A tight stop loss can be placed below the area (below 1.11).
Summary:
The XRP/USDT pair is in a "technical accumulation" zone, provided that the price remains stable above the critical support at 1.1172. The recent bounce and successful test of support in February gives great credibility to the long-term bullish scenario towards the specified targets.
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