#Xrp - update:

Descending triangle on the daily chart or bullish consolidation on higher timeframes??

The closing of the bullish candle on H4, but the zone is very neutral.

Double bottom on the daily chart at the level of $2.820 ✅

The descending structure on the daily chart is still relevant.

Without a confident breakout above $3,200 ( based on daily data) I expect many bounces from resistance or sideways movement!

Neutral zone: 3.150 - 2.70$

Local resistance/support levels:
2.820 - 2.860 - 2.940 - 3.040 - 3.07 - 3.120

Short-term forecast:
There are many levels of resistance to break through, a pullback is possible. If it breaks 2.980$, the price may rise to the upper level of 3.070$.

The closing of the daily candle above $2.940 this evening could be a good sign for further growth.

🔔Overall forecast:

A sideways trend is expected until a real breakout of ( the descending trend on D1) or the green key support zone.

There is currently no general trend, short-term movement is very unpredictable.

Above $2,720 based on daily data, bulls are still in control of the situation, and this could be a bullish consolidation.
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