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XRP Bounces Off the Bottom of the Channel. Analyst Suggests Next Target

A clean rebound from a major support zone can shift market sentiment instantly. XRP has delivered such a moment, rising sharply after touching the lower boundary of a long-term descending channel. 

The move has sparked renewed interest among traders who are now watching the chart for confirmation of a broader recovery. The key question is whether XRP can maintain its current momentum long enough to challenge the next technical barrier.

In a recent analysis shared on X, top market analyst Ali pointed out that XRP has bounced directly off the channel’s lower boundary on the 3-day chart. He noted that this reaction sets up a potential move toward the midpoint of the structure near $2.60. 

His commentary has circulated widely, reinforcing expectations of a possible near-term continuation if buyers hold their ground.

Technical Structure and Current Setup

The descending channel governing XRP’s multi-month price action remains intact. Each test of the lower boundary has produced strong reactions, confirming the structure’s reliability. XRP currently trades at $2.17, the lower-mid region of this channel after the latest rebound. 

The next technical objective is the midpoint, positioned near $2.60. A decisive push above this level would improve market structure and shift momentum in favor of buyers. Failure to approach the midpoint may invite renewed selling.

Market Conditions and Liquidity Dynamics

Recent market behavior shows rising volatility and abrupt liquidity surges. Trading volume has expanded during the bounce, suggesting increased participation from both retail and institutional players.

Broader crypto sentiment remains mixed, which adds uncertainty to XRP’s trajectory. Short bursts of buying have supported the current rebound, but sustained momentum will require continuous inflows.

Trading Implications and Short-Term Expectations

Short-term traders view the channel’s midpoint as the most reasonable initial target. The level represents a natural point of resistance within a downward-sloping structure. A strong close above it would strengthen bullish conviction and open discussion of the channel’s upper boundary. 

However, a failure to advance toward $2.60 could signal weakness and risk another retest of the lower boundary. Clear invalidation levels remain essential given the sharp price swings common in XRP’s price behavior.

Outlook and Final Thoughts

XRP’s rebound offers a cleaner technical picture than seen in recent weeks. Ali’s insights highlight the importance of the $2.60 level in determining the next phase of the market. The channel remains the dominant pattern, and the midpoint stands as the key battleground.

Traders now watch for volume, structure, and confirmation as XRP attempts to sustain its latest move. This bounce has created a constructive short-term narrative, but momentum must continue for the outlook to shift decisively.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


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Zaccheaus Ogunjobi
Zaccheaus Ogunjobi
I am a passionate and experienced writer with a strong focus on cryptocurrency and the financial landscape. With a keen eye for market trends and emerging financial technologies, I strive to deliver insightful, well-researched content that educates and informs. Whether breaking down complex financial concepts or analyzing the latest market movements, my goal is to make finance accessible and engaging for a wide audience.
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