Technical analysis by dennishrndz about Symbol XRP: Buy recommendation (5/24/2025)

XRP/USD is trading above a long-term rising trendline, consolidating tightly in a bullish compression pattern.This setup resembles a classic “coiled spring,” with price tightening just above key support. We’ve had consistent higher lows since late 2024, and the current structure favors a breakout over $2.70, which would open the door for a run to $3.50 and $5.00+1. Trendline Support: Clean bounce from ~$2.00, higher lows holding since November 20242. Resistance: Horizontal resistance at $2.70 is the breakout level3. RSI: Neutral (~50.88), resetting for a fresh move4. MACD: Bullish crossover, momentum building slowly5. Volume: Declining — typical before breakout patternsA. Buy Zone: $2.00–$2.20 (support touch)B. Breakout Add-on: Over $2.70 with strong volume*Risk management is key. The longer this consolidates above trendline support, the stronger the breakout move will be. Of course, all is probability, but this is what I'm seeing. **Clearly this isn't investment advice, only educational. ALWAYS seek a professional when investing.