Technical analysis by Lingrid about Symbol XRP: Buy recommendation (5/29/2025)

Lingrid

The price perfectly fulfilled my previous idea. XRPUSDT has rebounded from the lower boundary of the descending channel, forming a potential double bottom near $2.26. Price action suggests building momentum within a consolidation zone, with targets aligned at the $2.34 level just below trendline resistance. A higher low could set up a clean push toward the upper channel range. Watch for breakout signs above the blue line.📈 Key LevelsBuy zone: $2.26–$2.28Buy trigger: confirmation above $2.29Target: $2.34Sell trigger: breakdown below $2.26💡 RisksRejection at trendline near $2.30 may stall upsideFailure to hold above $2.26 support shifts bias bearishWeak volume on rebound could signal short-term fakeoutTraders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻