XRP is showing signs of bullishness after a recent recovery by 2% in the past 24 hours, reaching an intraday peak of $2.2.
Technical analysis on TradingView suggests XRP is poised for a bullish continuation to $4, with low volatility indicating a shift from bearish momentum.
XRP's price action has transitioned to a phase of minimal volatility, breaking above a downward sloping resistance trendline and consolidating without forming new lows, signaling a bullish pattern.
The chart indicates repeated bounces from a support zone around $2.00 since mid-April, with each consolidation phase resulting in a higher low, paving the way for a potential upward breakout towards $4.