XRP Eyes Retest of ATH – Key Support at 2.90

[m_c_jacob]

At the end of July, XRPUSD printed a new all-time high, followed by a correction that stretched into early September with a local bottom around 2.70.

Since then, the market has staged a healthy rebound, breaking above the descending trendline and regaining the key 3.00 level. This move changes the technical picture considerably and reinforces the bullish bias.

From a structural perspective, the price action since June suggests that the broader uptrend remains intact, and the path of least resistance is still to the upside. A retest of the former ATH looks likely, with room for price discovery should momentum continue.

Key Level: As long as XRP stays above 2.90, the bullish scenario remains valid.
Trading Plan: I favor a buy-the-dip strategy, aiming at the ATH zone as the first major target.