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. $XRP bounced off the bottom of the channel and could be heading toward the midpoint around $2.60. pic.twitter.com/8gzG8yjYuN...

https://timestabloid.com/xrp-bounces-off-the-bottom-of-the-channel-analyst-suggests-next-target/