XRP 1H Analysis - Key Triggers Ahead

☃️ Welcome to the cryptos winter , I hope you’ve started your day well.

⏰ We’re analyzing XRP on the 1-Hour timeframe .

👀 On the 1-hour timeframe, XRP recently completed a solid bullish rally, reaching resistance around $3.06, before retracing toward its local support zone near $2.94. The coin has tested its top level about three times, getting rejected each time under selling pressure. After the latest rejection and rebound from the $2.94 zone, a short-term trigger has formed around $2.98 — a breakout above this level could significantly increase the likelihood of a resistance breakout.

🧮 The RSI oscillator shows that after ranging below the 50 zone, it has now crossed above it and is heading upward. A 1-hour candle close above the trigger zone would confirm bullish momentum; otherwise, the move risks failing.

🕯 The recent candle structure on the 1-hour chart has been relatively range-bound, partly due to low market activity during holidays. However, with increasing volume and the larger size of recent bullish candles, there’s potential for stronger upward continuation.

🧠 For XRP positions, traders can consider low-risk entries once a candle closes above the marked trigger zone in this analysis. Rising volume and strong candle closures may fuel volatility and expand long opportunities.

❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .