$XRP USDT – Market Analysis
XRP has delivered a strong impulsive breakout, pushing price from the 1.34 region toward a recent high at 1.6693. The expansion phase was aggressive, supported by increasing momentum and strong bullish candles, which confirms buyers are currently in control.
After the sharp move, price is now showing a minor rejection near resistance, which is a normal reaction following an extended rally. This does not indicate a reversal yet, but rather short-term profit taking while the market searches for a new equilibrium.
The key area to monitor is the 1.54 – 1.57 zone, which previously acted as resistance and may now serve as support. Holding above this region keeps the bullish structure intact and favors continuation after consolidation.
A break and acceptance above 1.67 would likely open the path toward higher liquidity zones in the coming sessions. However, failure to hold support could lead to a deeper pullback toward 1.48 before any continuation attempt.
Overall structure remains bullish with elevated volatility, typical after strong expansion phases.