XRP price forms multiple bullish patterns, will it reclaim $2?
XRP price has formed a rounded bottom pattern on the daily chart — May 15 | Source: crypto.news The neckline resistance of the pattern sits near the $2 psychological level, which also aligns closely with the weekly Supertrend resistance visible on the chart. Typically, a confirmed breakout above the neckline of a rounded bottom pattern signals a major bullish trend reversal and can lead to a sustained continuation rally. In XRPs case, a decisive breakout above the $2 region could open the door for a larger move toward the $2.80–$3 area based on the depth of the formation. Momentum indicators are also beginning to favor the bulls again. The weekly MACD is attempting a bullish crossover after remaining in bearish territory for several months, while the histogram has started printing strengthening green bars, signaling that downside momentum may be fading. The recent recovery structure additionally resembles a smaller bullish cup-and-handle continuation setup forming near the lower boundary of the larger rounded bottom pattern, reinforcing the possibility of a gradual trend reversal if buyers maintain control above current levels. However, XRP still faces a major resistance barrier near $2, where previous rallies have repeatedly stalled. The Supertrend indicator also remains bearish on the weekly timeframe, suggesting