The technical analysis published on November 27th by analyst guyonearth<\/em> highlights a near-perfect reproduction of the pattern that preceded the vertical explosion of XRP<\/a>. The price is currently moving within a descending channel, with a recent bounce off the lower boundary constituting the first signal of a momentum reversal<\/strong>. This behavior precisely recalls how the consolidation phase ended during the previous cycle.<\/p>\n\n\n\n The key level to watch sits around $2.40<\/strong>, corresponding to the upper resistance of the channel. A confirmed breakout of this zone would technically validate the bullish resumption<\/strong> and open the door to major acceleration. Trading volumes will need to support this breakout to avoid a false signal.<\/p>\n\n\n\n In parallel, the $1.90\u2013$2.00 support corridor<\/strong> functions as the structural reference floor. XRP<\/a> has bounced off this level multiple times, confirming this zone as a prime accumulation point. As long as this support remains intact, the bullish configuration remains coherent<\/strong> and the scenario of repeating the 2024 rally<\/strong> stays credible.<\/p>\n\n\n\n The RSI reinforces this diagnosis: It is forming ascending lows beneath a descending resistance, a typical configuration of a quiet accumulation phase<\/strong>. This positive divergence suggests a progressive weakening of selling pressure. All these signals combined create a favorable context for an explosive breakout similar to the one observed several months ago.<\/p>\n\n\n\n