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🟢 XRP Analysis
Starting from May 9 until July 2, there was a downward channel in place. As I mentioned earlier, once this channel broke, we entered a bullish phase. After breaking above the $2.33 level, I predicted that XRP would rise towards the $2.45 and $2.50 zones. Indeed, the $2.50 band showed strong volume support.
If the uptrend continues, the next targets are:
$2.71
$2.87
$3.00
As discussed in my live streams, we tested the $3.00 level and then saw a pullback towards $2.71. If we maintain stability above $2.71, I expect XRP to retest the $3.00 zone. Breaking above $3.00 would open the path towards $3.40.
A breakout above $3.40 could potentially form a cup formation or cup & handle formation. If this structure completes successfully, my primary targets will be:
$4.00 zone, followed by
$5.00 zone.
Overall, the market sentiment for XRP remains positive. Recently, there has been intense interest and increasing volume shifting towards XRP, which further supports this bullish structure. If these breakouts are backed by strong volume, a solid trend formation can be expected.
📊 Key Levels to Watch ✅ Support: $2.71
✅ Resistance: $3.00 – $3.40
✅ Formation targets: $4.00 – $5.00
🔔 Note: As always, remember to set your stop-loss levels accordingly. Support these analyses with up-to-date market tracking and volume monitoring for safer trades.
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