๐ฅ๐ฅ๐ฅ๐ Professional Technical Analysis XRP/USDT (Monthly Chart)
๐๏ธ July 2025 | Source: TradingView
$XRP just broke out of a classic bull flag structure following a massive breakout candle. This technical pattern suggests we may be entering a high-momentum continuation phase.
๐ Key indicators:
๐ EMA(21) and SMA(33) in bullish alignment
๐ Increasing volume on breakout
๐ Fibonacci extensions from the last move:
๐ฏ Potential take profit targets:
โ 1.618 โก๏ธ $6.45
โ 0.786 โก๏ธ $8.90
โ 2.000 โก๏ธ $13.42
โ ๏ธ All of this is happening just before the U.S. Senate hearing on crypto this July 9, featuring Ripple CEO Brad Garlinghouse.
๐ฅ If the tone is favorable, we could see a fundamental catalyst aligning with this technical setup. But beware: if the event is already priced in, it could turn into a โbuy the rumor, sell the newsโ scenario.
๐ My strategy:
โ Already in? Hold with a stop below the flag
โ Not in yet? Wait for confirmation above $2.5 with strong volume
โ Take profits in stages at key levels
๐๐ฅ๐๐๐ฅFollow me for real technical analysis, no hype just smart trading moves.
The market doesnโt forgive improvisation.#writetoearn #Write2Earn #StrategyBTCPurchase #DYMBinanceHODL #OneBigBeautifulBill