"XRP gathers energy to launch like in 2017" – July 5, 2025
🔹 Technical Analysis:
XRP is showing a converging wedge pattern that has lasted for 6 months, similar to the pattern in 2017 before the price explosion.
Currently, it is consolidating under the resistance level of $2.90, and if it surpasses this, it may target $6.6 and $21.5.
🔹 Market Cycle:
The pattern follows three phases: Accumulation → Consolidation → Breakout.
XRP now appears to be in the pre-explosion stage (the fourth phase), indicating the potential for a sharp rise.
🔹 Strong Institutional Support:
Amber International has added XRP to its $100 million reserve.
Backed by major investors such as Pantera Capital and Kingkey, reflecting increasing institutional confidence in XRP.
🔹 Conclusion:
The confluence of technical patterns and institutional interest puts XRP in a strong position for a potential significant price breakout soon.
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