Syed_Traders_20
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🧑💻Technical Analysis🧑💻
$XRP $BTC $ETH
📈 XRP Spikes Above $2.28 Following Ripple's Bank Charter Proposal That Triggers Bullish Sentiment:
• The effort by Ripple to gain a U.S. national bank charter inspires a fresh bid in XRP, breaching critical resistance on heavy rising volume.
• XRP is demonstrating accumulation, vaulting above the key $2.28 resistance area on skyrocketing volume. Between 6 July 03:00 and 7 July 02:00, the token rose 2.36%, trading from $2.21 to $2.26 with high hourly trading volume over 67 million.
• Ripple's bank charter news is supporting a bullish technical configuration, with buyers steadfastly defending the $2.24–$2.25 support zone.
🗞️ News Background:
• Ripple Labs' July 2 request to become a national bank charter with the US Office of the Comptroller of the Currency (OCC) has renewed investors' faith in XRP.
• The license, if granted, would enable Ripple to be a federally regulated trust bank — a big stride towards intensified crypto-traditional banking integration.
• Experts state this may boost institutional XRP adoption, especially for international payments and stablecoin issuance.
• The action comes amidst increasing expectation of a U.S.-listed XRP spot ETF and potential Ripple Fed master account approval, setting the token up for longer-term appreciation.
🧑💻 Technical Analysis:
• XRP increased by 2.36% in the 24-hour time frame, moving past $2.21 to $2.26 with a trading range of $0.08 (3.62%).
• Most violent breakout was at 10:00, where volume was over 67M and price broke through the $2.28 level.
• Support is solidly in place at $2.24–$2.25, where buyers took in selling pressure on several dips, most notably at 18:00.
• During the last hour (7 July 01:05–02:04), XRP rose another 2.29%, breaking $2.26 resistance and closing at $2.27.
• The trend picked up speed at 01:30 and 02:01, with volume surges validating solid buyer demand; an intraday high was placed at $2.27.
• The most important resistance now stands at $2.29–$2.30, with upside goals between $2.60 and $3.40 if momentum is maintained through the $2.38 breakout area.
#xrp #TradingSignals #CryptoNewss #technicalanalyst #TrumpTariffs
📈 XRP Spikes Above $2.28 Following Ripple's Bank Charter Proposal That Triggers Bullish Sentiment:
• The effort by Ripple to gain a U.S. national bank charter inspires a fresh bid in XRP, breaching critical resistance on heavy rising volume.
• XRP is demonstrating accumulation, vaulting above the key $2.28 resistance area on skyrocketing volume. Between 6 July 03:00 and 7 July 02:00, the token rose 2.36%, trading from $2.21 to $2.26 with high hourly trading volume over 67 million.
• Ripple's bank charter news is supporting a bullish technical configuration, with buyers steadfastly defending the $2.24–$2.25 support zone.
🗞️ News Background:
• Ripple Labs' July 2 request to become a national bank charter with the US Office of the Comptroller of the Currency (OCC) has renewed investors' faith in XRP.
• The license, if granted, would enable Ripple to be a federally regulated trust bank — a big stride towards intensified crypto-traditional banking integration.
• Experts state this may boost institutional XRP adoption, especially for international payments and stablecoin issuance.
• The action comes amidst increasing expectation of a U.S.-listed XRP spot ETF and potential Ripple Fed master account approval, setting the token up for longer-term appreciation.
🧑💻 Technical Analysis:
• XRP increased by 2.36% in the 24-hour time frame, moving past $2.21 to $2.26 with a trading range of $0.08 (3.62%).
• Most violent breakout was at 10:00, where volume was over 67M and price broke through the $2.28 level.
• Support is solidly in place at $2.24–$2.25, where buyers took in selling pressure on several dips, most notably at 18:00.
• During the last hour (7 July 01:05–02:04), XRP rose another 2.29%, breaking $2.26 resistance and closing at $2.27.
• The trend picked up speed at 01:30 and 02:01, with volume surges validating solid buyer demand; an intraday high was placed at $2.27.
• The most important resistance now stands at $2.29–$2.30, with upside goals between $2.60 and $3.40 if momentum is maintained through the $2.38 breakout area.
#xrp #TradingSignals #CryptoNewss #technicalanalyst #TrumpTariffs
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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