📊 XRP Weekly Recap • July 7–13

🔸 Opening (July 7): ~$2.27 — holding above crucial $2.24–$2.26 support after testing $2.20–$2.25 range

🔸 Midweek rally: +4.5% jump to ~$2.35 on July 8, fueled by heightened volume (~182M XRP in 24h)

🔸 Whale-led surge: +8% from ~$2.58 to intraday peak of ~$2.96 between July 11–12, propelled by $14M leveraged longs

🔸 Closing price: ~$2.86 (+4.5% for the week)

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🌐 XRP Use Case Highlights

On‑Demand Liquidity (ODL): Enables real-time fiat corridors via Ripple’s xRapid—no need for prefunded accounts

Bridge currency: Efficiently connects different currencies, settling global remittances in seconds at minimal fees

RippleNet infrastructure: Banks and payment providers use xCurrent/xVia APIs for seamless cross-border payments

Emerging utility: Whale-driven accumulation + institutional interest (e.g., Grayscale fund inclusion & growing ETF wave) reinforce XRP’s role in liquidity provisioning

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🔭 Outlook & Sentiment

Technical view: Breakout from symmetrical triangle confirmed — key resistance at $2.90–$3.00; targets stretch toward $3.40, and even Fibonacci $5.96+ levels

Support & resistance:

• Support zone: $2.70–$2.75 (recent whales defended this area)

• Immediate resistance: $2.90–$3.00 range

Macro drivers: Institutional inflows (e.g., whale longs, Grayscale), upcoming XRP ETF launches (starting July 18), and Ripple’s push for U.S. bank charter and regulatory clarity give XRP structural tailwinds

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🧠 Summary

XRP posted a strong bullish week (+4.5%), breaking out on high volume and whale support. Its real-world utility—fast, low-cost liquidity bridge for cross-border finance—is supported by institutional adoption and upcoming ETFs. Eyes on $2.90–$3 for near-term breakout; further momentum could target $3.40+.

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