🚀🚨 Comprehensive analysis of XRP/USDT — Daily timeframe Current price: 2.97
USDT1⃣ Technical Analysis*: • General trend: The price is in a strong upward trend after a clear breakout of a descending wedge pattern, indicating the beginning of a new upward wave. •
"Chart Pattern": There is a clear formation of a cup and handle pattern, and the price has started to break out of it, reinforcing the continuity of the upward trend. • Current resistance: 3.39 USDT – a very important area, it is expected that the price will encounter a reaction here. •
The nearest support: is between 2.60 – 2.75 USDT, which is a good area to re-enter in case of a pullback.
2️⃣ Wave Analysis: • The current movement is classified as an upward impulse wave, and it may be in the third wave of five waves, which is often the strongest. • We may witness a temporary pullback (fourth wave) before completing the rise towards the fifth wave.
3️⃣ Time Analysis: • The price reached a sharp peak quickly over a short period, indicating the likelihood of a price correction soon. • Expected timing for the start of the correction: between July 15 to 18, 2025 approximately, or with the emergence of a reversal candle at resistance.
4️⃣ Technical Analysis: • The price has surpassed several important digital resistance levels. • The 100% Fibonacci level of the previous movement is near 3.39, which explains the possibility of a temporary halt at this level. • The next targets: ◦
🎯 First target: 3.40 USDT ◦
🎯 Second target: 4.00 – 4.20 USDT • •
🔻 Stop loss: Daily close below 2.60 USDT 5️⃣ Fundamental Analysis: • XRP is receiving support from positive legal expectations, especially with investor optimism regarding developments in the Ripple case against the SEC. •
In general, the continued stability of the market or the rise of Bitcoin supports alternative currencies including
XRP. 6️⃣ Price Action Analysis: • The price has formed strong bullish candles with a clear price gap. •
RSI at 83.9 = Clear overbought, which may cause a correction or temporary pullback. •
There are no current reversal signals, but caution is advised near resistance. Recommendation to buy from current levels or wait for a correction to complete on smaller timeframes.
First target 3.4 target
Preferably take part of the profits at 3.4. Stop loss should be determined by yourself if you are a real trader. Note that if you do not have strategies, you will lose your money. Be careful. Note that you are the only one responsible for pressing the buy and sell button.
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