$XRP
🔍 Market Snapshot & Momentum
Price Range: $2.89–$3.09 intraday, trading near ~$3.03
Volume & Institutional Activity: Despite a ~38% dip in daily trading volume, institutional accumulation is holding steady, particularly around $2.84–$2.88 in anticipation of the ProShares XRP Futures ETF launch on July 18 .
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📊 Technical Structure
Resistance Levels:
**$3.00–$3.03** — key zone at psychological/Fibonacci confluence
Next targets: $3.20–$3.40 (March highs)
Support Zones:
**$2.84–$2.86** — supported by 20‑EMA and Bollinger mid-band
Strong support: $2.70 (Fibonacci 0.236)
Indicators & Patterns:
Daily and weekly charts flagged Strong Buy on Investing.com, while hourly and shorter frames are neutral to bullish
Bullish engulfing breakout midday, MACD shows flattening divergence on 30‑min; parabolic SAR remains positive
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🎯 Today’s Trade Setup
Strategy Entry Trigger Stop-Loss Target 1 Target 2
Aggressive Long Break above $3.03 with volume <$2.99 $3.20 $3.40
Conservative Long Pullback to $2.90–$2.93 <$2.88 $3.03 $3.20
Flip/Short Rejection at $3.03–$3.05 >$3.06 $2.93 $2.84
