HeyāÆSquareāÆFam! š Letās dive into the XRP/USDT setup on TradingView and explore why the chart suggests exciting upside ā all wrapped in that friendly, Binance Square Family style! š
Rising wedge pattern in play ā XRP climbing along the lower trendline, approaching the key zone near $3.40 (recent ATH) š .
Clean breakout from a descending triangle/falling wedge, riding above the 50ā & 200āday moving averages near $2.30ā3.00 .
RSI is currently elevated (often touching 80 post-wedge breakout)āwatch out for potential short-term cooldowns, but long-term momentum is bullish .
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š Catalysts & Momentum Drivers
1. New ATH & Fresh Inflow Surge
XRP recently rocketed to $3.41ā3.65, marking its highest level in over 6 years on institutional interest and network growth .
2. Institutional Whale Accumulation
Large wallets are loading upārecord highs in whale holdings, supporting bullish momentum .
3. Powerful Technical Setups
Veteran chartist Peter Brandt highlighted a rare compound fulcrum formation on weekly charts, signaling a potential ~60% rally toward $4.47 .
4. Rippleās Progress & Real-World Adoption
Institutional bridges like Dubaiās real-estate tokenization with XRPL EVM are gaining traction .
Ripple CEO confirmed dropping its SEC cross-appealāclosing regulatory uncertainty chapter .
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šÆ Trade Levels to Watch
Zone What to Watch Strategy
$3.40ā3.65 Resistance testing now A bullish break & hold ā momentum signal
$4.00ā4.50 Brandt & Fibonacci targets Possible second leg if momentum sustains
$2.80ā3.00 Hidden divergence & support Great entry area; upside riskāreward
Below $2.80 Possible short-term pullback Use for fresh entries or stay cautious
Even a moderate bounce from $2.80ā3.00 ā $3.65 yields +20%, while a sustained rally to $4.47ā4.68 unlocks +40ā60% gains.
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š§ How to Share in the Square
Use this āBe a Proā template for your next Square Fam post:
Headline: š XRP Rising Wedge + Fulcrum Break ā $3.65ā4.50 Zone Incoming
Chart Summary: āBreakout above wedge, 50/200āday MA support, RSI elevated.ā
Plan:
Entry: $2.80ā3.00 area
SL: Below $2.75
Targets: $3.65 ā $4.47 ā extension to $4.68
Risk: Use stop-loss, manage sizing; RSI suggests potential cooldown before rallies.
Invite Feedback: āWhatās your view on RSI split? Letās vibe.ā
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š§ Final Take
XRP is technically strong, trading near all-time highs with clear bullish setups and solid real-world adoption boosts. With strong whale accumulation and a rare compound fulcrum in play, a +20ā60% move into the $4ā4.50 range is on the tableāespecially if broader crypto stays hot.
Letās grow together: share your chart, ask for feedback, and support each other with respectful, clear posts. The Square Fam thrives on value and community!
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This isnāt financial adviceāalways DYOR and trade responsibly.
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Ready to drop your version of the setup? š¬ The floor is yours!