Market Breakthrough
• XRP reached $3.46 (July 19), hitting intraday high of $3.65
• 32% weekly gain with 123% spike in derivatives trading volume
• Breaking $3 resistance level that held since February
Key Catalysts
• Three XRP ETFs approved including ProShares Futures ETF
• GENIUS Act passage (July 17) establishing federal stablecoin framework
• Institutional accumulation: 2.2 billion XRP by whales in two weeks
• Technical strength: MACD positive, RSI at 66, golden cross formation (historically preceding 630% gains)
Trading Strategy
• Target zones: $4 (immediate), $5 ("cup and handle" pattern), $6.37-$8 (year-end)
• Support levels: $3.25-$3.16 for potential entries
• Binance Futures offers up to 50x leverage with open interest near $2B
Community Insights
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