XRP Weekly Outlook (July 28 – Aug 1) 🔥
As July closes, $XRP enters a decisive week that could shape its next big move.
📌 Key Drivers:
🔹 SEC Meeting (July 31): Ripple’s legal clarity may be discussed, which could trigger strong price action.
🔹 ETF Speculation: Hype around a potential $XRP spot ETF from major players like Black Rock is adding fuel to the bullish sentiment.
📊 Technical Setup:
$XRP is trading near $3.23, staying above key supports and showing bullish momentum. Strong on-chain volume and price action above moving averages hint at institutional accumulation.
📈 Analyst Outlook:
Short-term models see upside to $3.28 this week (~5% gain). If XRP breaks $3.38–3.48, next targets could be $3.60–$3.80, with extended bullish targets up to $6–$8 if momentum accelerates.
💡 Strategy:
Take profits strategically, update stop-losses, and closely watch the market reaction after the SEC update.
✅ Bottom Line:
XRP is at a potential breakout level. A move above $4 or a short-term dip will likely set the tone for August. Stay alert and trade smart!
