📈 Updated Technical Analysis:
#US-EUTradeAgreement
XRP is maintaining an unexpected technical escalation, surpassing $3.11 for the first time since its court ruling with the SEC. This momentum is fueled by rumors of RippleNet's expansion in the Middle East and new banking alliances in Asia.
The breakout of the bullish flag pattern on a daily timeframe, along with a MACD crossing upwards, reinforces a positive continuation narrative. The volume rose to $6.05B, indicating renewed interest after weeks of sideways movement.
According to John Deaton, lawyer and advocate for XRP holders, this new rally reflects "the return of institutional capital that previously avoided the token due to legal uncertainty."
🔍 Technical Strategy:
Resistance zone: $3.30
Solid support zone: $2.95
Attractive for technical traders with a breakout focus.
💬 Strategic Reflection:
XRP is freeing itself from regulatory burdens and aims to lead the cross-border payments sector.
