๐ XRP Fractal Signals a Possible 70% Repeat Rally ๐
XRP is echoing its bullish falling wedge pattern from earlier this year ๐ช.
Back in Jan, it broke out after holding above the 50-day EMA ๐ด,
Then reclaimed the 20-day EMA ๐ฃ and soared 70% in weeks ๐.
Now in August, XRP is showing the same setup again โ wedge + EMA bounce ๐.
โก๏ธ Breakout or Pullback? XRP Eyes $3.75+ ๐ฅ
As of Tuesday, XRP is testing the wedgeโs upper trendline for a breakout ๐ผ.
A move above could send it flying 20%+ to $3.75 or beyond ๐ธ.
But rejection may lead to a retest of 50-day EMA, or even $2.34 support โ ๏ธ.
Analysts still eye $4+ this cycle, fueled by whale moves + rate cut hopes ๐๐.
๐ XRPL Fundamentals Stay Strong ๐งฑ
XRP Ledger handled 70M+ txns in July ๐ with 1M+ new accounts this year ๐งโ๐ป.
Brazilโs BBRL stablecoin topped $4.2M minted ๐ง๐ท, and US RLUSD usage is surging ๐บ๐ธ.
With growing stablecoin utility + adoption, XRPโs rally may just be getting started ๐ฉ๐ฅ.
XRP is echoing its bullish falling wedge pattern from earlier this year ๐ช.
Back in Jan, it broke out after holding above the 50-day EMA ๐ด,
Then reclaimed the 20-day EMA ๐ฃ and soared 70% in weeks ๐.
Now in August, XRP is showing the same setup again โ wedge + EMA bounce ๐.
โก๏ธ Breakout or Pullback? XRP Eyes $3.75+ ๐ฅ
As of Tuesday, XRP is testing the wedgeโs upper trendline for a breakout ๐ผ.
A move above could send it flying 20%+ to $3.75 or beyond ๐ธ.
But rejection may lead to a retest of 50-day EMA, or even $2.34 support โ ๏ธ.
Analysts still eye $4+ this cycle, fueled by whale moves + rate cut hopes ๐๐.
๐ XRPL Fundamentals Stay Strong ๐งฑ
XRP Ledger handled 70M+ txns in July ๐ with 1M+ new accounts this year ๐งโ๐ป.
Brazilโs BBRL stablecoin topped $4.2M minted ๐ง๐ท, and US RLUSD usage is surging ๐บ๐ธ.
With growing stablecoin utility + adoption, XRPโs rally may just be getting started ๐ฉ๐ฅ.
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XRP
2.9745
+2.12%