🔥 XRP (Ripple): Support Battle & Bullish Targets
Current Price Action:$XRP
Trading at $2.95 (as of Aug 6), down from $3.10 resistance. Broke below 100-hour SMA and a bullish trendline at $3.06
Key support: $2.88–$2.92 (50% Fib retracement of recent rally). A close below risks drop to $2.75–$2.81 $BTC
Key resistance: $3.00–$3.10. Break above could trigger rally to $3.67, then $5.50 $ETH
Bullish Catalysts:
ETF Speculation: 95% chance of U.S. XRP ETF approval by late 2025, potentially mirroring Bitcoin/ETH ETF inflows
