Alright team, let's break down this juicy XRP chart and see what's cooking. The daily chart presents one of the clearest long opportunities we've seen this quarter!
### Technical Analysis
Technically, XRP has successfully defended a critical multi-month support trend line, highlighted in the $2.19 - $2.25 Support Zone. This strong bounce, following what looks like a large W-pattern formation or a bullish harmonic setup, suggests a decisive reversal is in play. We are currently watching the immediate resistance/entry level at $2.6119. A sustained break and hold above this price confirms the target projection visible on the chart. Our high-conviction target remains the massive resistance zone around $4.1072.
### Fundamental Analysis
Fundamentally, XRP continues to gain significant traction globally, driven by ongoing positive developments concerning regulatory clarity and increasing adoption in the cross-border payment space. The expansion of the XRPL ecosystem, including efforts to enhance smart contract capabilities via EVM sidechains, provides solid long-term utility backing this technical movement.
### Action Plan
My action plan is clear: accumulate XRP around the current range ($2.60) or on any dips back toward the main support line ($2.25). The potential upside to $4.10 offers an excellent reward/risk profile.
Highly recommend HOLD and Stacking XRP at Binance.
Feel free to comment the altcoin you are holding and we will check it for you!
