Alright team, let's break down this juicy XRP chart and see what's cooking. The daily chart presents a compelling macro setup that bulls simply cannot ignore.
Technical Analysis: XRP has perfectly respected its long-term ascending channel structure on the daily timeframe. Price has tested and held the critical support band between $1.61 and the immediate $2.04 level after a major volatility shakeout. As long as we maintain $1.61 as macro support, the path is clear for a strong bullish push toward the consolidation high resistance at $4.12. Breaking $4.12 would confirm the next phase of the bull run.
Fundamental Analysis: On the fundamental side, Ripple continues to drive adoption through key partnerships focused on cross-border payment solutions across Asia and the Middle East, solidifying its real-world use case. Furthermore, continued regulatory clarity regarding its status boosts investor confidence, paving the way for greater institutional interest.
Action Plan: This current dip looks like an excellent accumulation zone inside a confirmed bullish pattern. I am stacking bids near the support region, anticipating a massive leg up to test the $4 zone soon. Patience is key when trading macro channels.
Highly recommend HOLD and Stacking XRP at Binance
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#XRP #Ripple #Crypto #TechnicalAnalysis #BinanceSquare #Bitcoin
