đ Technical Analysis
â A liquidity sweep to $2.00 closed back inside the six-week green range, printing a hammer on the rising-channel baseâconfirming the dip as a spring rather than a breakdown.
â Price is compressing against the purple April trend-cap; each pull-back now holds a higher low, and a box-range measured move projects a pop toward the dotted pivot at $2.34 and the channel median near $2.60 once $2.24 gives way.
đĄ Fundamental Analysis
â Derivatives funding has flipped positive and cumulative OI on major venues is up ~10 % since 23 Jun, signalling fresh long positioning ahead of Julyâs SECâRipple status hearing.
âš Summary
Buy $2.10-2.18; breakout above $2.24 targets $2.34 â $2.60. Bias void on a 6 h close below $1.98.
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