$BTC $XRP /USDT Technical & Fundamental Analysis
Technical Overview
๐ $XRP has recently broken above the $2.50 level, signaling growing bullish sentiment, fueled in part by improved geopolitical developments like the U.S.โU.K. trade agreement and potential easing of U.S.โChina tensions.
From a chart perspective:
โ The pair has invalidated minor resistance zones between $2.2500 โ $2.5000
๐ Price is retesting the $2.5000 zone along a lower trendline supported by four key touches โ showing strong bullish structure.
๐ We're monitoring for a liquidity sweep below current levels followed by a breakout above key resistance.
Trade Setup
๐ Buy Stop Entry: $2.5390
โ Stop-Loss: $2.3340 (below liquidity zone)
๐ฏ Target: $2.9970 (above minor resistance)
โ ๏ธ Risk Note: A recent CHOCH (Change of Character) break below a major level suggests possible downside if confirmed.
Fundamental Outlook
๐ผ CME Group has announced the launch of cash-settled $XRP futures on May 19, 2025, pending regulatory approval โ a strong signal of institutional interest. (Source: Reuters)
๐ช The SEC is expected to decide by June 17, 2025, on a spot $XRP ETF filed by Franklin Templeton.
โ If approved, this could legitimize XRP in institutional circles and increase market participation.
๐ Disclaimer:
This is not financial advice.
Always wait for proper confirmation before executing trades.
Manage your risk wisely and trade what you see, not what you feel.