🔍 XRP Coin Analysis – Is Ripple Coin About to Explode Soon?

Amid the increasing movements in the cryptocurrency market, XRP stands out as one of the prominent coins with real-world use, especially with the impending resolution of legal cases and Ripple's expansion into global banking solutions.

$XRP is the native currency of the Ripple network, which aims to facilitate international payments quickly and at a low cost, and it is currently used by many financial institutions around the world.

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📊 Charting Tool (Candlestick Chart):

Take a look at the recent price movement: TradingView#

🚀 Quick Technical Analysis:

Near resistance: $2.33

Nearest support: $2.10

The price is currently moving within a narrow sideways channel between $2.10 and $2.33. Breaking the resistance at $2.33 could push the price towards $2.50 as a first target, and possibly towards $3.00 if the upward momentum continues.

RSI Indicator: Currently in neutral territory (around 60), which provides a good entry opportunity before a strong movement starts.

MACD Indicator: Indicates a slight positive crossover, supporting the gradual upward scenario.

💼 Actual Trade on $XRP:

Entry: $2.26

First target: $2.50

Stop loss: $2.08

The trade is based on a bullish flag pattern in addition to signals from momentum indicators.

📈 My Strategy:

I rely on swing trading patterns by analyzing strong technical patterns such as double bottoms and bullish flags, and I use indicators like RSI and MACD to confirm momentum.

Currently, I am watching for a breakout in the $2.33–$2.36 area cautiously, and if the upward trend is confirmed, I will enter an additional position aiming for $3.00.

🛡️ Why $XRP?

✅ Real-world use in international bank transfers

🤝 Strong partnerships with financial institutions in Japan, Korea, and Europe

⚖️ Improvement in the legal situation before the U.S. SEC

🌍 Increasing institutional adoption and speculation about the emergence of an ETF for XRP

🔔 Do you think $XRP will surpass $3 this month?