$XRP
XRP/USDT Weekly Technical Analysis โ Bullish Breakout Above $2.8364 | Key Levels & Next Target
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Week: July 22 โ July 26, 2025
๐ Pair: XRP/USDT (Weekly Timeframe)
๐ Exchange: Binance
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Market Summary:
XRP/USDT has officially broken out of a descending parallel channel and closed strongly above the key resistance at $2.8364, confirming bullish momentum. This breakout follows a successful retest of the order block near the $2.00 level, which acted as a strong demand zone.
๐ Key Technical Highlights:
โ Breakout Confirmation: XRP has broken out from a multi-week falling wedge channel, showing strong bullish intent.
๐ต Order Block Rejection: The price respected the order block around $1.9995, forming a bullish base.
๐ฃ Weekly RSI: Currently around 70.54, indicating overbought conditions โ a minor retracement or consolidation could occur next week.
๐ Volume Surge: Accompanied breakout with a strong bullish candle, indicating institutional participation.
๐ Possible Retracement Next Week?
Yes, a small retracement or sideways move is likely due to:
RSI being slightly overbought.
Recent strong bullish candle needing healthy consolidation.
Traders might take partial profits near $3.60.
Expect a possible pullback to $2.83โ$2.60 before another potential leg up toward $3.85+.
๐ฏ XRP/USDT Forecast (Next Week):
๐ Bias: Bullish with minor pullback
๐ Retracement Zone: $2.83 โ $2.60
๐ฏ Upside Target: $3.60 โ $3.85+
๐ก Support to Hold: $2.83 and $1.9995
๐ข Conclusion:
XRP is showing signs of a strong bullish continuation after weeks of consolidation. A minor correction is healthy, and any dip toward $2.60โ$2.83 could be seen as a buy-the-dip opportunity. Holding above $2.83 will likely open the door for a test of the $3.60โ$3.85 resistance area.
