As we wrap up July, $XRP is heading into a decisive week—one that might shape its direction for weeks to come. I’ve been closely watching the developments, and here’s what’s lining up.
📌 Key Drivers to Watch:
SEC Meeting – July 31: There’s buzz that Ripple’s ongoing legal battle might see some behind-the-scenes progress. Any hint of clarity here could be a major price trigger—up or down.
ETF Speculation: There are growing whispers of a potential XRP spot ETF. If it’s true (and names like BlackRock are involved), it could drive a serious wave of fresh demand.
📉 Current Chart Setup:
XRP is holding steady near $3.23, staying above crucial support zones. It’s still in a bullish pattern overall. Momentum indicators look healthy, and volume suggests whales and institutions may still be buying.
📊 Analyst Insights:
Forecasts are pointing toward a possible climb to around $3.28 by Friday (roughly a 5% increase). If momentum picks up, price targets of $6 to $8 aren’t out of the question in the coming weeks.
🧠 My Personal Strategy Tip:
If you’re already in profit, it’s a good time to protect gains and tighten stop-losses. The real test will be how XRP reacts after the SEC update. A strong break above $3.38–3.48 could lead us to the $3.60–$3.80 range quickly.
✅ Final Thoughts:
XRP is sitting right at a breakout point. Whether it breaks $4 or dips back, this week’s move will likely shape what August brings. Keep a close eye, move smartly, and don’t let emotions lead your trades.
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$$ETH