#XRP
Trade XRP now strong bullish trendsโคโคโคโค$XRP
๐๐๐ ๐๐ง๐๐๐ ๐๐ค๐ง๐๐๐๐จ๐ฉ ๐๐จ ๐๐๐๐ก๐๐จ ๐๐ฅ๐๐ฃ $25๐ ๐๐ค๐ฃ๐๐จ ๐ผ๐๐๐๐ ๐ค๐ ๐ ๐ช๐ก๐ฎ 30 ๐พ๐ง๐ฎ๐ฅ๐ฉ๐ค ๐๐ค๐ก๐๐๐ฎ ๐๐๐ฅ๐ค๐ง๐ฉ- ๐ฝ๐ช๐ก๐ก๐จ ๐๐ฎ๐ $5.9 ๐๐๐ญ๐ฉ
XRP price trades at $3.15 today, July 30, with a 0.22% decline. This small drop is a continuation of the coinโs choppy movements. Still, whales are not jumping ship, and they have opened more than $25 million worth of longs ahead of a White House crypto policy report on July 30.
July has been one of the best months for XRP holders. It was just last week that the Ripple price broke out of seven months of consolidation. However, in the same way as previous rallies, the uptrend has not been without hiccups.
After reaching $3.66 on Friday last week, Ripple showed signs of being overheated. When this happens, the price tends to drop to gather momentum for the next leg up. That led to a bullish pennant.
Now, the XRP price is creating higher lows, a sign that bulls want to assert their dominance again. In this case, the price might move above $3.66 again. This point is now resistance, because traders usually hesitate when a new high is formed.
The 63% height of the pennantโs pole from the starting point of $2.27 up to last weekโs high of $3.66 shows a 63% surge. That means that if the Ripple price were to cross $3.66, it might gain by 63% and reach $5.96.
The White House crypto policy report that will be released on July 30 might fuel the gains.
Whales might be positioning themselves for the rally with $25 million long positions opened in the last 24 hours.