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• • Trading at $XRP $3.08, down from the recent peak of $3.66, with a market liquidity of $182.59 billion

• • The price is trading within a narrow triangular pattern between support level ($3.20) and resistance level ($3.46)

• • 95% of holders are in profit, creating potential selling pressure

• • MACD indicator turning positive while RSI at level 60 shows neutral conditions but may be overbought

Key catalysts under observation

• • Ripple's acquisition of Rail for $200 million pushed the price up by 13.22% towards $3.36

• • Expecting regulatory clarity from the SEC on August 15, following the recent settlement

• • Launch of ProShares futures ETF and the potential approval of a spot ETF (80%)

• • Technical warnings from analysts about bearish divergences and weak momentum

Trading-related indications

• • Watch for price drop below $3.20 (correction towards $2.80) or breakout above $3.46\ n- Consider hedging strategies as the buy-sell ratio (47.18:113.78) shows an overall bullish trend

• • Monitor trading patterns to confirm trend direction

• • Implement profit-taking strategies given the high ratio of winning positions and volatility risks#XRP #xrp #Binance #EarnFreeCrypto2024 #BitcoinDunyamiz $XRP