Alright team, let's break down this juicy $XRP chart and see what's cooking. The long-term setup looks absolutely explosive.
We are analyzing the Weekly chart, where $XRP is consolidating within a massive Bullish Flag structure, marking a 50% correction wave. The recent dip successfully tested and bounced sharply off the channel's lower support trendline, confirming the critical immediate support zone near $1.80. Below that, hard support rests at $1.61.
This consolidation phase is winding down. A confirmed weekly breakout above the upper trendline (currently around $3.60) will trigger the next parabolic move. The measured target for this breakout is the key macro resistance at $4.00.
On the fundamental side, Ripple continues to cement its status globally, aggressively pushing adoption in cross-border payments and ongoing Central Bank Digital Currency (CBDC) partnerships worldwide. Positive developments surrounding the final stages of the regulatory clarity battle with the SEC are also boosting sentiment, promising to unlock significant institutional liquidity once resolved.
My strategy is simple: accumulate aggressively on dips within this range. The risk-reward ratio from the current price ($2.11) toward the $4.00 target is highly compelling.
Highly recommend HOLD and Stacking $XRP at Binance
Feel free to comment the altcoin you are holding and we will check it for you!
#XRP #Ripple #BullishFlag #Crypto #BinanceSquare #Bitcoin
